Investment Summary

GFI Energy Ventures Exits IEA

On March 26, 2018, invested in infrastructure company IEA from GFI Energy Ventures

Investment Highlights
  • This is transaction in the Infrastructure sector.
  • This is transaction in the United States.
  • This is transaction in Illinois.
Investment Fate
  • IEA was sold to a strategic buyer in 2022 for 1.1B USD.

Investment Summary

Date 2018-03-26
Target IEA
Sector Infrastructure
Sellers(s) GFI Energy Ventures
Deal Type IPO

Target

IEA

Westchester, Illinois, United States
IEA was formed to build an integrated portfolio of energy and infrastructure construction companies. Since its formation, the company has demonstrated its ability to grow organically and execute numerous successful strategic acquisitions. IEA was formed in 2011 and is based in Westchester, Illinois.

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Seller(S) 1

SELLER

GFI Energy Ventures

Los Angeles, California, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

GFI Energy Ventures is a specialist private investment firm focused on businesses surrounding the energy industry. GFI generally looks to acquire a controlling or significant interest in private companies or business units of public companies. Energy sub-sectors of interest include power quality/power conversion; energy measurement and control; transmission and distribution optimization; and information systems/transaction support. GFI seeks opportunities with at least $50 million in revenue and valued up to $500 million. The Firm will not invest in start-ups, turnarounds, unproven technology, or investments requiring less than $30 million of equity capital. GFI Energy Ventures was formed in 1995 and is based in Los Angeles, California. GFI Energy Ventures was acquired by Oaktree Capital Management in 2009.


DEAL STATS #
Overall 25 of 30
Sector: Infrastructure M&A 2 of 2
Type: IPO M&A Deals 5 of 5
State: Illinois M&A 2 of 2
Country: United States M&A 23 of 28
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 tenKsolar

Minneapolis, Minnesota, United States

tenKsolar designs, manufactures and markets high efficiency and highly reliable photovoltaic solutions based on its proprietary RAIS module technology. The company offers complete, turnkey commercial rooftop solar PV arrays providing the solar industry's lowest energy costs, low-voltage safety and low installation cost.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Shermco Industries

Irving, Texas, United States

Shermco Industries is a provider of electrical testing, maintenance, commissioning, and repair services to a wide range of utility, industrial, energy, and other end markets across North America. The Company is an active participant in the InterNational Electrical Testing Association, Electrical Apparatus Service Association, and American Wind Energy Association. Shermco Industries was founded in 1974 and is based in Irving, Texas.

Sell -