New Mountain Capital-backed Qualus to acquire PFES.

New Mountain Capital-backed Qualus, a pure-play power services firm and innovator at the forefront of the energy transition, agreed to acquire PFES, a specialized and differentiated provider of program management and strategic advisory services to the power industry and utilities. Financial terms were not disclosed. “The addition of PFES to Qualus will broaden our service offerings and enhance the ability of both firms to provide clients with more robust, comprehensive solutions and resources, by deploying our full range of capabilities from strategic advisory to program development and management, to engineering and digital solutions, to specialized field services, to full program and project delivery. We look forward to welcoming the PFES team to Qualus and are excited for the opportunities this combination will create for our people and clients,” Dr. Hisham Mahmoud, Qualus Chairman and CEO.