M&A Deal Summary

Yes Energy Acquires Power Settlements

On April 23, 2024, Yes Energy acquired information technology company Power Settlements

Acquisition Highlights
  • This is Yes Energy’s 1st transaction in the Information Technology sector.
  • This is Yes Energy’s 2nd transaction in the United States.
  • This is Yes Energy’s 1st transaction in California.

M&A Deal Summary
Date 2024-04-23
Target Power Settlements
Sector Information Technology
Buyer(s) Yes Energy
Deal Type Add-on Acquisition

Target

Power Settlements

Glendora, California, United States
website
Power Settlements provides software solutions to energy companies that participate in organized wholesale power markets. The company’s SettleCore system is a bid-to-bill system that incorporates robust functionality for bidding, scheduling, ISO data downloading, shadow settlements, reporting, and visual analytics. SettleCore is in use at investor-owned utilities, municipalities, cooperatives, independent power producers, community choice aggregators, and hedge funds. Power Settlement is based in Glendora, California.

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Buyer(S) 1

Buyer

Yes Energy

Boulder, Colorado, United States

website

Category Company
Founded 2008
Sector Information Technology
DESCRIPTION

Yes Energy is a power market data company with a mission to deliver nodal power traders powerful, insightful, actionable data. The company offers robust, high-quality data for companies participating in data-intensive commodity markets on the globe. It creates innovative solutions to power the businesses of not only traders, but any company seeking to market, originate, develop or operate energy infrastructure, or simply to better understand the inner workings of this supercritical industry. Yes Energy was formed in 2008 and is based in Boulder, Colorado.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Live Power

Boulder, Colorado, United States

Live Power provides 60-second generation and transmission flow data for real-time decision-makers. In PJM, MISO, SPP, and ERCOT, Live Power monitors more of the grid than the competition and monitors plants and lines that matter in today’s real-time market. Live Power is based in Boulder, Colorado.

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