M&A Deal Summary

Pegasus Capital Advisors Acquires Accordant Energy

On January 1, 2013, private equity firm Pegasus Capital Advisors acquired renewable energy company Accordant Energy

Acquisition Highlights
  • This is Pegasus Capital Advisors’ 1st transaction in the Renewable Energy sector.
  • This is Pegasus Capital Advisors’ 20th transaction in the United States.
  • This is Pegasus Capital Advisors’ 1st transaction in Vermont.

M&A Deal Summary

Date 2013-01-01
Target Accordant Energy
Sector Renewable Energy
Buyer(s) Pegasus Capital Advisors
Deal Type Buyout (LBO, MBO, MBI)

Target

Accordant Energy

Rutland, Vermont, United States
website
Accordant Energy LLC is a fuel technology company offering an innovative, renewable fuel ReEngineered Feedstock to enable cleaner power generation. The company's ReEF is developed and manufactured by the company’s proprietary technology for specific applications including gasification and combustion. The process accepts post recycling materials, which are then further processed in an Advanced Product Manufacturing (“APM”) plant to produce the specified ReEF product incorporating carefully controlled air-emission control sorbents. Accordant Energy was formed in 2011 and is based in Rutland, Vermont.

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Buyer(S) 1

DESCRIPTION

Pegasus Capital Advisors is a private equity firm focused on providing equity and junior capital to middle-market companies across a wide variety of industries. Pegasus looks to commit between $50 and $150 million per transaction. Sectors of interest include building materials, consumer products/services, energy, financial services/insurance, IT, marketing/communications, metals/minerals, and safety/security. Pegasus was formed in 1995 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 25 of 31
Sector (Renewable Energy) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 21 of 24
State (Vermont) 1 of 1
Country (United States) 20 of 25
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-07 Pure Biofuels del Perú SAC

San Isidro, Peru

Pure Biofuels del Perú SAC is specializes in liquid fuels storage, distribution and marketing, and biodiesel production in Peru. Core assets include a 15-tank barrel liquid storage terminal with over 700,000 barrels of storage capacity, a private port facility, and two biodiesel production facilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 iGPS

Orlando, Florida, United States

iGPS operates the world’s first pallet rental service providing shippers and receivers with lightweight, 100 percent recyclable all-plastic pallets with embedded RFID tags. Its highly engineered platform—the world’s most advanced shipping pallet—is rapidly replacing wood as the platform of choice among the world’s most innovative companies. Businesses that switch from wood pallets to iGPS realize game-changing savings—as much as $2 per unitized load—thanks to lower transport costs, reduced production downtime, reduced product damage and fewer rejected loads. iGPS was founded in 2006 and is based in Orlando, Florida.

Sell -