Oaktree Capital Management LP, a global asset management firm, has acquired Enercon Services Inc., an engineering and environmental services firm, from AE Industrial Partners LP.

Enercon provides engineering and environmental services to customers in power generation, power delivery and related markets, including nuclear, renewable and conventional power generation, transmission and distribution, distributed generation, battery storage and electric vehicle infrastructure. The company offers services including engineering design, regulatory, environmental protection, compliance and inspection to private and public sector clients throughout the U.S. and internationally. AEI will retain a minority interest in Enercon.

“Enercon has solidified its position as a leader in specialized engineering services, and we believe that the Company is well positioned to benefit from the attractive tailwinds in its energy and environmental end markets,” comments Michael Greene, managing partner at AEI.

Harris Williams served as financial advisor and Kirkland & Ellis LLP served as legal advisor to AEI on the transaction.