National Energy & Utilities Inc. (NEU) is a North American industrial holding company with an established portfolio of operating businesses across the energy, utilities, and industrial services sectors in Canada and the United States.
Directional drilling, hydrovac excavation, water and sewer installation, and environmental drilling for municipalities and developers.
Full-service HVAC, plumbing, drainage, and fire protection for high-rise residential, commercial, and industrial developments.
Code-compliant inspections, installations, and ongoing maintenance for commercial and residential buildings.
Smart building controls, HVAC automation, energy management systems, and integrated facility monitoring.
Retrofits, energy audits, insulation upgrades, and efficiency optimization reducing consumption and costs.
Preventive and corrective maintenance for pipelines, power systems, water networks, and essential public infrastructure.
NEU targets acquisition opportunities with the following profile:
National Energy & Utilities Inc. is a North American industrial holding company. We acquire, integrate, and operate essential service businesses across the energy, utilities, and industrial sectors in Canada and the United States.
Unlike traditional private equity, we don’t impose exit timelines. Our permanent capital structure means every business we acquire gets the continuity, investment, and operational support it needs to thrive across generations.
Backed by permanent capital and a long-hold ownership model, NEU brings patient, operationally focused stewardship to every business in our portfolio.
We acquire to hold. No fund cycles, no artificial timelines. Sellers get certainty that their business won’t be flipped in 3–5 years.
NEU isn’t a passive holding company. We actively support portfolio businesses with capital, strategy, back-office consolidation, and operational expertise.
We preserve existing leadership, brand identity, and operating culture. No forced redundancies. The people who built the business continue to lead it.
No investment committees. Our principals approve and close deals directly — fast, clean, and confidential.
Each company brings deep operational history and specialized expertise.
Safe, efficient, and innovative utility construction services supporting growing communities across Canada.
Full-service mechanical solutions for high-rise and large-scale developments. HVAC, plumbing, drainage, and fire protection.
Reliable fire protection services across the Greater Toronto Area. Inspections, installations, and maintenance.
Full-service mechanical contractor and sheet metal fabrication, specializing in healthcare mechanical systems including medical specialty and high purity gases.
Full-service contracting in commercial, industrial, and residential projects. Plumbing, heating, electrical, carpentry, painting, and renovations.
Real estate holdings and property management supporting NEU’s portfolio of operating businesses across Canada.
NEU acquires and operates essential businesses across the energy, utilities, and industrial services sectors — with permanent capital and a commitment to long-term value creation.
We acquire to hold. No fund cycles, no exit clocks. Sellers get certainty.
We target well-run businesses with strong fundamentals, proven cash flow, and essential service offerings.
We preserve management, brand, and culture. Seamless for employees and customers.
Principals are decision-makers. No committee approvals, no delays.
We acquire to hold. No fund cycles, no exit clocks. Sellers get certainty and businesses get the continuity they need to thrive.
We preserve existing management, brand, and operating culture. Integration is seamless for employees, customers, and counterparties.
Our principals are decision-makers. We move quickly through diligence with no committee approvals or unnecessary delays.
Selling your business is one of the most important decisions you will ever make. We have designed our process around what matters most to owners and founders.
No fund committees, no unnecessary delays. Our principals approve and execute.
Experienced acquirer with a straightforward, transparent approach. No unnecessary complexity or drawn-out timelines.
We preserve existing teams, brands, and operating structures. No forced redundancies or cultural disruption.
We do not flip assets or pursue short-term financial engineering. We are a permanent capital holder.
Experienced executives across energy, finance, M&A, and infrastructure.
One of North America’s fastest-growing industrial holding companies.
We don’t always have open positions listed — but we’re always interested in meeting talented people. If you believe you’d be a strong fit for NEU or any of our portfolio companies, we’d love to hear from you.
Send Your ResumeWhether you’re ready to sell, planning for succession, or simply exploring options — reach out in confidence. No pressure. Just a conversation about your business.
199 Bay Street, Suite 4000
Toronto, ON M5L 1A9