M&A Deal Summary

Enverus Acquires CRCL Solutions

On August 9, 2023, Enverus acquired information services company CRCL Solutions

Acquisition Highlights
  • This is Enverus’ 5th transaction in the Information Services sector.
  • This is Enverus’ 11th transaction in the United States.
  • This is Enverus’ 1st transaction in Virginia.

M&A Deal Summary
Date 2023-08-09
Target CRCL Solutions
Sector Information Services
Buyer(s) Enverus
Deal Type Add-on Acquisition

Target

CRCL Solutions

Charlottesville, Virginia, United States
CRCL Solutions is a provider of cloud-based algorithms and modeling for wind and solar generation forecasts. CRCL Solutions provides a wide range of advanced forecasting data to help power traders make informed decisions and reduce trading risk. CRCL Solutions was founded in 2021 and is based in Charlottesville, Virginia.

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Buyer(S) 1

Buyer

Enverus

Austin, Texas, United States
Category Company
Founded 1999
Sector Information Services
DESCRIPTION

Enverus is a data, software, and insights company focused on the energy industry. Through its SaaS platform, Enverus provides innovative technologies and predictive/prescriptive analytics, empowering customers to navigate the future. Enverus’ solutions deliver value across upstream, midstream and downstream sectors, enabling the industry to be more collaborative, efficient and competitive. Enverus was founded in 1999 and is based in Austin, Texas.

DEAL STATS #
Overall 15 of 16
Sector (Information Services) 5 of 5
Type (Add-on Acquisition) 14 of 15
State (Virginia) 1 of 1
Country (United States) 11 of 12
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 Rated Power S.L.

Madrid, Spain

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 BidOut

Houston, Texas, United States

BidOut is an AI-powered procurement platform specializing in requests for anything (RFx). The Company's mission is to put more control in the hands of the suppliers and streamline the bidding process for engineering, supply chain and procurement on one easy-to-use platform. BidOut was founded in 2020 and is headquartered in Houston, Texas.

Buy -
Mergr

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