EnergySolutions to be Acquired by Energy Capital Partners (ECP)

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7:30 AM on Monday, April 6

The Associated Press

SUMMIT, N.J. & SALT LAKE CITY--(BUSINESS WIRE)--Apr 6, 2026--

Energy Capital Partners ("ECP"), a leading investor across energy transition infrastructure, today announced a definitive agreement to acquire Energy Solutions, a leading nuclear company providing integrated solutions across the full nuclear lifecycle, from TriArtisan Capital Advisors LLC ("TriArtisan").

Energy Solutions is a leading international nuclear company, providing services across the full nuclear fuel lifecycle, including the safe transportation, processing, recycling, and disposal of radiological material. Headquartered in Salt Lake City, Utah and Charlotte, North Carolina, Energy Solutions operates across the United States, Canada, Asia, and Europe. It has a diverse base of customers including the U.S. and Canadian governments, commercial nuclear power generators, research facilities, national laboratories, and medical institutions worldwide.

“Today’s announcement marks an important milestone for Energy Solutions,” said Ken Robuck, President and CEO at Energy Solutions. “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.”

ECP has a long-standing relationship with Energy Solutions and its management team, built through prior ownership. ECP’s decision to acquire the business again comes at a time of transformational change for the nuclear sector. Nuclear energy has emerged as a critical component of U.S. energy security, with bipartisan policy support driving significant regulatory reform and a national ambition to materially expand domestic nuclear capacity over the coming decades. With surging demand for baseload power from manufacturing, LNG, and data centers, utilities are extending reactor operating licenses rather than retiring assets, previously shuttered plants are being brought back online, and a newbuild market is emerging. This is creating sustained, long-term demand for Energy Solutions ' waste management and nuclear services capabilities.

"We've stayed connected with Energy Solutions and its leadership since we exited our previous investment, and we've been impressed by what the team has continued to accomplish," said Drew Brown, Partner at ECP. “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. Energy Solutions 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."

Under TriArtisan's ownership, Energy Solutions has seen significant growth, consistently executed with operational excellence, and served as a vital partner to its customers.

“We are grateful for the Energy Solutions team and what they accomplished during TriArtisan’s ownership,” said Gerald Cromack, Co-Founding Partner of TriArtisan. “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 Energy Solutions, and we are pleased to support this transaction as the company enters its next chapter.”

The transaction is subject to customary regulatory approvals and is expected to close in 2026. Additional terms of the transaction were not disclosed.

Advisors

Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are serving as financial advisors to Energy Solutions. Ropes & Gray is acting as legal counsel to Energy Solutions. Latham & Watkins LLP is acting as legal counsel to Energy Capital Partners.

About Energy Capital Partners

Energy Capital Partners (ECP), founded in 2005 and based in Summit, New Jersey, is a leading investment platform focused on the energy transition, with an emphasis on electricity generation and sustainable infrastructure that delivers reliable, affordable and secure energy. ECP combines deep domain expertise with a value-added, operationally focused investment approach. Since inception, ECP has secured more than $36 billion in capital commitments from institutional investors globally.

ECP is the infrastructure investment platform of Bridgepoint Group Plc (LSE: BPT.L), a London-listed global leader in middle-market private equity, credit and infrastructure. Together, they manage approximately $98 billion in combined assets under management.

About Energy Solutions

Energy Solutions protects the public and preserves the environment by providing safe, compliant, innovative, and sustainable solutions to its clients’ nuclear power, decommissioning, remediation, and waste needs. With decades of experience, Energy Solutions serves government and commercial customers in the nuclear, environmental, and energy sectors. For more information, visit www.energysolutions.com.

About TriArtisan Capital Advisors

TriArtisan Capital Advisors is a middle market focused private equity investing firm which partners with companies requiring a broad range of investment needs. TriArtisan backs leading management teams to support them in building their businesses and achieve attractive returns for its institutional and management partners. For more information, please visit the firm's website at www.triartisan.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20260406868986/en/

CONTACT: For EnergySolutions

Mark Walker

VP of Media Relations

[email protected]

801.231.9194

For ECP

FGS Global

Akash Lodh / Nick Rust

[email protected]

For TriArtisan Capital Advisors

[email protected]