M&A Deal Summary

Caterpillar Acquires CarbonPoint Solutions

On September 10, 2021, Caterpillar acquired environmental company CarbonPoint Solutions

Acquisition Highlights
  • This is Caterpillar’s 1st transaction in the Environmental sector.
  • This is Caterpillar’s 17th transaction in the United States.
  • This is Caterpillar’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2021-09-10
Target CarbonPoint Solutions
Sector Environmental
Buyer(s) Caterpillar
Deal Type Add-on Acquisition

Target

CarbonPoint Solutions

West Kingston, Rhode Island, United States
website
CarbonPoint Solutions is a U.S.-based carbon capture technology company that provides technology to concentrate and capture CO2 for utilization or sequestration. Carbon capture systems using CarbonPoint Solutions’ patented processes can be applied to engines and turbines at oil and gas sites, distributed power and industrial plants, and waste-to-energy sites. CarbonPoint Solutions was formed in 2011 and is based in West Kingston, Rhode Island.

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Buyer(S) 1

Buyer

Caterpillar

Irving, Texas, United States

website

Category Company
Founded 1925
Sector Machinery
Employees109,100
Revenue 59.4B USD (2022)
DESCRIPTION
Caterpillar's corporate headquarters in Deerfield, Illinois.
Caterpillar's corporate headquarters in Deerfield, Illinois.

Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar principally operates through three product segments. These include Resource Industries, Construction Industries, and Energy & Transportation. Caterpillar also provides financing and related services through its Financial Products segment. Caterpillar was incorporated in 1925 and is based in Irving, Texas.

DEAL STATS #
Overall 37 of 38
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 26 of 27
State (Rhode Island) 1 of 1
Country (United States) 17 of 18
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 Weir Oil & Gas

Fort Worth, Texas, United States

Weir Oil & Gas provides pressure pumping, pressure control, and aftermarket services to upstream oil and gas customers in North America and internationally.

Buy $405M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Tangent Energy Solutions

Kennett Square, Pennsylvania, United States

Tangent Energy Solutions is a Distributed Energy Resources (DER) company that provides C&I customers with the technology, assets, and managed services needed to identify and capitalize on economic opportunities on the energy grid without disrupting normal operations. Tangent Energy Solutions is based in Kennett Square, Pennsylvania.

Buy -
Mergr

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