M&A Deal Summary

Power Energy Acquires Nautilus Solar Energy

On July 31, 2019, Power Energy Corp. acquired renewable energy company Nautilus Solar Energy LLC from Virgo Investment Group LLC

Acquisition Highlights
  • This is Power Energy’s 1st transaction in the Renewable Energy sector.
  • This is Power Energy’s 1st transaction in the United States.
  • This is Power Energy’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2019-07-31
Target Nautilus Solar Energy LLC
Sector Renewable Energy
Buyer(s) Power Energy Corp.
Sellers(s) Virgo Investment Group LLC
Deal Type Add-on Acquisition

Target

Nautilus Solar Energy LLC

Summit, New Jersey, United States
website
Nautilus Solar Energy LLC is a national solar acquisition, development, and asset management company. Nautilus focuses on acquiring, developing, executing and managing distributed and utility-scaled generation solar projects. Nautilus Solar Energy LLC was formed in 2006 and is based in Summit, New Jersey.

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Buyer(S) 1

Buyer

Power Energy Corp.

Montreal, Quebec, Canada

website


Category Company
SectorBusiness Services
DESCRIPTION

Power Energy Corp. is an investment holding company that creates long-term value by actively investing in companies driving change towards a more sustainable world.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Virgo Investment Group LLC

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2009
SizeSmall
Type Sector Agnostic
DESCRIPTION

Virgo Investment Group is an opportunistic alternative investment firm focused on investing in and providing credit to middle-market companies. The Firm was formed in 2009 and is based in Redwood Shores, California.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 Bitcentral, Inc.

Newport Beach, California, United States

Bitcentral is a recognized innovator of news content production, automation, distribution, aggregation, and hassle-free video publishing solutions. Bitcentral has demonstrated a unique ability to develop and deploy revolutionary technologies for leading broadcasters. Bitcentral was formed in 1980 and is based in Newport Beach, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Flow Water, Inc.

Ottawa, Ontario, Canada

Flow Water, Inc. is a provider of packaged alkaline spring waters, sold in Tetra-Pak cartons made from renewable-resourced material that are fully recyclable. Flow Water is based in Ottawa, Ontario.

Buy -