M&A Deal Summary

American Securities Acquires SOLV Energy

On December 23, 2021, private equity firm American Securities acquired renewable energy company SOLV Energy

Acquisition Highlights
  • This is American Securities’ 2nd transaction in the Renewable Energy sector.
  • This is American Securities’ 73rd transaction in the United States.
  • This is American Securities’ 6th transaction in California.

M&A Deal Summary
Date 2021-12-23
Target SOLV Energy
Sector Renewable Energy
Buyer(s) American Securities
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Lazard Ltd. (Financial)
Farella Braun + Martel (Legal)

Target

SOLV Energy

San Diego, California, United States
SOLV Energy offers engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services for solar photovoltaic plants throughout North America. SOLV Energy was founded in 2008 and is based in San Diego, California.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 74 of 80
Sector (Renewable Energy) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 28 of 28
State (California) 6 of 7
Country (United States) 73 of 79
Year (2021) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Hexion

Columbus, Ohio, United States

Hexion engages in the production of thermoset resins. Hexion serves the global adhesive, coatings, composites, and industrial markets through a broad range of thermoset technologies, specialty products, and technical support for customers in a diverse range of applications and industries. Hexion was established in 1857 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 Chromaflo Technologies

Ashtabula, Ohio, United States

Chromaflo Technologies is a supplier of colorant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset composites market. Chromaflo Technologies was founded in 2012 and is based in Ashtabula, Ohio.

Sell -
Mergr

Product

Company

Legal