Jabil closes $750M acquisition of energy management company

St. Petersburg tech giant Jabil Inc. has closed on the purchase of a Northern Virginia energy management company that provides “critical power solutions” to data centers.

Jabil paid $725 million for Hanley Energy Group in an all cash deal, according to a Jan. 5 statement. The acquisition includes “a contingent consideration up to $58 million, subject to achieving future revenue thresholds.”

The deal closed Jan. 2.

Hanley Energy designs, develops, supplies, installs and commissions critical power and energy management solutions.

When it announced its agreement to buy Hanley in November, Jabil said the company is an expert in power systems and energy optimization and will add Jabil’s growing capabilities in AI data center infrastructure.

The company, which has its European headquarters in Ireland, has 13 locations internationally and employs 850 people.

Dennis Nordon, Hanley’s managing director, says in the statement that “This is more than an acquisition. It’s a catalyst for the future of data center power management.”

“By joining with Jabil, we are positioned to lead the charge in delivering intelligent, sustainable solutions that empower hyperscalers to unlock the full potential of AI. Our shared vision is to create resilient, energy-optimized infrastructures that drive innovation for decades to come.”

Jabil’s net revenue increased 18.4% to $8.25 billion in the third quarter, according to its most recent earnings report released in September.

For fiscal 2025, net revenue was up 3.1% to $29.8 billion, according to the earnings report.