EN Engineering

EN Engineering

Business Services



EN Engineering (“ENE”) is a professional services firm primarily providing maintenance and replacement driven engineering, consulting, automation and integrity management services for oil and gas transportation and other industrial applications. The company offers a full spectrum of engineering and consulting services from the conceptual design stages through the operation and maintenance of gas distribution systems / facilities and transmission systems / stations.


The company was a joint venture of two corporate parents that were both seeking to divest. Management was looking for a partner that would invest in the business and allow the company to pursue organic and acquisition growth. The prior owners did not permit the company to pursue acquisitions or to use cash flow for reinvestment in new capabilities. The transaction closed at the height of the financial crisis when lender support was nearly non-existent. However, Clearview was able to secure attractive financing by relying on strong lender relationships built over many years.

Investment Date: March 2009
Investment Status: Exited April 2012
Fund Equity Invested: $16.2 million
Process Type: Auction sourced by James Tucker

Post Acquisitions Initiatives

Management Augmentation:

  • Fulfilling a pre-closing commitment, Clearview completed a CEO transition, allowing the founder to move to a part-time Chairman role as he desired.
  • Upgraded the VP of Human Resources position to facilitate growth.
  • Added an experienced business development executive.

Operational Improvements:

  • Restructured management bonus plans to align interests with shareholders while providing additional potential for management.

Organic Growth:

  • Added an office in Denver, CO to serve new customers in the western region.
  • Added several major customers outside the core mid-western market.
  • Reduced customer concentration from 25% to 9% by adding new customers.
  • After the acquisition of Wheatland Systems, cross-sold ENE’s core services to Wheatland Systems’ customer base.

Acquisition Growth:

  • Structured and implemented a formal acquisition search process.
  • Closed and integrated the highly strategic acquisition of Wheatland Systems, which established the combined company as the market leader in pipeline automation.

Tracking Critical Metrics:

  • Implemented concise monthly summary reports.
  • Focused management on revenue per labor hour and critical profit drivers.
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