Energy services company EnergySolutions has entered into a definitive agreement to be acquired by Energy Capital Partners from TriArtisan Capital Advisors, marking a significant transaction in the nuclear energy sector amid rising demand for reliable baseload power.
EnergySolutions provides integrated services across the nuclear lifecycle, including transportation, processing, recycling, and disposal of radiological materials. The company serves a broad customer base spanning government agencies, commercial nuclear power operators, research institutions, and medical organizations across the U.S., Canada, Asia, and Europe.
The deal reflects growing momentum behind nuclear energy as a key component of energy security strategies. With electricity demand accelerating due to manufacturing expansion, LNG infrastructure, and data center growth, utilities are increasingly extending reactor lifespans and restarting previously retired plants. This trend is expected to drive sustained demand for nuclear waste management and related services, positioning EnergySolutions for long-term growth under new ownership.
Energy Capital Partners, which has previously owned EnergySolutions, is re-entering the investment at a time of renewed policy support and regulatory reform aimed at expanding nuclear capacity in the United States. The firm focuses on infrastructure supporting the energy transition, with an emphasis on reliable, sustainable power generation.
Under TriArtisan’s ownership, EnergySolutions expanded its capabilities and strengthened its operational performance, further establishing itself as a critical partner across the nuclear ecosystem.
Support: Advisors on the transaction include Morgan Stanley & Co. LLC and RBC Capital Markets, LLC as financial advisors to EnergySolutions. Ropes & Gray is serving as legal counsel to EnergySolutions, while Latham & Watkins LLP is acting as legal counsel to Energy Capital Partners.
KEY QUOTES
“Today’s announcement marks an important milestone for EnergySolutions. Over the past several years, we have broadened our offerings across the nuclear sector and strengthened our ability to deliver integrated solutions for customers. We believe this transaction will accelerate our long-term strategy and growth. We are proud of the work our team delivers every day, and we’re excited to work with ECP again as we build on our momentum and continue investing in our people and capabilities.”
Ken Robuck, President and CEO of EnergySolutions
“We’ve stayed connected with EnergySolutions and its leadership since we exited our previous investment, and we’ve been impressed by what the team has continued to accomplish. We see tremendous potential for its platform as the role of nuclear energy in meeting the rising need for reliable, baseload power continues to grow. EnergySolutions has built deep expertise in supporting nuclear facilities safely and responsibly throughout their lifecycle. We’re excited to partner with them again as they continue serving their customers and contributing to a more secure energy future.”
Drew Brown, Partner at Energy Capital Partners
“We are grateful for the EnergySolutions team and what they accomplished during TriArtisan’s ownership. The company has strengthened its platform and expanded its capabilities across the nuclear services market while maintaining an unwavering focus on safety and execution. We believe ECP is an excellent next owner for EnergySolutions, and we are pleased to support this transaction as the company enters its next chapter.”
Gerald Cromack, Co-Founding Partner of TriArtisan Capital Advisors
