Solaris Energy Infrastructure acquires Omega Foundation Services for about $101 million cash, stock and assumed debt
SEI•Growth markets in focus
Omega adds exposure to growth markets such as data centers, LNG, industrial, and government projects.
Deal terms and expected impact
Consideration included about $101 million in net cash, assumption of $28 million of debt and leases, and issuance of about 3,600,000 Class A shares.
Management expects the acquisition to be immediately accretive to earnings and free cash flow per share.
Acquisition expands power infrastructure capabilities
Solaris Energy Infrastructure acquired Omega Foundation Services to add specialized EPC and heavy civil construction capabilities to its power infrastructure offering.
The deal broadens Solaris’ turnkey power project execution, adding site services, plant installation and commissioning, and electrical substation development capabilities.
