20 Acquisitions of Companies in the Energy Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Energy industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 20 acquisitions that took place in the Energy industry.

Allied Power acquired by Bernhard Capital Partners Management

Details about the transaction:

Acquisition amount:

$40,000,000

Announcement:

1 December 2020

Details about the company:

The whole asset life cycle of a power plant is covered by the full range of services offered by Allied Power.

Headquarter:

Baton Rouge, Louisiana, United States

Where to find them:

Industry:

Energy, Energy Efficiency, Oil and Gas

Details about the buyer:

An equities management company with a concentration on infrastructure is Bernhard Capital Partners.

Headquarter:

Baton Rouge, Louisiana, United States

Where to find them:

Yien New Power acquired by Yantai Eddie Precision Machinery

Details about the transaction:

Acquisition amount:

$17,034,566

Announcement:

15 November 2022

Details about the company:

Under HyperStrong, Yien New Power is a top domestic battery system integrator.

Headquarter:

Jinan, Shandong, China

Where to find them:

Industry:

Battery, Energy, Manufacturing

Details about the buyer:

Construction equipment attachments are created, made, and sold by Yantai Eddie Precision Machinery.

Headquarter:

Yantai, Liaoning, China

Where to find them:

Joule Processing acquired by Plug Power

Details about the transaction:

Acquisition amount:

$30,000,000

Announcement:

25 January 2022

Details about the company:

For the treatment, processing, and handling of liquids using natural gas, Joule Processing offers custom-engineered equipment solutions.

Headquarter:

Houston, Texas, United States

Where to find them:

Industry:

Energy, Manufacturing, Oil and Gas

Details about the buyer:

Plug Power is a provider of clean hydrogen and zero-emission fuel cell solutions.

Headquarter:

Latham, New York, United States

Where to find them:

Keystone Royalty acquired by Topaz Energy

Details about the transaction:

Acquisition amount:

$85,000,000

Announcement:

31 March 2022

Details about the company:

The Keystone Group of Companies runs businesses that provide services for oil and natural gas exploration.

Headquarter:

Regina, Saskatchewan, Canada

Where to find them:

Industry:

Energy, Oil and Gas

Details about the buyer:

The goals of Topaz Energy are to increase free cash flow and provide dependable, long-term dividends to its shareholders.

Headquarter:

Calgary, Alberta, Canada

Where to find them:

LIOS Technology acquired by Luna Innovations

Details about the transaction:

Acquisition amount:

$21,885,789

Announcement:

14 March 2022

Details about the company:

LIOS Technology creates distributed temperature sensor devices that operate in the frequency domain.

Headquarter:

Cologne, Nordrhein-Westfalen, Germany

Where to find them:

Industry:

Energy, Logistics, Manufacturing, Sensor

Details about the buyer:

Products for the healthcare, telecommunications, energy, and defense industries are developed by Luna Innovations.

Headquarter:

Roanoke, Virginia, United States

Where to find them:

Protonex Technology Corporation acquired by Ballard Power Systems

Details about the transaction:

Acquisition amount:

$30,000,000

Announcement:

29 June 2015

Details about the company:

changing the method in which portable electricity is used.

Headquarter:

Southborough, Massachusetts, United States

Where to find them:

Industry:

Electronics, Energy, Manufacturing

Details about the buyer:

Ballard Power Systems generally operates in the United States, Canada, Japan, and Germany when developing and marketing hydrogen fuel cell devices.

Headquarter:

Burnaby, British Columbia, Canada

Where to find them:

Greene Waste to Energy SL acquired by Moira Capital Partners

Details about the transaction:

Acquisition amount:

$44,745,232

Announcement:

8 August 2019

Details about the company:

Innovative gasification technology is created by Greene Waste to Energy SL to recover energy from organic waste and biomass.

Headquarter:

Alicante, Comunidad Valenciana, Spain

Where to find them:

Industry:

Biomass Energy, Energy, Environmental Engineering, Renewable Energy

Details about the buyer:

A private equity company is Moira Capital Partners.

Headquarter:

Madrid, Madrid, Spain

Where to find them:

Solcius acquired by Sunworks

Details about the transaction:

Acquisition amount:

$51,800,000

Announcement:

9 April 2021

Details about the company:

Design and Installation of Residential Solar

Headquarter:

Provo, Utah, United States

Where to find them:

Industry:

Building Material, Energy, Mining, Real Estate, Renewable Energy, Solar, Web Design

Details about the buyer:

In order to enhance the conversion of sunshine into power, Sunworks creates a three-dimensional solar cell technology.

Headquarter:

Santa Barbara, California, United States

Where to find them:

Zilog acquired by IXYS

Details about the transaction:

Acquisition amount:

$62,400,000

Announcement:

7 December 2009

Details about the company:

Zilog is a reputable provider of embedded, system-on-chip (SoC), application-specific solutions for both the industrial and consumer industries.

Headquarter:

Milpitas, California, United States

Where to find them:

Industry:

Embedded Systems, Energy Management

Details about the buyer:

A Silicon Valley power semiconductor business, IXYS Corporation, has been creating technologically advanced devices that enhance power conversion.

Headquarter:

Lowell, Arkansas, United States

Where to find them:

Congruitive acquired by Tantalus Systems

Details about the transaction:

Acquisition amount:

$8,000,000

Announcement:

1 February 2022

Details about the company:

Software applications, data virtualization, renewable energy sources, and energy data services are all provided by Congruitive.

Headquarter:

Redwood City, California, United States

Where to find them:

Industry:

Database, Energy, Energy Storage, Information Technology, Software

Details about the buyer:

For enhanced metering, demand response, and conservation for electric and water utilities, Tantalus Systems offers smart grid solutions.

