EnergySolutions announced that it has closed the previously announced sale of its majority ownership interest to TriArtisan Capital Advisors (TriArtisan).
In November 2021, EnergySolutions announced that TriArtisan, an existing shareholder, would acquire the remaining ownership interest in EnergySolutions from its then-current majority owner, Energy Capital Partners. Final terms of the transaction were not disclosed.
long-term stability
EnergySolutions CEO, Ken Robuck, said, “We are pleased to have successfully closed this transaction and we are looking forward to furthering our close partnership with TriArtisan as we continue to grow and execute against our business plans.”
“We are very pleased to have increased our investment in EnergySolutions,” stated TriArtisan Co-Founding Partner Gerald Cromack, “Our goal is to provide EnergySolutions long-term stability of ownership and to support Ken Robuck and the EnergySolutions team in expanding the Company’s leadership presence in the rapidly growing nuclear utility, commercial and government waste management and decommissioning markets.”
integrated services and solutions
EnergySolutions, headquartered in Salt Lake City, Utah, is an international nuclear services company that provides integrated services and solutions to the nuclear decommissioning market and nuclear waste industry and owns state-of-the-art facilities to safely transport, recycle, process, and dispose of nuclear material.
Ropes & Gray LLP acted as counsel to TriArtisan and Latham & Watkins LLP acted as counsel to Energy Capital Partners and EnergySolutions.
