The Linc Group underwent a management-led buyout, releasing it from Enron Energy Services and its majority stake in the company. Global Innovations Partners LLC, a $526 million private equity fund, backed the management's acquisition. Terms were not disclosed, but the acquisition was approved by the Enron bankruptcy court in November 2003.
The Houston-based Linc Group comprises Affiliated Business Services, Linc Corp., Linc Service Holdings and Integrated Process Technologies.