Headquarter:

Angier, North Carolina, United States

Where to find them:

Discovery Downhole Services acquired by Cathedral Energy Services

Details about the transaction:

Acquisition amount:

$16,333,582

Announcement:

11 February 2022

Details about the company:

Tools, equipment, and services for drilling applications in the oil and gas sectors are offered by Discovery Downhole Services.

Headquarter:

Casper, Wyoming, United States

Where to find them:

Industry:

Energy, Industrial Automation, Industrial Engineering, Oil and Gas

Details about the buyer:

Oil and gas businesses may get directional drilling services from Cathedral Energy Services.

Headquarter:

Calgary, Alberta, Canada

Where to find them:

Cap Sud acquired by Helexia

Details about the transaction:

Acquisition amount:

$5,537,000

Announcement:

31 March 2022

Details about the company:

On the rooftops of agricultural structures, Cap Sud develops, builds, and manages solar power plants.

Headquarter:

Vaulx-milieu, Rhone-Alpes, France

Where to find them:

Industry:

Renewable Energy, Semiconductor

Details about the buyer:

Helexia offers energy-saving options for industrial and commercial structures.

Headquarter:

Marcq-en-baroeul, Nord-Pas-de-Calais, France

Where to find them:

Igloo Energy acquired by Good Energy

Details about the transaction:

Acquisition amount:

$2,151,492

Announcement:

2 December 2022

Details about the company:

Igloo Energy is a firm that helps its clients' houses become smarter, more cost-effective, and energy-efficient.

Headquarter:

Southampton, Southampton, United Kingdom

Where to find them:

Industry:

Energy

Details about the buyer:

Good Energy is a unique British provider of renewable power.

Headquarter:

Chippenham, Wiltshire, United Kingdom

Where to find them:

NYAB acquired by CapMan

Details about the transaction:

Acquisition amount:

$52,711,812

Announcement:

12 December 2022

Details about the company:

NYAB is a provider of energy.

Headquarter:

Utajärvi, Oulu, Finland

Where to find them:

Industry:

Construction, Energy

Details about the buyer:

CapMan is a Finnish investment firm that manages outside private equity funds and provides consultancy services for fundraising.

Headquarter:

Helsinki, Southern Finland, Finland

Where to find them:

solarZero acquired by BlackRock

Details about the transaction:

Acquisition amount:

$60,017,201

Announcement:

13 September 2022

Details about the company:

solarZero is a provider of sun power.

Headquarter:

Auckland, Auckland, New Zealand

Where to find them:

Industry:

Energy, Renewable Energy, Solar, Sustainability

Details about the buyer:

Investment firm BlackRock provides its services to foundations, intermediaries, institutions, and private investors.

Headquarter:

New York, New York, United States

Where to find them:

Custom Solar acquired by Mitie

Details about the transaction:

Acquisition amount:

$15,490,977

Announcement:

9 June 2022

Details about the company:

Custom Solar creates solar power solutions for businesses and government organizations.

Headquarter:

Chesterfield, Derbyshire, United Kingdom

Where to find them:

Industry:

Clean Energy, Energy, Renewable Energy, Solar

Details about the buyer:

Facilities, property, and energy management are services offered by Mitie, a strategic outsourcing corporation, to both public and private sector companies.

Headquarter:

Bristol, Bristol, City of, United Kingdom

Where to find them:

Harp Renewables acquired by Renovare Environmental

Details about the transaction:

Acquisition amount:

$20,000,000

Announcement:

3 March 2022

Details about the company:

A renewable and sustainable solution for the treatment of organic waste is offered by the biotechnology firm Harp Renewables.

Headquarter:

Tustin, California, United States

Where to find them:

Industry:

Environmental Consulting, Renewable Energy

Details about the buyer:

Renovare Environmental disposes of organic waste, reduces expenses, and promotes sustainability using Big Data and Green Technology.

Headquarter:

Chestnut Ridge, Pennsylvania, United States

Where to find them:

PG Lifelink acquired by Metalrax Group

Details about the transaction:

Acquisition amount:

$5,962,413

Announcement:

29 January 2008

Details about the company:

Since 1957, PG Lifelink has produced isolated power accessories, line isolation monitors, and isolated power panels.

Headquarter:

Erlanger, Kentucky, United States

Where to find them:

Industry:

Electrical Distribution, Energy, Industrial Manufacturing, Manufacturing

Details about the buyer:

The Metalrax Group offers a broad range of financial information on compiling, evaluating, and reporting accounting data.

Headquarter:

Birmingham, Birmingham, United Kingdom

Where to find them:

Producers Service Corporation acquired by ProFrac Services

Details about the transaction:

Acquisition amount:

$35,000,000

Announcement:

3 January 2023

Details about the company:

Oil and energy company Producers Service Corporation offers services for acidizing and fracturing.

Headquarter:

Zanesville, Ohio, United States

Where to find them:

Industry:

Energy, Oil and Gas

Details about the buyer:

A manufacturing and distribution firm called ProFrac Services creates unique hydraulic machinery for the fracturing sector.

Headquarter:

Cisco, Texas, United States

Where to find them:

Renovigi Energia Solar acquired by Intelbras

Details about the transaction:

Acquisition amount:

$65,014,696

Announcement:

16 February 2022

Details about the company:

The leading manufacturer and distributor of solar energy products is Renovigi Energia Solar.

Headquarter:

Chapecó, Santa Catarina, Brazil

Where to find them:

Industry:

Energy, Manufacturing, Renewable Energy, Solar

Details about the buyer:

Solutions for networks, communication, safety, and energy are offered by Intelbras.

Headquarter:

São José, Santa Catarina, Brazil

Where to find them: