M&A Deal Summary

Power Energy Acquires Nautilus Solar Energy

On July 31, 2019, Power Energy acquired renewable energy company Nautilus Solar Energy from Virgo Investment Group

Acquisition Highlights
  • This is Power Energy’s 1st transaction in the Renewable Energy sector.
  • This is Power Energy’s 1st transaction in the United States.
  • This is Power Energy’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-07-31
Target Nautilus Solar Energy
Sector Renewable Energy
Buyer(s) Power Energy
Sellers(s) Virgo Investment Group
Deal Type Add-on Acquisition

Target

Nautilus Solar Energy

Summit, New Jersey, United States
website
Nautilus Solar Energy LLC is a national solar acquisition, development, and asset management company. Nautilus focuses on acquiring, developing, executing and managing distributed and utility-scaled generation solar projects. Nautilus Solar Energy LLC was formed in 2006 and is based in Summit, New Jersey.

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Buyer(S) 1

Buyer

Power Energy

Montreal, Quebec, Canada

website

Category Company
Sector Business Services
DESCRIPTION

Power Energy Corp. is an investment holding company that creates long-term value by actively investing in companies driving change towards a more sustainable world.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Virgo Investment Group

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Virgo Investment Group is an opportunistic alternative investment firm focused on investing in and providing credit to middle-market companies. The Firm was formed in 2009 and is based in Redwood Shores, California.

DEAL STATS #
Overall 1 of 3
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New Jersey) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Transverse Insurance Group

Warren, New Jersey, United States

Transverse Insurance Group serves as a P&C program carrier, partnering with reinsurers and program administrators to provide a broad range of property and casualty products for commercial and personal lines. Transverse Insurance Group was founded in 2018 and is based in Warren, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Flow Alkaline Spring Water

Aurora, Ontario, Canada

Flow Alkaline Spring Water is a provider of packaged alkaline spring waters, sold in Tetra-Pak cartons made from renewable-resourced materials that are fully recyclable. Flow Alkaline Spring Water was founded in 2014 and is based in Aurora, Ontario.

Buy -
Mergr

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