# Ascension Advisory Advises Direct Electric Services on Sale to CET Energy Solutions

> Ascension Advisory served as exclusive sell-side advisor on Direct Electric Services' sale to CET Energy Solutions, a Broad Sky Partners platform.

- Published: 2026-10-29T17:59:26+00:00
- Section: Mergers & Acquisitions
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-29/ascension-advisory-direct-electric-cet-energy-sale
- Source: [FinancialContent Business Page](https://www.financialcontent.com/article/accwirecq-2026-10-29-ascension-advisory-advises-direct-electric-services-on-its-sale-to-cet-energy-solutions-a-broad-sky-partners-portfolio-company)

## Key takeaways

- Ascension Advisory was exclusive sell-side M&A advisor to Direct Electric Services and its shareholders on the sale to CET Energy Solutions.
- Direct Electric Services, founded in 2003 and based in Mount Airy, Maryland, will retain its name and operate as a CET Energy Solutions company.
- Mathew Wainwright of Ascension Advisory led the Direct Electric Services transaction.

[Ascension Advisory](https://akta.pro/company-profiles/003lwfx/ascension-advisory) served as exclusive sell-side M&A advisor to Direct Electric Services and its shareholders on the company's sale to CET Energy Solutions, an integrated electrical and energy services platform backed by Broad Sky Partners. Terms of the transaction were not disclosed, according to the [FinancialContent Business Page](https://www.financialcontent.com/article/accwirecq-2026-10-29-ascension-advisory-advises-direct-electric-services-on-its-sale-to-cet-energy-solutions-a-broad-sky-partners-portfolio-company).

## Direct Electric Services' Sale to CET Energy Solutions

Direct Electric Services, known as DES, was founded in 2003 and is based in Mount Airy, Maryland. The company is a full-service electrical contractor licensed in Maryland, Virginia, Delaware and Washington, D.C., specializing in commercial interiors, institutional projects and service contracts. DES has built relationships with the region's leading general contractors over more than two decades.

DES will retain its name and continue to operate as a CET Energy Solutions company. Ascension Advisory said the transaction reflects its focus on advising founder- and family-owned businesses in the industrial and business services sectors as they navigate sale processes with strategic acquirers, private equity platforms and their portfolio companies.

Mathew Wainwright of Ascension Advisory, who led the DES transaction, said: "Our goal from the outset was to find a partner that would preserve that legacy. CET Energy Solutions and Broad Sky Partners are exactly that partner, and we are proud to have helped the DES team reach this milestone."

John J. Duquette, CEO of CET Energy Solutions, said: "DES has earned its reputation the right way, through great people and deep customer relationships, and we're committed to building on that legacy."

## Ascension Advisory's Deal Record

Ascension Advisory was founded in 2022 and is headquartered in New York, according to akta.pro [company records](https://akta.pro/company-data). The same records list more than 300 closed transactions, more than $3 billion in transaction volume and coverage of more than 25 industries and asset types. Chelsea Mandel is founder and managing director, and Mathew Wainwright is director of European transactions.

## PAG, Rohas Tecnic and EQT Deals

Other middle-market and platform transactions were announced on October 29, 2026. PAG is set to acquire a controlling stake in Evergrande Property Services Group Ltd., in a sale led by liquidators Tiffany Wong and Edward Simon Middleton, [Caixin Global](https://www.caixinglobal.com/2026-10-29/exclusive-pag-moves-to-acquire-controlling-stake-in-evergrande-property-services-102498701.html?cxg=web&Sfrom=twitter) reported. Rohas Tecnic's Inspirasi Fokus agreed to acquire 51% of Centrix Engineering for up to RM 14.28 million, with completion expected in the fourth quarter of 2026, [The future of trading](https://capital.com/en-int/news/rohas-tecnic-signs-deal-to-buy-51-of-centrix-engineering) reported. EQT Infrastructure agreed to acquire Cleanaway Waste Management for an enterprise value of approximately A$9.3 billion, with the scheme expected to be implemented by the end of March 2027, [Mirage News](https://www.miragenews.com/cleanaway-to-be-acquired-by-eqt-for-a9-3-billion-1768467/) reported.

## Companies in this story

- [Ascension Advisory company profile](https://akta.pro/company-profiles/003lwfx/ascension-advisory) · website: http://www.ascensionadvisory.com

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