M&A Deal Summary

Caterpillar Acquires Tangent Energy Solutions

On May 5, 2022, Caterpillar acquired energy services and equipment company Tangent Energy Solutions

Acquisition Highlights
  • This is Caterpillar’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Caterpillar’s 18th transaction in the United States.
  • This is Caterpillar’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-05-05
Target Tangent Energy Solutions
Sector Energy Services and Equipment
Buyer(s) Caterpillar
Deal Type Add-on Acquisition

Target

Tangent Energy Solutions

Kennett Square, Pennsylvania, United States
Tangent Energy Solutions is a Distributed Energy Resources (DER) company that provides C&I customers with the technology, assets, and managed services needed to identify and capitalize on economic opportunities on the energy grid without disrupting normal operations. Tangent Energy Solutions is based in Kennett Square, Pennsylvania.

Search 201,157 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

Caterpillar

Irving, Texas, United States
Category Company
Founded 1925
Sector Machinery
Employees113,200
Revenue 67.1B USD (2023)
DESCRIPTION
Caterpillar office in Tucson, Arizona.
Caterpillar office in Tucson, Arizona.

Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar principally operates through three product segments. These include Resource Industries, Construction Industries, and Energy & Transportation. Caterpillar also provides financing and related services through its Financial Products segment. Caterpillar was incorporated in 1925 and is based in Irving, Texas.

DEAL STATS #
Overall 38 of 38
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 27 of 27
State (Pennsylvania) 1 of 1
Country (United States) 18 of 18
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-10 CarbonPoint Solutions

West Kingston, Rhode Island, United States

CarbonPoint Solutions is a U.S.-based carbon capture technology company that provides technology to concentrate and capture CO2 for utilization or sequestration. Carbon capture systems using CarbonPoint Solutions’ patented processes can be applied to engines and turbines at oil and gas sites, distributed power and industrial plants, and waste-to-energy sites. CarbonPoint Solutions was formed in 2011 and is based in West Kingston, Rhode Island.

Buy -
Mergr

Product

Company

Legal