M&A Deal Summary

Allied Industrial Partners and Bluestem Equity Acquire CES Power

On July 22, 2021, private equity firm Allied Industrial Partners and growth capital firm Bluestem Equity acquired utilities company CES Power from Ring Power

Acquisition Highlights
  • This is Allied Industrial Partners’ 1st and Bluestem Equity’s 2nd transaction in the Utilities sector.
  • This is Allied Industrial Partners’ 2nd and Bluestem Equity’s 2nd transaction in the United States.
  • This is Allied Industrial Partners’ 1st and Bluestem Equity’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2021-07-22
Target CES Power
Sector Utilities
Buyer(s) Allied Industrial Partners
Bluestem Equity
Sellers(s) Ring Power
Deal Type Divestiture

Target

CES Power

Memphis, Tennessee, United States
CES Power is a provider of specialty mobile power generation, power distribution, and temperature control services. CES Power was founded in 2000 and is based in Memphis, Tennessee.

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Buyer(S) 2

DESCRIPTION

Allied Industrial Partners is a private investment firm focused on control investments in lower middle-market in manufacturing, distribution and industrial service companies. Allied targets profitable businesses throughout the US with $5 to $30 million of EBITDA. Specific areas of interest include automation, environmental services, industrial rental, power generation/distribution, renewable energy, and water infrastructure. Allied Industrial Partners was established in 2019 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 2 of 6
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 2
Country (United States) 2 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Dovetail Infrastructure Services

Houston, Texas, United States

Dovetail Infrastructure Services is a platform for developing and operating midstream and water infrastructure assets across the United States. Dovetail Infrastructure Services is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 Waste Eliminator

Gainesville, Georgia, United States

Waste Eliminator is a regional provider of solid waste hauling, disposal and recycling services for commercial and industrial waste generators throughout Metro-Atlanta. With two state-of-the-art material recovery facilities, the Company is the premier provider of recycling services in Metro-Atlanta and is the go-to service provider for assisting a diverse set of clients in achieving their sustainability goals. Waste Eliminator was formed in 2006 and is based in Gainesville, Georgia.

Buy -
DESCRIPTION


DEAL STATS #
Overall 2 of 4
Sector (Utilities) 2 of 2
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 2 of 4
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 VoltaGrid

Houston, Texas, United States

VoltaGrid is an advanced energy management and generation company that is developing an innovative platform to provide power, energy storage, and emissions reductions for the pressure pumping, remote mining, utility, and distributed generation industries. VoltaGrid was founded in 2020 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Tridom

Houston, Texas, United States

Tridom provides innovative roofing and sealing solutions serving commercial and residential markets in Texas and the Southeast. Tridom is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Ring Power

Saint Augustine, Florida, United States

Category Company
Sector Automotive
DESCRIPTION

Ring Power is a U.S. Caterpillar dealer. Ring Power is based in Saint Augustine, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1