Solaris Energy Infrastructure to Buy Omega Foundation Services
The Houston power-infrastructure company said the deal adds specialized EPC and heavy civil construction to its full-cycle offering.
Solaris Energy Infrastructure, Inc. (SEI) said it has agreed to acquire Omega Foundation Services in a mixed transaction combining cash, debt assumption and stock.
The Houston-based provider of modular power generation, control and distribution equipment will pay approximately $101 million of net cash consideration, assume $28 million of debt and leases, and issue about 3.6 million Class A shares. The company did not state a closing date or a premium in the announcement.
Omega brings engineering, procurement and construction and heavy civil work that represents a missing link in Solaris’s turnkey execution stack. The purchase responds to a construction bottleneck and provides a way to take on third-party projects in data centers, LNG, industrial and government work.
That rationale sits on top of a 2024 pivot that has already made Solaris a behind-the-meter power provider for large technology customers. Since then, the company has assembled fuel sourcing, generation, emissions control, distribution, storage and operations into a single offering, and in the first quarter of 2026, the Power Solutions segment generated 76% of total segment adjusted EBITDA.
The Omega deal is the latest in a string of bolt-ons aimed at the same full-cycle end point. In July, Solaris acquired Global Energy Services Alliance, a full-cycle power generation O&M and technical-services provider, for about $55 million in cash and three million Class A shares, and said the purchase was expected to be accretive to earnings and free cash flow per share. The GESA combination added front-end plant installation and commissioning plus long-term operations and repair across aeroderivative, industrial, heavy-duty, hydroelectric and steam generator classes.
Co-CEOs Bill Zartler and Amanda Brock described GESA as “another key step in establishing Solaris as a recognized full-service power provider.” Their Omega quote follows the same logic: “Omega adds another key piece of the power value chain, expanding our execution capabilities and opening new revenue opportunities across a range of third-party projects,” the two said.
The pattern is not unique in the power-infrastructure complex. Flex (FLEX) agreed in September to buy EPC Power for $4.4 billion to add power-conversion hardware for AI data centers and grid applications, and in March to buy Electrical Power Products for about $1.1 billion in cash to deepen utility and industrial control systems. Sterling Infrastructure (STRL) in 2025 agreed to buy CEC Facilities Group for a $505 million upfront price to extend electrical contracting into mission-critical data-center and semiconductor work. Everus Construction Group (ECG) completed a $295 million cash purchase of Epsilon Industries in September 2026 to add modular mechanical and electrical building systems.
The Omega acquisition is expected to open growth in data center, LNG, industrial and government sectors by pairing Solaris’s equipment and rental contracts with specialized EPC and heavy civil execution. The company did not provide financial accretion, segment placement or a target close date for the Omega transaction.