Energy & Sustainability M&A Activity — February 2022
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Recent M&A Activity:
January 4, 2022: Universal Voltage was acquired by International Endeavors
(PINX: IDVV) for an undisclosed amount. The acquisition allows
International Endeavors to enter the clean energy marketplace and
diversify its potential revenue streams. As a distributor of energy
products serving the clean energy marketplace, Universal Voltage
supplies commercial and residential solar equipment, power backup,
and EV2G / bi-directional charging sectors.
January 4, 2022: Heila, a developer of a
modular energy platform designed to connect and optimize solar
arrays, batteries and other distributed energy resources, was acquired by Kohler for an undisclosed
amount. The acquisition will help Kohler to expand its clean energy
management offering and leverages the history of trusted expertise
in power resiliency with newer clean energy technologies.
Heila’s platform leverages emergent intelligence to coordinate
power assets and build self-managing microgrids and fleets from the
ground up, enabling clients to connect any power asset
automatically, in any configuration, into a resilient operating
January 6, 2022: Hank, a developer of a
virtual engineering platform designed to maximize energy efficiency
in commercial buildings, was acquired by JLL (NYS: JLL) for an
undisclosed amount. The acquisition will provide JLL the resources
to scale faster to advance healthy, sustainable buildings
worldwide. Hank offers a platform that can integrate with any
building’s management system and third-party APIs to manage
HVAC, lighting and security of buildings, enabling property owners
to have comfort improvements, while simultaneously automatically
adjusting settings to achieve maximum savings.
January 8, 2022: Harness Power acquired LarSun, a solar installation
service provider, for $2.5 million. The acquisition boosts Harness
Power’s goal of helping households navigate the world of solar
installation, with the objective of making the transition to clean
energy as simple and stress-free as possible. LarSun specializes in
the assessment, procurement, installation, maintenance and
interconnection of solar panels and systems, thereby helping
navigate the world of solar and making the transition to clean
energy as simple and stress-free as possible.
January 10, 2022: Oak Creek Energy
Systems was acquired by V-Ridium Power Group, a
subsidiary of Greenvolt – Energias Renováveis (LIS: GVOLT),
a subsidiary of Altri SGPS (LIS: ALTR), for an undisclosed amount
on January 10, 2022. The acquisition allows Greenvolt to enter the
American market and promote and develop renewable energy projects.
Oak Creek Energy Systems develops wind power projects intended to
manage risks and create value through co-development and financing
of renewable energy projects. Oak Creek Energy Systems specializes
in developing utility-scale wind energy projects and offers
comprehensive guidance and solutions, including wind resource
assessment, land and permit acquisition, technical and financial
analysis of wind energy projects, construction and operations
management, and wind turbine maintenance and retrofit, enabling
clients to get assistance through the entire project development
process, from greenfield exploration through construction and
operation of the wind farm.
January 18, 2022: Heartland Solar reached a definitive agreement to be
acquired by Solar Integrated Roofing (OTOC: SIRC) for an
undisclosed amount. Heartland Solar produces and sells affordable
solar panels, renewable energy, generators and battery storage
products, enabling its clients to avail energy-efficient and
cost-saving solar equipment and batteries.
January 18, 2022: SolAero Technologies, a
manufacturer of solar cells and solar panels for satellite and
spacecraft applications, was acquired by Rocket Lab (NAS: RKLB)
for $80 million on January 18, 2022. This acquisition will allow
SolAero Technologies to tap into …….