M&A Deal Summary

AM Conservation Group Acquires GoodCents Concepts

On July 28, 2015, AM Conservation Group acquired energy services and equipment company GoodCents Concepts from GFI Energy Ventures and Oaktree Capital Management

Acquisition Highlights
  • This is AM Conservation Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is AM Conservation Group’s 2nd transaction in the United States.
  • This is AM Conservation Group’s 1st transaction in Georgia.

M&A Deal Summary
Date 2015-07-28
Target GoodCents Concepts
Sector Energy Services and Equipment
Buyer(s) AM Conservation Group
Sellers(s) GFI Energy Ventures
Oaktree Capital Management
Deal Type Add-on Acquisition

Target

GoodCents Concepts

Atlanta, Georgia, United States
GoodCents Concepts, Inc. is a provider of energy efficiency and demand response programs for electric utilities.

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Buyer(S) 1

Buyer

AM Conservation Group

Charleston, South Carolina, United States
Category Company
Founded 1989
Sector Environmental
DESCRIPTION

AM Conservation Group is a provider of products and services to utilities and municipalities. The company was formed on principles of customer service and energy conservation. AM Conservation Group was formed in 1989 and is based in Charleston, South Carolina.

DEAL STATS #
Overall 2 of 4
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Georgia) 1 of 1
Country (United States) 2 of 4
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Niagara Conservation - Energy and Water Conservation Products

United States

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 Evolve Technologies

Scottsdale, Arizona, United States

Evolve Technologies is a provider of innovative patented technologies and products for water and energy conservation. Evolve Technologies is based in Scottsdale, Arizona.

Buy -

Seller(S) 2

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 23 of 30
Sector (Energy Services and Equipment) 5 of 5
Type (Add-on Acquisition) 17 of 18
State (Georgia) 2 of 2
Country (United States) 21 of 28
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Energy Solutions International

Houston, Texas, United States

Energy Solutions International, Inc. is a provider of pipeline management software services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 CLS Management Services

Sugar Land, Texas, United States

CLS Management Services is one of the largest independent providers of the right of way and land management consulting services in the U.S. The Company provides a comprehensive suite of land management services including project management, right of way acquisition, training, staffing, and related field services to both public and private sector clients in the utility, public infrastructure, and energy end-markets. CLS Management Services was founded in 1985 and is based in Sugar Land, Texas.

Buy -
SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.

DEAL STATS #
Overall 44 of 77
Sector (Energy Services and Equipment) 3 of 4
Type (Add-on Acquisition) 24 of 31
State (Georgia) 4 of 4
Country (United States) 34 of 53
Year (2015) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Campofrio Food Group SA

Madrid, Spain

Campofrio Food Group SA is one of the largest companies in the processed meats sector, company are in many ways, the industry standard because of in-depth knowledge of customers and consumers which allows to generate growth opportunities in all markets, and to deliver goal: to become one of the leading European food companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-14 Countryside Partnerships

Brentwood, United Kingdom

Countryside Partnerships is a provider of private and affordable homes on greenfield and brownfield sites through partnerships with landowners, local authorities, and registered providers. Countryside Partnerships was incorporated in 1958 and is based in Brentwood, United Kingdom.

Sell -
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