M&A Deal Summary

ENGIE North America Acquires Genbright

On May 15, 2019, ENGIE North America acquired utilities company Genbright

Acquisition Highlights
  • This is ENGIE North America’s 1st transaction in the Utilities sector.
  • This is ENGIE North America’s 6th transaction in the United States.
  • This is ENGIE North America’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-05-15
Target Genbright
Sector Utilities
Buyer(s) ENGIE North America
Deal Type Add-on Acquisition

Target

Genbright

Hingham, Massachusetts, United States
Genbright LLC is a pioneer in the integration of distributed energy into the power markets and its commercialization to the benefit of all managing a range of technologies, including solar, hydro, low-emissions back-up generation, battery storage, and thermal storage.

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Buyer(S) 1

Buyer

ENGIE North America

Houston, Texas, United States
Category Company
Founded 1981
Sector Energy Services and Equipment
DESCRIPTION

ENGIE North America, Inc. manages a range of energy businesses in the United States and Canada, including low- or carbon-free electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, retail energy sales, and services to help customers run their facilities more efficiently and optimize energy use and expense.

DEAL STATS #
Overall 6 of 7
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Massachusetts) 1 of 1
Country (United States) 6 of 7
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-08 Systecon

West Chester, Ohio, United States

Systecon LLC is a manufacturer of custom modular utility solutions, including modular central plants, CritiChill® modular indirect evaporative cooling, custom modular pumping systems, central plant controls, and standard pump packages. Systecon was founded in 1949 and is based in West Chester, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Conti

Sterling Heights, Michigan, United States

Conti Corp. is an electrical controls integrator specialized in providing turnkey solutions for conveyor, process, and tooling control systems. Conti Corp. was formed in 1969 and is based in Sterling Heights, Michigan.

Buy -
Mergr

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