M&A Deal Summary

ENGIE North America Acquires SoCore Energy

On March 5, 2018, ENGIE North America acquired renewable energy company SoCore Energy from Edison International

Acquisition Highlights
  • This is ENGIE North America’s 2nd transaction in the Renewable Energy sector.
  • This is ENGIE North America’s 2nd transaction in the United States.
  • This is ENGIE North America’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-03-05
Target SoCore Energy
Sector Renewable Energy
Buyer(s) ENGIE North America
Sellers(s) Edison International
Deal Type Divestiture
Advisor(s) Marathon Capital LLC (Financial)

Target

SoCore Energy

Chicago, Illinois, United States
SoCore Energy LLC is a provider of solar portfolio development and commercial rooftop installations. Focused exclusively on the solar energy needs of multisite retailers, REITs and industrial clients, SoCore combines engineering excellence and financial innovation to reduce the operational and bottom-line expense of solar energy implementation, cut energy costs and hedge against utility-rate increases.

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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 2 of 7
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 7
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-20 Infinity Renewables

Santa Barbara, California, United States

Infinity Renewables LLC is a developer of utility-scale wind projects in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Unity International Group

Flushing, New York, United States

Unity International Group, Inc. is specializes in electrical system construction; data and telecommunications systems construction; management of mission-critical power infrastructure; building-wide maintenance of electrical, mechanical, and energy management equipment; and enterprise-scale IT infrastructure support and services.

Buy -

Seller(S) 1

SELLER

Edison International

Rosemead, California, United States
Category Company
Founded 1886
Sector Utilities
Employees13,003
Revenue 16.3B USD (2023)
DESCRIPTION

Edison International through its subsidiaries, is a generator and distributor of electric power and an investor in infrastructure and energy assets, including renewable energy. Edison International was founded in 1886 and is based in Rosemead, California.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 SoCore Energy

Chicago, Illinois, United States

SoCore Energy LLC is a provider of solar portfolio development and commercial rooftop installations. Focused exclusively on the solar energy needs of multisite retailers, REITs and industrial clients, SoCore combines engineering excellence and financial innovation to reduce the operational and bottom-line expense of solar energy implementation, cut energy costs and hedge against utility-rate increases.

Buy -
Mergr

Product

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