Koch Engineered Solutions LLC, a unit of Koch Industries Inc., has acquired DEPCOM Power Inc., an engineering, procurement and construction firm.
DEPCOM builds utility-scale solar power plants and manages ongoing operations, maintenance and refurbishment services. The firm focuses on its customer-centric services, full-service model and in-house expertise and tools for the development of solar power.
“By joining KES, we are combining forces and shared values, and leveraging robust capabilities and knowledge centers that will accelerate our ability to enhance our existing services and expand our offerings into new service lines and markets,” added Johnnie Taul, DEPCOM CEO.
“This acquisition is a major development for KES, as DEPCOM will enable our entry into the fast-growing renewables market, reinforcing our commitment to the electrical infrastructure market segment,” stated Dave Dotson, president of KES.
Stinson LLP served as legal advisor to KES on the transaction, while Greenberg Traurig LLP served as legal advisor to DEPCOM.