M&A Deal Summary

EDF Renewable Energy Acquires Global Resource Options

On April 25, 2016, EDF Renewable Energy acquired renewable energy company Global Resource Options from NGP Energy Technology Partners

Acquisition Highlights
  • This is EDF Renewable Energy’s 4th transaction in the Renewable Energy sector.
  • This is EDF Renewable Energy’s 5th transaction in the United States.
  • This is EDF Renewable Energy’s 1st transaction in Vermont.

M&A Deal Summary

Date 2016-04-25
Target Global Resource Options
Sector Renewable Energy
Buyer(s) EDF Renewable Energy
Sellers(s) NGP Energy Technology Partners
Deal Type Add-on Acquisition
Advisor(s) Marathon Capital LLC (Financial)

Target

Global Resource Options

While River Junction, Vermont, United States
website
Global Resource Options, Inc. (dba groSolar) is a privately owned company, which provides development and turnkey engineering, procurement, and construction (EPC) of solar photovoltaic (PV) projects for developers, financiers, utilities, corporate, government, and other institutional clients.

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Buyer(S) 1

Buyer

EDF Renewable Energy

San Diego, California, United States

website


Category Company
Founded 1987
Sector Energy Services and Equipment
DESCRIPTION

EDF Renewable Energy is one of the renewable energy players in the U.S. market and owns more than 1,400 MW of renewable power generation assets and more than 6,000MW of O&M service contracts through its affiliate company, EDF Renewable Services.


DEAL STATS #
Overall 5 of 7
Sector (Renewable Energy) 4 of 5
Type (Add-on Acquisition) 5 of 7
State (Vermont) 1 of 1
Country (United States) 5 of 7
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-25 OwnEnergy

Brooklyn, New York, United States

OwnEnergy, Inc. is a developer of mid-sized wind projects.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 EDF Renewable Energy - Two Wind Projects

Texas, United States

EDF Renewable Energy - Two Wind Projects consists of the 174-megawatt (MW) Salt Fork Wind Facility and the 126-MW Tyler Bluff Wind Facility.

Sell -

Seller(S) 1

SELLER

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.


DEAL STATS #
Overall 9 of 17
Sector (Renewable Energy) 2 of 3
Type (Add-on Acquisition) 4 of 9
State (Vermont) 1 of 1
Country (United States) 8 of 16
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-09 Wellsite

Broussard, Louisiana, United States

Wellsite is a comprehensive rental equipment provider for the drilling and production sectors of the oil and gas industry. The Company provides rental tubing & associated handling tools, specialty trailers, cooling and heating trailers, automated slips, variable bore rams and additional rental equipment. Wellsite was founded in 2013 and is based in Broussard, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 TPI

Scottsdale, Arizona, United States

TPI is a developer and volume manufacturer of wind turbine blades and other large-scale composite structures for the transportation and military vehicle markets. TPI Composites was founded in 1968 and is based in Scottsdale, Arizona. TPI was founded in 1968 and is based in Scottsdale, Arizona.

Sell -