Willdan Acquires Enica Engineering, Expanding Mission-Critical Energy Services for Commercial Sector
Willdan Group (NASDAQ: WLDN) has acquired Enica Engineering's assets, an energy and building automation solutions firm specializing in mission-critical energy services for the commercial sector. Enica, founded in 2010, serves pharmaceutical, biotech, private higher education, and surgical hospital clients in the Northeast United States. The acquisition is projected to generate approximately $10 million in revenue in 2024 and is expected to be accretive to earnings in 2025. The deal enhances Willdan's commercial customer base and expands its specialized technical capabilities in critical building energy systems.
Willdan Group (NASDAQ: WLDN) ha acquisito gli asset di Enica Engineering, una società di soluzioni di automazione energetica e edilizia specializzata in servizi energetici critici per il settore commerciale. Enica, fondata nel 2010, serve clienti nei settori farmaceutico, biotecnologico, dell'istruzione superiore privata e negli ospedali chirurgici nel Nordest degli Stati Uniti. Si prevede che l'acquisizione generi circa 10 milioni di dollari di fatturato nel 2024 e che sia accretiva per gli utili nel 2025. L'affare migliora la base clienti commerciale di Willdan ed espande le sue capacità tecniche specializzate nei sistemi energetici critici degli edifici.
Willdan Group (NASDAQ: WLDN) ha adquirido los activos de Enica Engineering, una firma de soluciones de automatización energética y de edificios que se especializa en servicios energéticos críticos para el sector comercial. Enica, fundada en 2010, atiende a clientes de los sectores farmacéutico, biotecnológico, educación superior privada y hospitales quirúrgicos en el noreste de Estados Unidos. Se proyecta que la adquisición genere aproximadamente 10 millones de dólares en ingresos en 2024 y que sea acretiva para las ganancias en 2025. Este trato mejora la base de clientes comerciales de Willdan y amplía sus capacidades técnicas especializadas en sistemas energéticos críticos de edificios.
윌단 그룹 (NASDAQ: WLDN)이 에니카 엔지니어링의 자산을 인수했습니다. 에니카 엔지니어링은 상업 부문을 위한 미션 크리티컬 에너지 서비스에 특화된 에너지 및 건물 자동화 솔루션 회사입니다. 2010년에 설립된 에니카는 미국 북동부 지역의 제약, 생명공학, 사립 고등 교육, 외과 병원 고객에게 서비스를 제공합니다. 이번 인수는 2024년에 약 1천만 달러의 수익을 발생시킬 것으로 예상되며, 2025년에는 수익에 기여할 것으로 보입니다. 이 거래로 윌단의 상업 고객 기반이 확장되고, 중요한 건물 에너지 시스템에서의 전문 기술 역량이 향상됩니다.
Willdan Group (NASDAQ: WLDN) a acquis les actifs d'Enica Engineering, une société de solutions d'automatisation énergétique et de bâtiment spécialisée dans les services énergétiques critiques pour le secteur commercial. Fondée en 2010, Enica sert des clients dans les secteurs pharmaceutique, biotechnologique, d'enseignement supérieur privé et dans les hôpitaux chirurgicaux dans le nord-est des États-Unis. L'acquisition devrait générer environ 10 millions de dollars de revenus en 2024 et devrait être accrétive pour les bénéfices en 2025. Cet accord renforce la base de clients commerciaux de Willdan et élargit ses capacités techniques spécialisées dans les systèmes énergétiques critiques des bâtiments.
Willdan Group (NASDAQ: WLDN) hat die Vermögenswerte von Enica Engineering übernommen, einem Unternehmen für Energie- und Gebäudeautomationslösungen, das sich auf mission-critical Energiedienstleistungen für den gewerblichen Sektor spezialisiert hat. Enica, gegründet im Jahr 2010, bedient Kunden aus den Bereichen Pharmazie, Biotechnologie, private Hochschulen und chirurgische Krankenhäuser im Nordosten der Vereinigten Staaten. Es wird prognostiziert, dass die Übernahme im Jahr 2024 etwa 10 Millionen Dollar Umsatz generieren und 2025 gewinnbringend sein wird. Der Deal verbessert die Kundenbasis von Willdan im Gewerbebereich und erweitert die spezialisierten technischen Fähigkeiten in kritischen Energiesystemen von Gebäuden.
- Expected to generate $10 million in revenue in 2024
- Acquisition projected to be accretive to earnings in 2025
- Expands specialized technical capabilities in mission-critical energy services
- Enhances presence in Northeast United States commercial sector
- Gains access to high-profile pharmaceutical, healthcare, and research institutions
- None.
Insights
This strategic acquisition strengthens Willdan's position in the mission-critical energy services sector. The
The acquisition provides three key benefits: geographic expansion in the Northeast, enhanced technical capabilities in specialized sectors (pharma, biotech, healthcare) and cross-selling opportunities through Willdan's broader service portfolio. The focus on mission-critical systems for high-profile clients indicates higher-margin potential and recurring revenue opportunities, which could improve overall profitability metrics.
This acquisition strategically positions Willdan in the growing mission-critical infrastructure market, particularly in sectors with robust capital spending like pharmaceuticals and healthcare. The Northeast region represents a significant market opportunity, with many legacy facilities requiring energy efficiency upgrades and automation solutions. The timing aligns with increasing regulatory pressure and corporate commitments to reduce energy consumption and carbon emissions.
The focus on mission-critical facilities provides recession-resistant revenue streams, as these operations require continuous maintenance and upgrades regardless of economic conditions. The cross-selling potential to Enica's established client base could accelerate Willdan's commercial sector growth beyond the initial revenue contribution.
“With Willdan’s national presence and resources, we’re excited to bring our energy, operations, and automation expertise to customers in new regions,” said Reed Berinato, Co-Founder and Principal Engineer of Enica. “Current customers will gain convenient access to new services, such as energy master planning, performance contracting, and project implementation, to help achieve their goals.”
“Enica supports critical building energy systems for several high-profile pharmaceutical, healthcare, and research institutions,” said Mike Bieber, Willdan’s CEO. “The addition of their specialized technical knowledge and trusted relationships allows Willdan to continue expanding our business with commercial customers nationwide.”
About Enica Engineering
Enica Engineering is an engineered solutions provider that aims to solve modern challenges and meet the regulations faced by owners and operators of today’s critical systems. Enica’s services and approach to customer success are built on its industry-leading controls expertise and unique, hands-on project delivery. Combined with its experience in facility operations, Enica offers services in project development, building automation engineering, control system optimization, energy metering, and field engineering services. Its clients are focused in the life sciences and include major medical campuses, universities, hospitals, and pharmaceutical and industrial firms in the greater
About Willdan
Willdan is a nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com.
Forward-Looking Statements
Statements in this press release that are not purely historical, including statements regarding Willdan's intentions, hopes, beliefs, expectations, representations, projections, estimates, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that Willdan will not be able to expand its services or meet the needs of customers in markets in which it operates. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, Willdan’s ability to adequately complete projects in a timely manner, Willdan’s ability to compete successfully in the highly competitive energy efficiency services market, changes in state, local, and regional economies and government budgets, Willdan’s ability to win new contracts, to renew existing contracts (including with its three primary customers and the two primary customers of recently acquired Lime Energy) and to compete effectively for contract awards through bidding processes and Willdan’s ability to successfully integrate its acquisitions and execute on its growth strategy. Willdan’s business could be affected by a number of other factors, including the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 29, 2023. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241025598382/en/
Al Kaschalk
Vice President
310-922-5643
akaschalk@willdan.com
Source: Willdan Group, Inc.
FAQ
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