Investment Summary

Energy Growth Momentum Invests In Powerside

On December 12, 2023, growth capital firm Energy Growth Momentum invested in electrical equipment company Powerside

Investment Highlights
  • This is Energy Growth Momentum’s 1st transaction in the Electrical Equipment sector.
  • This is Energy Growth Momentum’s 2nd transaction in the United States.
  • This is Energy Growth Momentum’s 1st transaction in California.

Investment Summary

Date 2023-12-12
Target Powerside
Sector Electrical Equipment
Investor(s) Energy Growth Momentum
Deal Type Growth Capital

Target

Powerside

Alameda, California, United States
Powerside provides monitoring solutions that are applicable within both a grid and industrial setting enabling grid operators and users to dynamically view power distortion at the point of grid connection and within their equipment. Powerside was founded in 2002 and is based in Alameda, California.

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Investor(S) 1

DESCRIPTION


DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Growth Capital) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Momentum Pressure Control

Longview, Texas, United States

Momentum Pressure Control is an independent provider of snubbing and safe high-pressure-related services. The Company offers snubbing, rental equipment, and other pressure control services to customers located in the major U.S. shale basins. Momentum Pressure Control was founded in 2007 and is based in Longview, Texas.

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