Clearlake Capital Group's Strategic Acquisition of Qualus for Power Grid Solutions
On March 25, 2026, Clearlake Capital Group, L.P., alongside its affiliates, announced a significant step in expanding its portfolio by signing a definitive agreement to acquire Qualus Corporation, a premier provider of power and electric grid services, from New Mountain Capital. The details of the financial transaction have not been disclosed, but the implications for both firms and the broader power sector are noteworthy.
Qualus Corporation has established itself as a leader in the national grid infrastructure evolution, offering extensive services that encompass advisory and planning, engineering, program management, and energy efficiency among others. This company has positioned itself strategically to tackle the increasing demands placed on the power grid as the economy undergoes significant electrification. With a robust client base comprising some of the largest investor-owned utilities and major commercial and industrial clients, Qualus is well-equipped to meet the rising demands for grid resiliency and sustainability.
Greg Herasymuik, the CEO of Qualus, expressed optimism about the acquisition, noting that joining forces with Clearlake enhances their ability to respond to the growing complexities of operational requirements in the power sector. He emphasized that their ongoing mission is to uphold the long-term efficacy and reliability of the nation’s crucial power infrastructure. This sentiment was echoed by Clearlake's Co-Founder José E. Feliciano and Partner Arta Tabaee, who highlighted the critical investments needed to upgrade an aging power infrastructure and the anticipated surge in power demand.
The partnership is expected to leverage Clearlake’s specialized operational capabilities, aimed at supporting Qualus as it expands and enhances its technical offerings. Naveen Shahani, a Principal at Clearlake, pointed out the increasing gap between grid demand and technical capacity, suggesting that Qualus's unique position in the market will allow it to play a pivotal role in addressing these challenges.
New Mountain Capital’s Managing Directors, Joe Walker and Lars Johansson, acknowledged their fruitful collaboration with Qualus over the past five years, which has been marked by substantial growth and development. They expressed confidence in the company's future prospects, especially with the backing of Clearlake's strategic investment.
Markedly, Qualus brings a differentiated approach to the market, offering everything from integrated advisory services to innovative software solutions that address pressing challenges within the power industry, notably in areas such as resource integration and emergency management.
Clearlake itself is a prominent alternative asset manager founded in 2006, boasting over $185 billion in assets under management across various sectors including private equity, credit, and infrastructure. The firm has a track record of partnering with experienced management teams and providing long-term capital to drive value through operational and strategic expertise.
In summation, the acquisition symbolizes a strategic alignment in the energy sector, anticipated to bolster Qualus’s capabilities while addressing the complex demands of the modern power grid, which is increasingly crucial for the sustainability of both industry and society at large. As the world transitions to electrification, investments like these will play a key role in ensuring a resilient and capable power infrastructure for the future. For additional information, you can visit the websites of Qualus and Clearlake.
About Qualus:
Qualus operates at the forefront of power infrastructure transformation, partnering with utility firms and industrial organizations to deliver an array of services aimed at modernizing and securing the electric grid.
About Clearlake:
With a focus on long-term investments and operational improvements, Clearlake supports businesses through its O.P.S.® (Operations, People, Strategy) framework.
For media inquiries or further details, representative contacts from Qualus and Clearlake can be reached for more insights regarding this pivotal decision and its implications in the industry.
Qualus Corporation has established itself as a leader in the national grid infrastructure evolution, offering extensive services that encompass advisory and planning, engineering, program management, and energy efficiency among others. This company has positioned itself strategically to tackle the increasing demands placed on the power grid as the economy undergoes significant electrification. With a robust client base comprising some of the largest investor-owned utilities and major commercial and industrial clients, Qualus is well-equipped to meet the rising demands for grid resiliency and sustainability.
Greg Herasymuik, the CEO of Qualus, expressed optimism about the acquisition, noting that joining forces with Clearlake enhances their ability to respond to the growing complexities of operational requirements in the power sector. He emphasized that their ongoing mission is to uphold the long-term efficacy and reliability of the nation’s crucial power infrastructure. This sentiment was echoed by Clearlake's Co-Founder José E. Feliciano and Partner Arta Tabaee, who highlighted the critical investments needed to upgrade an aging power infrastructure and the anticipated surge in power demand.
The partnership is expected to leverage Clearlake’s specialized operational capabilities, aimed at supporting Qualus as it expands and enhances its technical offerings. Naveen Shahani, a Principal at Clearlake, pointed out the increasing gap between grid demand and technical capacity, suggesting that Qualus's unique position in the market will allow it to play a pivotal role in addressing these challenges.
New Mountain Capital’s Managing Directors, Joe Walker and Lars Johansson, acknowledged their fruitful collaboration with Qualus over the past five years, which has been marked by substantial growth and development. They expressed confidence in the company's future prospects, especially with the backing of Clearlake's strategic investment.
Markedly, Qualus brings a differentiated approach to the market, offering everything from integrated advisory services to innovative software solutions that address pressing challenges within the power industry, notably in areas such as resource integration and emergency management.
Clearlake itself is a prominent alternative asset manager founded in 2006, boasting over $185 billion in assets under management across various sectors including private equity, credit, and infrastructure. The firm has a track record of partnering with experienced management teams and providing long-term capital to drive value through operational and strategic expertise.
In summation, the acquisition symbolizes a strategic alignment in the energy sector, anticipated to bolster Qualus’s capabilities while addressing the complex demands of the modern power grid, which is increasingly crucial for the sustainability of both industry and society at large. As the world transitions to electrification, investments like these will play a key role in ensuring a resilient and capable power infrastructure for the future. For additional information, you can visit the websites of Qualus and Clearlake.
About Qualus:
Qualus operates at the forefront of power infrastructure transformation, partnering with utility firms and industrial organizations to deliver an array of services aimed at modernizing and securing the electric grid.
About Clearlake:
With a focus on long-term investments and operational improvements, Clearlake supports businesses through its O.P.S.® (Operations, People, Strategy) framework.
For media inquiries or further details, representative contacts from Qualus and Clearlake can be reached for more insights regarding this pivotal decision and its implications in the industry.
Topics Business Technology）
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