FMI Advises Talen Energy on Multiple Divestitures of Companies

RALEIGH, N.C., Oct. 26, 2017 /PRNewswire-iReach/ -- FMI Capital Advisors represented Talen Energy, a portfolio company of Riverstone Holdings, in the divestiture of 10 operating construction companies under its Talen Energy Services business line, including the sale of six companies to Engie North America. Talen Energy is one of the largest competitive energy and power generation companies in North America.

Talen Energy Services is a wholly owned subsidiary of Talen Energy Corporation and is comprised of multiple industry leading, well-recognized mechanical contracting and energy services companies located in the Northeast and Mid-Atlantic. The companies operate under established local brands and provide comprehensive mechanical contracting services to a diverse array of clients primarily within the industrial, institutional and commercial sectors. Core service offerings include process piping, HVAC construction and service and maintenance, energy service / savings, plant maintenance, sheet metal and other capabilities.

The transaction was led at FMI by Alex Miller, Steve Darnell and Stuart Phoenix. FMI represented Talen in the divestiture of the 10 operating companies through four transactions.

To read the complete release for this deal please click here.

FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm exclusively serving engineering and construction, infrastructure and the built environment. With over 600 completed transactions, our unique industry focus enables us to provide our clients with valuable insight and advice. Clients gain access to our unparalleled network of industry contacts and relationships, deep market knowledge and technical expertise, based on decades of experience.

FMI Capital Advisors Contact:

Alex Miller
amiller@fminet.com
919-785-9234

Steve Darnell
sdarnell@fminet.com
919-785-9281

Stuart Phoenix
sphoenix@fminet.com
919-785-9241

About FMI Corporation:

For over 60 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.

FMI serves all sectors of the industry as a trusted advisor. More than six decades of context, connections and insights lead to transformational outcomes for clients and the industry.

FMI helps you build your foundation for tomorrow and optimize your business for today. Industry Focus. Powerful Results 

Media Contact:Rebecca Esler, FMI Corporation, 919-785-9209, resler@fminet.com

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SOURCE FMI Corporation