M&A Deal Summary

GFI Energy Ventures Acquires Solomon

On November 11, 2013, private equity firm GFI Energy Ventures acquired electrical equipment company Solomon

Acquisition Highlights
  • This is GFI Energy Ventures’ 5th transaction in the Electrical Equipment sector.
  • This is GFI Energy Ventures’ 27th transaction in the United States.
  • This is GFI Energy Ventures’ 1st transaction in Kansas.

M&A Deal Summary
Date 2013-11-11
Target Solomon
Sector Electrical Equipment
Buyer(s) GFI Energy Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Solomon

Solomon, Kansas, United States
website
Solomon Corporation was founded by Gene Hemmer in 1971 as a small polemount repair shop. Over the decades, the company has grown to become a full-service transformer rebuild and maintenance facility that also specialized in sales and service of distribution transformers, voltage regulators, oil circuit reclosers and switches, as well as transformer parts and components.

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Buyer(S) 1

Buyer

GFI Energy Ventures

Los Angeles, California, United States

website

Category Private Equity Firm
Founded 1995
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

GFI Energy Ventures is a specialist private investment firm focused on businesses surrounding the energy industry. GFI generally looks to acquire a controlling or significant interest in private companies or business units of public companies. Energy sub-sectors of interest include power quality/power conversion; energy measurement and control; transmission and distribution optimization; and information systems/transaction support. GFI seeks opportunities with at least $50 million in revenue and valued up to $500 million. The Firm will not invest in start-ups, turnarounds, unproven technology, or investments requiring less than $30 million of equity capital. GFI Energy Ventures was formed in 1995 and is based in Los Angeles, California.

DEAL STATS #
Overall 29 of 32
Sector (Electrical Equipment) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 20 of 21
State (Kansas) 1 of 1
Country (United States) 27 of 30
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-10 RSH Energy

Houston, Texas, United States

RSH Energy, LLC is a full-service provider of survey, QA/QC inspection, engineering, project management, and GIS data management services for pipelines and oil & gas related facilities. We were formed by the GFI Energy Group of Oaktree Capital Management, L.P. (GFI) and a senior management team of highly experienced oil & gas midstream services executives, which together acquired the oil & gas infrastructure services business from R-S-H Engineering, Inc. Our newly formed engineering and professional services business is headquartered in Houston, Texas with additional offices in Edmond, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-27 tenKsolar

Minneapolis, Minnesota, United States

tenKsolar designs, manufactures and markets high efficiency and highly reliable photovoltaic solutions based on its proprietary RAIS module technology. The company offers complete, turnkey commercial rooftop solar PV arrays providing the solar industry's lowest energy costs, low-voltage safety and low installation cost.

Buy -
Mergr

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