M&A Deal Summary

Pilot Wave Holdings Acquires Cormorant Atlantic Utility Services

On March 18, 2021, Pilot Wave Holdings acquired utilities company Cormorant Atlantic Utility Services from Cormorant Utility Services

Acquisition Highlights
  • This is Pilot Wave Holdings’ 1st transaction in the Utilities sector.
  • This is Pilot Wave Holdings’ 1st transaction in Canada.
  • This is Pilot Wave Holdings’ 1st transaction in Ontario.

M&A Deal Summary

Date 2021-03-18
Target Cormorant Atlantic Utility Services
Sector Utilities
Buyer(s) Pilot Wave Holdings
Sellers(s) Cormorant Utility Services
Deal Type Divestiture

Target

Cormorant Atlantic Utility Services

Cambridge, Ontario, Canada
Cormorant Atlantic Utility Services Corp. (CAUSC) is a provider of comprehensive transmission and distribution services to the utility industry.

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Buyer(S) 1

Buyer

Pilot Wave Holdings

Walpole, Massachusetts, United States

website


Category Company
Founded 2019
Sector Business Services
DESCRIPTION

Pilot Wave Holdings is an acquisition firm dedicated to bringing modern technology to small businesses. Comprised of hybrid investment professionals, operators, and technologists, the team partners with exceptional management to grow businesses and help them continue to be competitive in the technological age. Pilot Wave Holdings was formed in 2019 and is based in Walpole, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Tapuya Brands

New York, New York, United States

Tapuya Brands is a data-driven acquisition company focused on Amazon businesses. Tapuya Brands uses its own proprietary technology to create consumer-centric brands with increased value in brand equity. Tapuya Brands focuses on consumer shopping behavior and Amazon sellers who have a direct relationship with their customer base. Tapuya Brands is based in New York City.

Buy -

Seller(S) 1

SELLER

Cormorant Utility Services

Cambridge, Ontario, Canada

website


Category Company
Founded 2016
Sector Utilities
DESCRIPTION

Cormorant Utility Services is a divesting company that provides comprehensive solutions to the power utility sector through five operating companies: PowerTel, EPTCON, OneLine Engineering, PowerTraxx and, Cormorant Atlantic. Cormorant Utility Services was formed in 2016 and is based in Cambridge, Ontario.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1