Investment to drive grid modernization and enhanced resiliency to meet
growing power demand
SANTA MONICA, Calif. and LAKE MARY, Fla., March 25, 2026 /PRNewswire/ --
Clearlake Capital Group, L.P. (together with certain of its affiliates,
"Clearlake") today announced it has signed a definitive agreement to
acquire Qualus Corporation ("Qualus" or the "Company") from New Mountain
Capital ("New Mountain Capital"). Financial terms of the transaction
were not disclosed.
Qualus is a pure-play power solutions firm at the forefront of the
nation's grid infrastructure transformation. The Company provides
integrated front-end advisory and planning, engineering, digital
solutions, program management, energy efficiency, and specialized field
services supporting grid resiliency, security, and sustainability.
Qualus addresses the technical complexity of the power network and
surging load requirements created by the electrification of the economy
=- serving a diverse, blue-chip customer base of the nation's largest
investor-owned utilities as well as commercial and industrial
organizations.
"Today marks an exciting milestone in Qualus' journey," said Greg
Herasymuik, Chief Executive Officer of the Company. "Qualus has
established itself as a premier power solutions platform, providing
specialized advisory, engineering, and field services to the power grid.
The partnership with Clearlake brings strategic backing to further scale
our capabilities and support our clients as they navigate increasingly
complex operational requirements. We remain focused on our mission to
ensure the long-term integrity and performance of the nation's critical
power infrastructure."
"We are excited to partner with Greg and the Qualus team to address the
nation's aging power infrastructure," said José E. Feliciano,
Co-Founder and Managing Partner of Clearlake, and Arta Tabaee, Partner
and Managing Director at Clearlake. "The power sector is entering a
sustained period of critical investment, and we anticipate demand will
only intensify over the coming decades. Qualus is uniquely positioned as
a differentiated provider anchored by deep engineering expertise, and we
are committed to accelerating the Company's growth and supporting
investment in its specialized capabilities." Naveen Shahani, Principal
at Clearlake, added, "We see Qualus at the center of an industry facing
a widening gap between grid demand and technical capacity. By leveraging
Clearlake's O.P.S.$(R)$ capabilities, the Company will be better equipped
to serve the nation's largest utility and commercial clients."
Joe Walker and Lars Johansson, Managing Directors at New Mountain, added,
"We are proud to have supported Qualus over the last five years during a
transformative period of significant growth. We thank Greg and the
Qualus leadership team for our partnership together, and we are
confident in the Company's future success."
AEC Advisors served as lead financial advisor, with Harris Williams
serving as co-financial advisor. Simpson Thacher & Bartlett and Wachtell,
Lipton, Rosen & Katz served as legal counsel to Qualus and Clearlake,
respectively. Apollo, Goldman Sachs Alternatives, and Clearlake acted as
joint lead arrangers on the financing.
ABOUT QUALUS
Qualus is a pure-play power solutions firm at the forefront of power
infrastructure transformation, with differentiated capabilities across
grid modernization, resiliency, security, and sustainability. The firm
partners with utilities, commercial, industrial, data center, and
renewable and energy storage developers, offering comprehensive
solutions through boutique and integrated advisory, planning,
engineering, digital solutions, program management, energy efficiency
and specialized field services. Qualus also provides software and
technology enabled services and develops breakthrough solutions for
critical power industry challenges such as distributed and variable
resource integration, emergency management, and secure data exchange.
For more information, please visit qualuscorp.com.
ABOUT CLEARLAKE
Clearlake is a leading global alternative asset manager founded in 2006
with over $185 billion of assets under management. Clearlake offers a
broad range of investment solutions across private equity, credit,
infrastructure, secondaries, co-investments, and other related private
market strategies. Through Pathway Capital Management(1) , a Clearlake
company, the firm serves institutional and wealth investors seeking
diversified access to private markets.
Clearlake seeks to partner with experienced management teams by
providing patient, long-term capital to businesses across multiple
sectors. The firm aims to drive value through its active, hands-on
operating approach, O.P.S.(R) (Operations, People, Strategy), which
combines deep operational expertise with strategic and talent-focused
initiatives. Headquartered in Santa Monica, Clearlake maintains 13
offices across the Americas, Europe, Asia, and the Middle East. For more
information, please visit clearlake.com or follow us on LinkedIn.
(1) The foregoing information includes Clearlake's pending acquisition
of Pathway Capital Management, which is expected to close in Q2 2026,
subject to the receipt of required regulatory approvals and other
customary closing conditions.
ABOUT NEW MOUNTAIN CAPITAL
New Mountain Capital is a New York-based investment firm that emphasizes
business building and growth, rather than excessive risk, as it pursues
long-term capital appreciation. The firm currently manages private
equity, strategic equity, credit, and net lease real estate funds with
approximately $60 billion in assets under management. New Mountain seeks
out what it believes to be the highest quality growth leaders in
carefully selected industry sectors and then works intensively with
management to build the value of these companies. For more information,
please visit newmountaincapital.com.
Media Contacts:
For Qualus Qualus Suzanne For Clearlake Clearlake For New Mountain Prosek
Broadbent 1-833-QUALUS1 Tasha Pelio 310-400-8879 Partners Josh Clarkson
suzanne.broadbent@qualuscor tasha.pelio@clearlake.co pro-nmc@prosek.com
p.com m
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SOURCE Clearlake Capital Group; New Mountain Capital
(END) Dow Jones Newswires
March 25, 2026 11:05 ET (15:05 GMT)
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