- This is the first transaction for CET under Broad Sky Partners’ ownership, a majority investor since February 2025
- NuWave Energy Solutions was founded in 2019 by Ryan Blair
Commonwealth Electrical Technologies, which is backed by Broad Sky Partners, has acquired NuWave Energy Solutions, a Norwell, Massachusetts-based design/build energy-efficiency company. No financial terms were disclosed.
CET is an electrical contractor and energy-solutions company in the Northeast.
This is the first transaction for CET under Broad Sky Partners’ ownership, a majority investor since February 2025.
“This acquisition marks an important step in CET’s growth journey, reinforcing our vision for sustainable growth and significantly increasing our service offering,” said John J. Duquette, CEO of Commonwealth Electrical Technologies in a statement. “Ryan and his team are highly respected in the industry, and together we will deliver even more comprehensive energy solutions to our clients.”
Greenberg Traurig LLP served as legal advisor to CET on the transaction. FMI Capital Advisors acted as the exclusive sell-side advisor and Baker, Braverman and Barbadoro was the legal advisor to NuWave Energy Solutions.
NuWave Energy Solutions was founded in 2019 by Ryan Blair.
