Houlihan Lokey Advises Ares Corporation

Houlihan Lokey is pleased to announce the sale of the Energy Services Division of ARES Corporation (ESD), to Sargent & Lundy LLC (S&L). The transaction closed on May 1, 2019.

ESD is a leading provider of engineering and quantitative risk management services in the nuclear space. The company operates through four segments: engineering, facility operations and management, project management, and risk management, safety and security. ESD offers a comprehensive suite of nuclear services, including seismic engineering and structural analysis, quantitative risk assessments, nuclear design, equipment qualification and testing, and project management. These services are essential to ensuring the safe and compliant operation of nuclear facilities for both commercial and government customers. ESD was founded in 1992 and headquartered in Burlingame, California.

S&L provides consulting, engineering, design, analysis, and project services for various power generation and transmission projects for clients in public and private sectors worldwide. The company offers solutions for nuclear power services, including licensing support, engineering, design, field support, and project management. S&L was founded in 1891 and is headquartered in Chicago, Illinois.

Houlihan Lokey served as the exclusive financial advisor and assisted in marketing, structuring, and negotiating the transaction on behalf of ESD. 

This transaction exemplifies the continued success of Houlihan Lokey's Engineering & Construction practice.