Pearce Renewables announced the acquisition of MFG Energy Services, a provider of composite repair and inspection services for wind turbine blades, nacelles, and nose cones.
The terms of the acquisition were not shared by the companies.
Initially launched in 2007 and headquartered in Gainesville, Texas, MFG Energy claims to operate the largest network of full-service composite manufacturing facilities in North America.
The acquisition of MFG Energy is the seventh transaction completed by Pearce Services, the parent company of Pearce Renewables, 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 (2021).
