Parent Of Retail Supplier Acquires Design/Build Service, Industrial Control Firms, Further Creation Of Comprehensive Solutions Portfolio

July 1, 2019

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Reporting by Paul Ring • ring@energychoicematters.com

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Conti Corporation and ENGIE North America Inc. announced that Conti has agreed to sell its business, including affiliates Indicon Corporation, Ion Electric, LLC, and McGilvray Mechanical, LLC, to ENGIE North America.

Conti, Ion, and McGilvray provide construction services that include designing, building, fabrication, installation, training, and maintenance. The companies provide services in various sectors, including renewable energy, electrical, technology, mechanical, fire suppression, HVAC+R, and transportation, serving a range of commercial and industrial markets. Services including everything from traditional construction services to renewable energy installation.

Indicon is a nationally recognized industrial controls integrator, with complete design, engineering, and control panel fabrication capabilities.

“We are excited to welcome the more than 2,000 new colleagues from the Conti teams to ENGIE as they will be a great addition to our portfolio of businesses and skillsets. Together, we will be able to enlarge the range of services we offer and to both broaden and deepen our geographic reach in North America,” said Franck Bruel, Executive Vice President, supervising the UK, Latin America, and North America Business Units. “Equally, we look forward to welcoming the customers of Conti, Ion, McGilvray, and Indicon to our group of valued clients in North America with whom we have more than 55,000 projects, expanding our shared potential to implement leading-edge, comprehensive solutions that will lead the zero-carbon transition in the energy industry.”

Conti, Indicon, Ion and McGilvray will join the ENGIE Services North America team within ENGIE North America, overseeing Energy Services, Contracting and Facility Management businesses. ENGIE Services North America has managed the acquisition of several recent energy contractor firms since fall of 2017, including the former Talen Energy Group, Unity International Group, Donnelly Mechanical Corporation, and Systecon Inc.

Financial details of the agreement were not disclosed.

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