M&A Deal Summary

ENGIE Acquires Trystate Mechanical

On September 15, 2017, ENGIE acquired construction company Trystate Mechanical from Talen Energy

Acquisition Highlights
  • This is ENGIE’s 5th transaction in the Construction sector.
  • This is ENGIE’s 9th transaction in the United States.
  • This is ENGIE’s 2nd transaction in New York.

M&A Deal Summary
Date 2017-09-15
Target Trystate Mechanical
Sector Construction
Buyer(s) ENGIE
Sellers(s) Talen Energy
Deal Type Divestiture

Target

Trystate Mechanical

Yonkers, New York, United States
Trystate Mechanical, Inc. is a premier full-service HVAC contractor providing installation and maintenance of air conditioning and heating systems throughout the New York metro market. Trystate Mechanical was founded in 1976 and is based in Yonkers, New York.

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Buyer(S) 1

Buyer

ENGIE

Courbevoie, France
Category Company
Founded 1880
Sector Utilities
Employees97,000
Revenue 82.6B EUR (2023)
DESCRIPTION

ENGIE is a French utility company. ENGIE provides electricity generation and distribution, natural gas and renewable energy. ENGIE was founded in 1880 and is based in Courbevoie, France.

DEAL STATS #
Overall 21 of 31
Sector (Construction) 5 of 5
Type (Divestiture) 6 of 7
State (New York) 2 of 2
Country (United States) 9 of 10
Year (2017) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-15 B-G Mechanical Contractors

Chicopee, Massachusetts, United States

B-G Mechanical Contractors, Inc. is a designer, installation, and maintenance of energy efficient air conditioning, plumbing, and heating systems for commercial, industrial, and institutional clients throughout New England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-23 MesDépanneurs.fr

France

MesDépanneurs.fr is a platform for emergency repair services. MesDépanneurs.fr was established in 2013 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Talen Energy

Allentown, Pennsylvania, United States
Category Company
Sector Utilities
Employees4,981
Revenue 4.5B USD (2015)
DESCRIPTION

Talen Energy is a competitive energy and power generation companies in the United States.

DEAL STATS #
Overall 9 of 11
Sector (Construction) 3 of 3
Type (Divestiture) 9 of 11
State (New York) 2 of 2
Country (United States) 9 of 11
Year (2017) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-15 B-G Mechanical Contractors

Chicopee, Massachusetts, United States

B-G Mechanical Contractors, Inc. is a designer, installation, and maintenance of energy efficient air conditioning, plumbing, and heating systems for commercial, industrial, and institutional clients throughout New England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-02 Interstate Energy

Pottstown, Pennsylvania, United States

Interstate Energy Co. LLC owns and operates an existing 84-mile pipeline in southeastern Pennsylvania. Interstate Energy Co. is based in Pottstown, Pennsylvania.

Sell -
Mergr

Product

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