M&A Deal Summary

Edge Autonomy Acquires Adaptive Energy

On August 8, 2022, Edge Autonomy acquired energy services and equipment company Adaptive Energy from Sleeping Bear Capital

Acquisition Highlights
  • This is Edge Autonomy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Edge Autonomy’s 2nd transaction in the United States.
  • This is Edge Autonomy’s 1st transaction in Michigan.

M&A Deal Summary
Date 2022-08-08
Target Adaptive Energy
Sector Energy Services and Equipment
Buyer(s) Edge Autonomy
Sellers(s) Sleeping Bear Capital
Deal Type Add-on Acquisition
Advisor(s) KO Law (Legal)

Target

Adaptive Energy

Ann Arbor, Michigan, United States
Adaptive Energy is a designer and manufacturer of solid oxide fuel cells for backup and portable power applications. Located in Adaptive Energy originating from technology commercialized out of the University of Michigan. Adaptive Energy was founded in 1999 and is based in Ann Arbor, Michigan.

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Buyer(S) 1

Buyer

Edge Autonomy

San Luis Obispo, California, United States
Category Company
Founded 1998
Sector Aerospace
DESCRIPTION

Edge Autonomy is a provider of innovative autonomous systems, advanced optics, and resilient energy solutions to the Department of Defense, U.S. Federal Civilian Agencies, allied governments, academic institutions, and commercial entities. We believe that innovation in all forms, from all sources, and at all stages of development – creates solutions that enable mission success. Our uncrewed technologies are used in nearly 80 countries by government, commercial, and academic customers. Edge Autonomy was founded in 1998 and is based in San Luis Obispo, California.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Jennings Aeronautics

San Luis Obispo, California, United States

Jennings Aeronautics is a provider of Small Unmanned Aerial Systems. Jennings Aeronautics is based in San Luis Obispo, California.

Buy -

Seller(S) 1

SELLER

Sleeping Bear Capital

Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Agnostic
DESCRIPTION

Sleeping Bear Capital is a private equity firm focused on acquiring non-core divestitures as well as venture-backed technology, e-commerce, and business services companies seeking founder or investor liquidit. Sleeping Bear Capital was formed in 2018 and is headquartered in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-08 Venice Longboards

Scottsdale, Arizona, United States

Venice Longboards is a skateboarding e-commerce and lifestyle brand that specializes in electric longboards. Venice Longboards is based in Scottsdale, Arizona.

Buy -
Mergr

Product

Company

Legal