M&A Deal Summary

ReVolve Acquires CBS Mexico

On May 26, 2022, ReVolve acquired energy services and equipment company CBS Mexico from Centrica for 33M MXN

Acquisition Highlights
  • This is ReVolve’s 1st transaction in the Energy Services and Equipment sector.
  • This is ReVolve’s largest (disclosed) transaction.
  • This is ReVolve’s 1st transaction in Mexico.

M&A Deal Summary
Date 2022-05-26
Target CBS Mexico
Sector Energy Services and Equipment
Buyer(s) ReVolve
Sellers(s) Centrica
Deal Type Add-on Acquisition
Deal Value 33M MXN

Target

CBS Mexico

Mexico City, Mexico
website
CBS Mexico delivers integrated energy solutions that balance profitability and sustainability. Bringing together the right combination of technologies and approaches helps organizations get the most from their energy and drive the most value from their energy infrastructure, helping clients solve their energy challenges and harness new opportunities in a changing world. CBS Mexico is based in Mexico City, Mexico.

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Buyer(S) 1

Buyer

ReVolve

Dublin, Ireland

website

Category Company
Founded 2012
Sector Renewable Energy
DESCRIPTION

ReVolve is focused on developing utility-scale renewable energy generation projects in North America with a particular focus on wind, solar, and battery storage technologies. The Company has also recently established ReVolve Renewable Business Solutions, a division dedicated to the development and operation of distributed generation and sub-20MW renewable energy projects in the US and Mexico. It currently has a portfolio of 3.3 gigawatts ("GW") of projects under active development and a further 1GW of greenfield opportunities, which it is in the process of converting to its pipeline in the near term. ReVolve was formed in 2012 and is based in Dublin, Ireland.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Mexico) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 ReVolve Renewable Power - Utility Scale Solar and Storage Projects

Dublin, Ireland

ReVolve Renewable Power - Utility Scale Solar and Storage Projects includes 250MW Parker Solar and Storage Project (the "Parker Project") and the 1,000MW Bouse Solar and Storage Project based in Dublin, Ireland.

Sell -

Seller(S) 1

SELLER

Centrica

Windsor, United Kingdom

website

Category Company
Founded 1812
Sector Utilities
Employees19,899
Revenue 14.7B GBP (2021)
DESCRIPTION

Centrica is a utility company that serves customers in the UK, North America, and Norway .Our aim is to meet our customers’ energy needs and deliver long-term value to our shareholders. Centrica was iincorporated in 1812 and is headquartered in Windsor, the United Kingdom.

DEAL STATS #
Overall 4 of 4
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Mexico) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Io-Tahoe

New York, New York, United States

Io-Tahoe is an Enterprise Data Automation software, harnessing the power of our patented data automation technologies to help organizations empower employees to achieve more. Io-Tahoe was founded in 2017 and is based in New York City.

Sell -
Mergr

Product

Company

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