M&A Deal Summary

Fidelity BSG Acquires Power of Clean Energy

On September 12, 2023, Fidelity BSG acquired renewable energy company Power of Clean Energy

Acquisition Highlights
  • This is Fidelity BSG’s 1st transaction in the Renewable Energy sector.
  • This is Fidelity BSG’s 2nd transaction in the United States.
  • This is Fidelity BSG’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2023-09-12
Target Power of Clean Energy
Sector Renewable Energy
Buyer(s) Fidelity BSG
Deal Type Add-on Acquisition

Target

Power of Clean Energy

Nashville, Tennessee, United States
website
Power of Clean Energy helps commercial and industrial facilities meet their ESG sustainability goals, while reducing energy consumption, expenses, and carbon footprints. Power of Clean Energy is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Fidelity BSG

Sparks, Maryland, United States

website

Category Company
Sector Engineering
DESCRIPTION

Fidelity BSG is a provider of technical building solutions for the commercial and industrial facilities market, delivering best-in-class, non-discretionary services through every phase of a building’s lifecycle. Fidelity BSG is headquartered in Sparks, Maryland.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 ESC

West Hartford, Connecticut, United States

Environmental Systems Corp. (ESC) is a building-integrated systems contractor that helps facility owners and managers enhance building performance by planning and integrating intelligent building solutions. ESC implements smart technology for sustainable operations, balancing energy use and occupant comfort from one seamless front-end interface. The company's experienced technicians provide facility assessment, equipment installation, and on-site maintenance and support services to keep your assets connected and operating at peak performance. Environmental Systems Corp. is based in West Hartford, Connecticut.

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