HOUSTON, TX — Solaris Energy Infrastructure, Inc. (NYSE: SEI), a Houston-based provider of comprehensive power infrastructure solutions, has acquired Omega Foundation Services, a Louisiana-based heavy civil construction and engineering, procurement, and construction (EPC) specialist with a significant hydro excavation operation. The deal, announced September 2, 2026, is valued at approximately $101 million in net cash consideration, $28 million in debt and lease assumption, and the issuance of approximately 3.6 million Class A Solaris shares.
Founded in 2020 by Andrew Bennett in Slaughter, Louisiana, Omega Foundation Services is one of the fastest-growing heavy civil contractors in the United States — achieving 2,520% revenue growth by 2023 and earning a spot on the Inc. 5000 list in 2024. Approaching $80 million in annual revenue, the company has built its reputation on deep foundations, hydro excavation, heavy civil sitework, mass excavation, underground utilities, storm drainage, road building and paving, and electrical substation construction. It serves customers across data centers and hyperscale campuses, power and utility infrastructure, LNG, industrial, and government sectors.
Hydro excavation has been a core and growing part of Omega's service mix, deployed across utility infrastructure and power projects throughout the Gulf South. The company has used vacuum excavation on sensitive and safety-critical projects — including supporting utility pole reinstallation for Entergy in storm-affected communities near Little Rock, Arkansas — building a track record of precision excavation in demanding field conditions.
Solaris said it has worked alongside the Omega team for two years across multiple locations prior to the acquisition, giving the buyer direct operational insight into Omega's execution capabilities. For Solaris, the acquisition completes a key gap in its power infrastructure platform — adding early-stage site services, plant installation and commissioning, and electrical substation development alongside its existing generation, distribution, and operations and maintenance capabilities.
"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," said Bill Zartler, Chairman and Co-CEO, and Amanda Brock, Co-CEO. "We've worked alongside the Omega team for two years in multiple locations and have great confidence in their ability to execute. We're thrilled to welcome the Omega team to Solaris and see substantial room for growth in the combined company."
The transaction is expected to be immediately accretive to earnings and free cash flow per share.
About Solaris Energy Infrastructure, Inc.
Solaris Energy Infrastructure, Inc. (NYSE: SEI) delivers comprehensive power infrastructure solutions including generation, distribution, installation and commissioning, aftermarket support, and operations and maintenance. Headquartered in Houston, Texas, the company serves multiple U.S. end markets including data centers, energy, and other commercial and industrial sectors. For more information, visit solaris-energy.com.
About Omega Foundation Services
Headquartered in Slaughter, Louisiana, Omega Foundation Services is a heavy civil EPC contractor specializing in deep foundations, hydro excavation, mass excavation, underground utilities, storm drainage, road construction, and electrical substation builds. Founded in 2020 by Andrew Bennett, Omega is an Inc. 5000 honoree and serves customers across the Gulf South in the data center, power and utility, LNG, industrial, and government sectors. For more information, visit omega-foundations.com.
Investor Relations Contact:
Yvonne Fletcher | Senior Vice President, Finance and Investor Relations
(281) 501-3070 | IR@solaris-energy.com
Original release distributed via Business Wire.
