Publish Date : 30-Apr-2013
EnergySolutions, Inc., a leader in nuclear commercial services, today announced that stockholders approved the previously announced merger agreement with affiliates of Energy Capital Partners II, LLC ("Energy Capital Partners" or "ECP"). Upon the closing of the merger, stockholders of EnergySolutions will be entitled to receive $4.15 per share in cash.
"We are extremely pleased to have stockholder support for the merger with ECP," stated David Lockwood, CEO and President of EnergySolutions. "We expect to receive regulatory approval from the Nuclear Regulatory Commission later this quarter."
ECP's acquisition of EnergySolutions is subject to remaining closing conditions, including approval by the Nuclear Regulatory Commission.
EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.
Energy Capital Partners is a private equity firm with offices in Short Hills, New Jersey and San Diego, California. Energy Capital Partners has over $8 billion of capital commitments under management and is focused on investing in the power generation, electric transmission, midstream gas, renewable energy, oil field services and environmental services sectors of North America's energy infrastructure. The fund's management has substantial experience leading successful energy companies and energy infrastructure investments.
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