(Issaquah, WA), March 28, 2025 – NAES Corporation (“NAES”) entered into a definitive agreement to acquire certain business lines of PIC Group, INC. The acquisition will bring PIC’s U.S. Operations & Maintenance (O&M), documentation and training, and staffing businesses under NAES, further solidifying NAES’s position as the premier O&M services provider in the United States. 

“Bringing PIC’s respected O&M capabilities and premier staffing group into the NAES family combines two highly skilled teams under one roof,” President of Energy Services, Charlie Hoock, said. “This synergy will enhance our ability to serve our combined client base and expand our remote monitoring capabilities. This transaction is a natural fit for NAES.” 

Under the agreement, NAES will assume PIC Group’s existing O&M contracts and onsite personnel, as well as key support lines of business in training, documentation, and staffing.   

“This transaction aligns with our mission to deliver best-in-class services and foster lasting partnerships with our customers,” said Mark S. Dobler, NAES President and CEO. “By integrating PIC’s talent and expertise, we can better serve both existing and new clients, offering a broader range of solutions to meet their evolving needs. It will enable NAES to provide greater value across multiple sectors, building upon both companies’ established legacies.” 

By merging PIC’s O&M, documentation and training, and staffing expertise with NAES’ existing suite of services, the combined organization will be positioned to deliver even greater value, efficiency, and performance for clients across the power generation and industrial sectors.   

The deal is expected to be finalized by the end of May.  

About PIC Group, Inc. 

PIC Group, Inc. is an industry-recognized provider of O&M, training, documentation, and staffing services for power generation and industrial facilities. Operating both in the U.S. and internationally, PIC has built a reputation for delivering comprehensive support solutions that improve plant performance, safety, and reliability. 

About NAES Corporation 

NAES is the leading provider of comprehensive power generation and industrial services, with unmatched experience spanning conventional and renewable technologies. The diversity of our customer base and variety of operational requirements has resulted in a unique operating platform from which to train our proprietary models. Our extensive reach and deep expertise enables us to operate and optimize energy infrastructure to power the next wave of global innovation.