M&A Deal Summary

PowerSecure International Acquires ESCO Energy Services

On December 2, 2015, PowerSecure International acquired energy services and equipment company ESCO Energy Services from ForceField for 2M USD

Acquisition Highlights
  • This is PowerSecure International’s 1st transaction in the Energy Services and Equipment sector.
  • This is PowerSecure International’s largest (disclosed) transaction.
  • This is PowerSecure International’s 2nd transaction in the United States.
  • This is PowerSecure International’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2015-12-02
Target ESCO Energy Services
Sector Energy Services and Equipment
Buyer(s) PowerSecure International
Sellers(s) ForceField
Deal Type Divestiture
Deal Value 2M USD

Target

ESCO Energy Services

Lenox, Massachusetts, United States
website
ESCO Energy Services Co. is a provider of full turnkey energy efficiency services that encompass energy audits, engineering, design, materials procurement, project management, installation, metering, measurement, energy savings verification, project funding and utility rebate processing.

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Buyer(S) 1

Buyer

PowerSecure International

Wake Forest, North Carolina, United States

website


Category Company
Founded 1991
Sector Electrical Equipment
Employees790
Revenue 256M USD (2014)
DESCRIPTION

PowerSecure International, Inc. is a provider of utility and energy technologies to electric utilities and their industrial, institutional, and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), energy efficiency and utility infrastructure.


DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-15 Solais Lighting

Stamford, Connecticut, United States

Solais Lighting, Inc. is a manufacturer of specification-grade LED fixtures and lamps.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-07 Power Pro-Tech Services

Altamonte Springs, Florida, United States

Power Pro-Tech Services is the largest generator maintenance service provider with an in-house technician force and expertise in the servicing of distributed power systems including generators, switchgear, solar inverters and fuel cells. The Company has a large and loyal customer base in industries ranging from data centers to hospitals, telecommunications, cable, property management, retail and beyond.

Buy -

Seller(S) 1

SELLER

ForceField

Coconut Creek, Florida, United States

website


Category Company
Founded 2007
Sector Energy Services and Equipment
Employees58
Revenue 9M USD (2014)
DESCRIPTION

ForceField is a global company whose products and solutions focus on sustainable energy solutions and improved energy efficiency. ForceField was founded in 2007 and is based in Coconut Creek, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-20 ESCO Energy Services

Lenox, Massachusetts, United States

ESCO Energy Services Co. is a provider of full turnkey energy efficiency services that encompass energy audits, engineering, design, materials procurement, project management, installation, metering, measurement, energy savings verification, project funding and utility rebate processing.

Buy $8M