M&A Deal Summary

General Compression Acquires SustainX

On March 30, 2015, General Compression acquired electrical equipment company SustainX from Cadent Energy Partners

Acquisition Highlights
  • This is General Compression’s 1st transaction in the Electrical Equipment sector.
  • This is General Compression’s 1st transaction in the United States.
  • This is General Compression’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2015-03-30
Target SustainX
Sector Electrical Equipment
Buyer(s) General Compression
Sellers(s) Cadent Energy Partners
Deal Type Merger

Target

SustainX

Seabrook, New Hampshire, United States
SustainX, Inc. is an electrical energy storage technology development company. SustainX was founded in 2007 and is based in Seabrook, New Hampshire.

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Buyer(S) 1

Buyer

General Compression

Newton, Massachusetts, United States

Category Company
Founded 2006
Sector Renewable Energy
DESCRIPTION

General Compression, Inc. is a provider of underground caverns for storing compressed air, while seeking to link its storage capabilities with wind power instead of natural gas.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Merger) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

DESCRIPTION

Cadent Energy Partners is a private equity firm that invests in small to medium-sized North American companies in the energy industry. Specific areas of interest include exploration and production; drilling and completion; non-conventional hydrocarbon developments; oilfield services and equipment; oil and gas transportation; refining equipment and services; petroleum products distribution and storage; power equipment and services; and renewable energy. Cadent generally invests between $25 and $75 million per transaction in businesses generating revenues of $10 to $100 million. In addition to providing expansion capital, Cadent also finances private mergers or acquisitions, corporate divestitures or spinouts, and restructuring situations. Cadent Energy was formed in 2003 and is based in Rye Brook, New York.


DEAL STATS #
Overall 5 of 7
Sector (Electrical Equipment) 1 of 1
Type (Merger) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 4 of 6
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-19 Pipeline Supply & Service

Houston, Texas, United States

Pipeline Supply & Service LLC is a providers of industrial products and services to the domestic oil and gas transmission industry. Furthermore, PSS stocks and distributes one of the industry’s most comprehensive and largest industrial and safety product offerings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 Ardent Services

Covington, Louisiana, United States

Ardent Services LLC is a provider of electrical and instrumentation services to hydrocarbon processing plants, offshore oil and gas production platforms, offshore drilling rigs, midstream natural gas infrastructure and industrial process plants.

Sell $205M