Published: 10 August 2022 10 August 2022
Pearce Renewables, a division of Pearce Services, has announced the acquisition of MFG Energy Services (MFG Energy), a division of Molded Fiber Glass Companies (MFG Companies). The acquisition expands Pearce Renewables’ technical composite repair and inspection services for wind turbine blades, nacelles, and nose cones. Terms of the transaction were not disclosed.
Initially launched in 2007 and headquartered in Gainesville, Texas, USA, MFG Energy is a provider of composite repair, engineering, maintenance, and inspection services for wind turbine components. The acquisition of MFG Energy is the seventh transaction completed by Pearce Services in the renewable energy sector since it partnered with New Mountain Capital in March 2020. Pearce Services formally launched its Pearce Renewables division in October 2021 following the acquisitions of MaxGen Energy Services
(2020), World Wind & Solar
(2020), Suzlon’s North America O&M business (2020), A & A Wind Pros (2021), Mortenson Energy Services
(2021), and Mountain Renewables