M&A Deal Summary

Intertek Acquires Clean Energy Associates

On July 29, 2022, Intertek acquired energy services and equipment company Clean Energy Associates

Acquisition Highlights
  • This is Intertek’s 4th transaction in the Energy Services and Equipment sector.
  • This is Intertek’s 29th transaction in the United States.
  • This is Intertek’s 1st transaction in Colorado.

M&A Deal Summary

Date 2022-07-29
Target Clean Energy Associates
Sector Energy Services and Equipment
Buyer(s) Intertek
Deal Type Add-on Acquisition

Target

Clean Energy Associates

Denver, Colorado, United States
Clean Energy Associates is an independent provider of quality assurance, supply chain traceability, and technical services to the solar energy and energy storage sectors. Clean Energy Associates was founded in 2008 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Intertek

London, United Kingdom

Category Company
Founded 1885
Sector Business Services
Employees43,597
Revenue 3.3B GBP (2023)
DESCRIPTION

Intertek provides global testing, inspection, and certification services. The Company provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations. Intertek was founded in 1885 and is based in London, England.


DEAL STATS #
Overall 90 of 91
Sector (Energy Services and Equipment) 4 of 4
Type (Add-on Acquisition) 72 of 73
State (Colorado) 1 of 1
Country (United States) 29 of 29
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 JLA Brazil

São Paulo, Brazil

JLA Brazil is an independent provider of Food, Agri, and Environmental testing solutions. JLA serves as a trusted partner to some of the world’s leading Fast Moving Consumer Goods (FMCG) companies, providing a range of microbiological, chemical testing, and inspection services from its laboratories and sample collection points. JLA Brazil is established in 1990 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Base Met Labs

Kamloops, British Columbia, Canada

Base Met Labs is a provider of metallurgical testing services. Base Met Labs’ specialist focus on metallurgy capabilities complements Intertek’s existing strengths in geochemistry, mine site laboratories and trade inspection, creating attractive commercial synergies within Intertek’s high-quality service portfolio. Base Met Labs was founded in 2014 and is based in Kamloops, British Columbia.

Buy -