M&A Deal Summary

Comverge Acquires Enerwise Global

On June 28, 2007, Comverge acquired energy services and equipment company Enerwise Global from Endeavor Capital Management for 76M USD

Acquisition Highlights
  • This is Comverge’s 1st transaction in the Energy Services and Equipment sector.
  • This is Comverge’s largest (disclosed) transaction.
  • This is Comverge’s 1st transaction in the United States.
  • This is Comverge’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2007-06-28
Target Enerwise Global
Sector Energy Services and Equipment
Buyer(s) Comverge
Sellers(s) Endeavor Capital Management
Deal Type Add-on Acquisition
Deal Value 76M USD

Target

Enerwise Global

Kennett Square, Pennsylvania, United States
website
Enerwise Global is a provider of managed energy services to commercial and industrial customers.

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Buyer(S) 1

Buyer

Comverge

Norcross, Georgia, United States

website


Category Company
Founded 1974
Sector Utilities
Employees511
DESCRIPTION

Comverge, Inc. is a provider of an integrated set of demand response, energy efficiency and customer engagement solutions that enable electric utilities to ensure grid reliability, lower energy costs, meet regulatory demands and enhance the customer experience. Comverge was founded in 1974 and is based in Norcross, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 CPower Energy Management

Baltimore, Maryland, United States

CPower Energy Management is one of the largest demand response and energy management companies in North America. CPower has over 25 years of experience helping business customers implement customized demand-side management programs with core offerings that provide businesses with the ability to manage peak electricity demand, monetize energy assets, enhance grid reliability and meet their sustainability goals. CPower provides services nationwide across the U.S. to a large, blue-chip customer base of over 1,700 commercial & industrial customers.

Sell -

Seller(S) 1

SELLER

Endeavor Capital Management

Portland, Oregon, United States

website


Category Private Equity Firm
Founded 1988
Size Small
Type Sector Agnostic
DESCRIPTION

Endeavor Capital Management is a private investment firm that targets expansion investments and buyout opportunities valued up to $50 million. Endeavor also looks to acquire portfolios of expansion stage companies from individual, corporate or other private equity investors. Endeavor prefers opportunities located in North America and Europe, and targets businesses operating in the environmental technologies, energy/utilities, communications, software, business process outsourcing, and technology oriented manufacturing and service sectors. The Firm looks to commit $500k to $5 million per transaction. Endeavor Capital Management was formed in 1988 and is based in Westport, Connecticut.


DEAL STATS #
Overall 1 of 4
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2007) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-25 NxtPhase

Vancouver, British Columbia, Canada

NxtPhase is a manufacturer and marketer of optical sensors and digital solutions to the electric power industry that enable improved measurement reliability and management of electric power transmission.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-29 NxtPhase

Vancouver, British Columbia, Canada

NxtPhase is a manufacturer and marketer of optical sensors and digital solutions to the electric power industry that enable improved measurement reliability and management of electric power transmission.

Sell -