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Completed Transactions > Manufacturing > Wheatland Systems acquired by Clearview Capital LLC

Wheatland Systems acquired by Clearview Capital LLC



May 2010



Generational Equity, a leading advisor to privately held and family-owned businesses for mergers, acquisitions, strategic growth initiatives, business valuation and exit planning announced the acquisition of its client, Wheatland Systems, Inc. headquartered in Lawrence, Kansas as an add-on transaction to the Clearview Capital, LLC portfolio company, EN Engineering, LLC.

The transaction closed on May 14, 2010. Wheatland specializes in automation systems development and integration for the oil and gas, power generation, water and food processing industries. Wheatland will operate as another EN Engineering business unit and work closely with the Automation & Electrical Design group.

Wheatland's founder, David Miles, will continue to oversee Wheatland's operations and has re-invested a portion of his proceeds into the equity of the combined companies, obtaining an equity stake similar to that of other key ENE management. Wheatland's capacities and end markets are highly complementary with those of ENE's. This acquisition allows them to offer a comprehensive range of automation services with deeper and broader resources, and provides very attractive cross-selling opportunities for them to pursue together. EN Engineering, LLC is a leading provider of professional engineering and consulting services headquartered in Woodridge (Chicago), Illinois. ENE is presently comprised of four business units; Transmission, which offers a full breadth of engineering services to the natural gas and petroleum pipeline industries; Distribution, which provides similar services to the natural gas utility market; Automation & Electrical Design, which designs and commissions automation and electrical systems for natural gas infrastructure; and, Technology, which provides pipeline integrity, corrosion control, metallurgy and related consulting services to the energy and water industries. The company was acquired by Clearview Capital, LLC in April 2009.

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