May 01, 2012
EN Engineering of Olathe, KS owned by Clearview Capital of Old Greenwich, CT has completed the sale to CIVC Partners of Chicago, IL. EN Engineering is a leading energy focused professional services firm providing engineering, consulting, automation and integrity management services to the natural gas, liquid petroleum and related industrial markets. In May 2010 Lawrence based Wheatland Systems sold to EN Engineering of Woodridge, IL in which Wheatland later moved the Lawrence branch office to Olathe. Clearview announces that the transaction yielded a gross return of 4.5x invested capital for Clearview and a 68% internal rate of return over Clearview's three-year hold period. Clearview had acquired the EN Engineering holding company in 2009. O'Keeffe & O'Malley assisted Wheatland in the sale to EN Engineering in 2010.