M&A Deal Summary

Blink Charging Acquires SemaConnect

On June 14, 2022, Blink Charging acquired electrical equipment company SemaConnect from Greenbelt Capital Partners and Trilantic North America for 200M USD

Acquisition Highlights
  • This is Blink Charging’s 2nd transaction in the Electrical Equipment sector.
  • This is Blink Charging’s largest (disclosed) transaction.
  • This is Blink Charging’s 1st transaction in the United States.
  • This is Blink Charging’s 1st transaction in Maryland.

M&A Deal Summary

Date 2022-06-14
Target SemaConnect
Sector Electrical Equipment
Buyer(s) Blink Charging
Sellers(s) Greenbelt Capital Partners
Trilantic North America
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

SemaConnect

Bowie, Maryland, United States
SemaConnect is a provider of electric vehicle charging stations and network software management across North America. SemaConnect was founded in 2008 and is based in Bowie, Maryland.

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Buyer(S) 1

Buyer

Blink Charging

Bowie, Maryland, United States

Category Company
Founded 2009
Sector Electrical Equipment
Employees684
Revenue 140M USD (2023)
DESCRIPTION

Blink Charging is an owner, operator, and provider of electric vehicle (EV) charging equipment and services. Blink Charging’s principal line of products and services include its Blink EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink Charging was incorporated in 2009 and is based in Bowie, Maryland.


DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Blue Corner

Antwerpen, Belgium

Blue Corner is a provider of charging points for electric vehicles. Based on its sustainable mission, the supplier and manager of EV charging facilities want to make electric driving easy and accessible for everyone. Blue Corner focuses on smart and comprehensive 360° solutions with subscriptions for professionals, the general public, and partners. Its rapidly growing network has over 7,000 charging points spread across Belgium, the Netherlands, Luxembourg, and France. Blue Corner's public charging card makes a total of 250,000 charging points accessible in the rest of Europe. Blue Corner was founded in 2011 and is based in Antwerpen, Belgium.

Buy €20M

Seller(S) 2

SELLER
DESCRIPTION

Greenbelt Capital Partners is a specialist investment firm focused on the energy sector. The Firm typically seeks control investments, and commits $50 to $150 million per transaction. Greenbelt considers a variety of transaction types, including management buyouts, generational transitions, recapitalizations, and growth equity. Greenbelt Capital Partners was founded in 2021 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 ION Solar

Provo, Utah, United States

ION Solar is a full-service solar company that offers the highest-quality solar systems with world-class support. ION Solar was founded in 2013 and is based in Provo, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Powin

Tualatin, Oregon, United States

Powin is a provider in the design and manufacture of safe and scalable energy storage solutions. Our innovative and cost-effective hardware and software are revolutionizing the way energy is generated, transmitted, and distributed, helping the world achieve decarbonization objectives. Powin was founded in 1989 and is based in Tualatin, Oregon.

Buy -
SELLER

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.


DEAL STATS #
Overall 22 of 23
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 11 of 11
State (Maryland) 1 of 1
Country (United States) 21 of 22
Year (2022) 1 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Addison Group

Chicago, Illinois, United States

Addison Group delivers the expertise and talent that companies need to achieve and sustain business growth, offering a full suite of consulting services and talent solution capabilities across multiple sectors, including information technology, finance and accounting, healthcare, human resources, administrative, and digital marketing. Addison Group was formed in 1999 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Powin

Tualatin, Oregon, United States

Powin is a provider in the design and manufacture of safe and scalable energy storage solutions. Our innovative and cost-effective hardware and software are revolutionizing the way energy is generated, transmitted, and distributed, helping the world achieve decarbonization objectives. Powin was founded in 1989 and is based in Tualatin, Oregon.

Buy -