# Fernweh Group Expands Global Footprint with Strategic Acquisition of Sun Industrial Group by Calvin Power Services By Michelle Dawn Mooney · Published 2024-03-03 · Updated 2026-03-19 · Energy on MarketScale Canonical: https://www.marketscale.com/industries/energy/acquisition-of-sun-industrial-group > A strategic acquisition reveals how consolidation is reshaping the energy and industrial services landscape globally ## Key points - A strategic acquisition reveals how consolidation is reshaping the energy and industrial services landscape globally Block Field What does the [**Fernweh Group's**](https://www.fernweh.com/) acquisition of [**Sun Industrial Group**](https://www.sunindustrialgroupllc.com/) by **Calvin Power Services** suggest about the evolving landscape of the energy and industrial sectors? Energy Sector Reporter [**Michelle Dawn Mooney**](https://www.michelledawnmooney.com/) finds the **Fernweh Group's** latest maneuver indicative of a more significant trend towards consolidation in service-focused businesses within these sectors. She underscores the significance of this strategic move by quoting [**Jared "Smiley" Smith**](https://www.linkedin.com/in/jarrett-smiley-smith-a4b87bb5/), President of SIG: "The combination of Sun Industrial Group with Calvin Power signifies the next great chapter in this customer-focused business. We are excited about the service opportunities with marquee clients and sharing our knowledge and experience with other Calvin Power businesses in the future." > The combination of Sun Industrial Group with Calvin Power signifies the next great chapter in this customer-focused business. > *— Jared "Smiley" Smith, President of SIG* Tags: Calvin Power Services, Fernweh Group, Michelle Dawn Mooney, Sun Industrial Group, Sun Industrial Group acquisition --- Source: MarketScale, https://www.marketscale.com/industries/energy/acquisition-of-sun-industrial-group. Published for AI indexing and citation; cite the canonical URL. Site guide for agents: https://www.marketscale.com/llms.txt