An ESP/separator assembly (10) is positioned downhole in a well on a tubular string (18) to pump downhole fluids to the surface. The assembly includes an electric submersible pump (12) and an electrically powered motor (20) positioned below the pump. An electrical cable (22) extends downhole past the motor and to the pump. A generally cylindrical shroud (26) is positioned circumferentially about the pump, the motor, and a portion (24) of the cable extending past the pump and to the motor. A separator (60) is provided at the lower end of the shroud, such that the shroud supports substantially the weight of the separator.