M&A Deal Summary

SunGrid Acquires Black Electric

On September 20, 2022, SunGrid acquired construction company Black Electric

Acquisition Highlights
  • This is SunGrid’s 1st transaction in the Construction sector.
  • This is SunGrid’s 1st transaction in the United States.
  • This is SunGrid’s 1st transaction in New York.

M&A Deal Summary
Date 2022-09-20
Target Black Electric
Sector Construction
Buyer(s) SunGrid
Deal Type Add-on Acquisition

Target

Black Electric

Poughkeepsie, New York, United States
website
Black Electric provides electrical contracting services for commercial, industrial, municipal and custom residential electrical customers, including municipal projects, warehouses, water/waste water treatment facilities, medical facilities, retail stores, hotels and spas, equestrian facilities as well as site and infrastructure projects throughout New York State. Black Electric was founded in 1934 and is based in Poughkeepsie, New York.

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Buyer(S) 1

Buyer

SunGrid

Cambridge, Ontario, Canada

website

Category Company
Founded 2011
Sector Construction
DESCRIPTION

SunGrid provides enabling services through development, engineering, construction, and financing. SunGrid was founded in 2011 and is based in Cambridge, Ontario.

DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 RA Electric

Duarte, California, United States

RA Electric is a provider of electrical installations for commercial, institutional, and medical projects. RA Electric was founded in 1980 and is based in Duarte, California.

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