MidOcean acquires engineering services provider SI Solutions

Mid-market private equity firm MidOcean Partners has acquired SI Solutions, a provider of engineering, testing, inspection, compliance and maintenance services for power and critical infrastructure end markets. 

Terms of the transaction have not been disclosed.
 
SI employs over 450 and provides services to enable the reliability of the US power markets, safety and regulatory compliance of critical assets, and continued expansion of public and private infrastructure in the US and abroad. 

The company will continue to be led by Chief Executive Officer Mark Marano, who previously served as COO of Westinghouse Electrical Company. SI’s management team, employee shareholders and prior investor Jumana Capital have also reinvested in the business.
  
The acquisition of SI marks MidOcean’s fourth investment in the engineering and critical infrastructure sector, with the firm having previously invested in, and exited System One and The Planet Group. The firm also recently announced a preferred equity investment through its structured capital initiative in GridHawk Holdings, a provider of damage prevention services for critical utility infrastructure across the US.
 
MidOcean was advised by Gibson, Dunn & Crutcher. SI was advised by Stifel and Locke Lord. Jumana Capital was also advised by Locke Lord.