M&A Deal Summary

HyperGrid Acquires Upstream Energy - Portfolio of LA Basin Projects

On October 26, 2022, HyperGrid acquired energy services and equipment company Upstream Energy - Portfolio of LA Basin Projects from Upstream Energy

Acquisition Highlights
  • This is HyperGrid’s 1st transaction in the Energy Services and Equipment sector.
  • This is HyperGrid’s 2nd transaction in the United States.
  • This is HyperGrid’s 2nd transaction in California.

M&A Deal Summary

Date 2022-10-26
Target Upstream Energy - Portfolio of LA Basin Projects
Sector Energy Services and Equipment
Buyer(s) HyperGrid
Sellers(s) Upstream Energy
Deal Type Divestiture

Target

Upstream Energy - Portfolio of LA Basin Projects

Los Angeles, California, United States
Upstream Energy's Portfolio of LA Basin Projects consists of multiple projects representing over 500 MW / 2,000 MWh of capacity, or enough to power 375,000 California homes. Upstream Energy's Portfolio of LA Basin Projects are based in Los Angeles, California.

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Buyer(S) 1

Buyer

HyperGrid

Los Altos, California, United States

Category Company
Founded 2016
Sector Information Technology
DESCRIPTION

HyperGrid is a HyperCloud Intelligent Cloud Management Platform (CMP) that provides powerful capabilities in a single pane of glass for cloud migration planning, cost management, continuous optimization, orchestration, governance, security, and compliance. HyperGrid was founded in 2016 and is based in Los Altos, California.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (California) 2 of 2
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 DCHQ

San Francisco, California, United States

DCHQ, Inc. is an enterprise Docker management solution focusing on enterprise application modeling, deployment, service discovery, and lifecycle management. The platform accelerates IT modernization and provides developers an express pathway to containerizing their monolithic enterprise applications in addition to automating the deployment and management of new microservices architectures. DCHQ was founded in 2014 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Upstream Energy

San Diego, California, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Upstream Energy provides energy production services. Upstream Energy is based in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1