Qualus Acquires ASSET Engineering, Expands in Renewables and Energy Storage

Qualus Corporation, a leading power services firm at the forefront of the energy transition, announced the acquisition of ASSET Engineering, a distinguished power engineering and consulting firm with expertise in renewable generation development, battery energy storage systems, microgrids, and distributed energy resources for data centers and critical infrastructure. This acquisition enhances Qualus’ capabilities in these areas.

ASSET, based in Jackson, Mississippi, offers specialized engineering services to utilities, renewable and energy storage developers, and industrial clients across the U.S. These services include advisory, planning, studies, design, testing and commissioning, turnkey project management, and owner’s engineer services, which align well with Qualus’ offerings.

Dr. Hisham Mahmoud, Chairman and CEO of Qualus, stated, “The combination of ASSET and Qualus is a natural fit on many levels, including our compatible cultures and shared vision for the future. This strategic alignment expands our client base, geographic footprint, and growth opportunities for our team.”

Neal Rich, founder and CEO of ASSET Engineering, added, “We are proud of our focus on quality and our nurturing culture. We believe Qualus respects our legacy and shares our values, making them an ideal partner for our continued growth.”

EFCG served as the financial advisor to Qualus, while Matheson Financial Advisors served as the financial advisor to ASSET.

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