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.