M&A Deal Summary |
|
|---|---|
| Date | 2021-04-29 |
| Target | Communications Systems - Transition Networks & Net2Edge Businesses |
| Sector | Technology Hardware |
| Buyer(s) | Lantronix |
| Sellers(s) | Pineapple Holdings |
| Deal Type | Divestiture |
| Deal Value | 32M USD |
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| Category | Company |
|---|---|
| Founded | 1989 |
| Sector | Information Technology |
| Employees | 357 |
| Revenue | 131M USD (2023) |
Lantronix is a provider of secure data access and management solutions for the Internet of Things (IoT) assets. Lantronix is a leading supplier of IoT solutions that enable companies to dramatically simplify the creation, deployment, and management of IoT projects. Lantronix was founded in 1989 and is based in Irvine, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Technology Hardware) | 2 of 3 |
| Type (Divestiture) | 1 of 1 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-31 |
Intrinsyc Technologies
Vancouver, British Columbia, Canada Intrinsyc Technologies Corp. provides comprehensive product development services, as well as the industry’s highest-performance edge, AI computing modules, to enable rapid commercialization of intelligent IoT products. Intrinsyc has successfully delivered over 1,400 client projects including sophisticated consumer and industrial IoT products like robotics, connected cameras, smart displays, augmented reality, smart buildings, wearables, in-vehicle infotainment, and many others. |
Buy | $27M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-12 |
Uplogix
Irving, California, United States Uplogix provides a fully-integrated remote management solution. Uplogix's co-located management appliances automate routine administration, maintenance, and recovery tasks securely and regardless of network availability. Uplogix was founded in 2003 and is based in Irving, California. |
Buy | $8M |
| Category | Company |
|---|---|
| Sector | Technology Hardware |
| Employees | 203 |
| Revenue | 51M USD (2019) |
Pineapple Holdings is a provider photovoltaic solar energy systems to residential homeowners in the United States. It offers a range of installation services, including design, engineering, procurement, permitting, construction, grid connection, warranty, monitoring, and maintenance of residential solar energy systems. The company also offers battery storage products and energy management control devices on solar systems that are paired with batteries. Pineapple Holdings is based in Minnetonka, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Technology Hardware) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Minnesota) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-02 |
Pineapple Energy
St. Paul, Minnesota, United States Pineapple Energy is a US operator and consolidator of residential solar, battery storage, and grid services solutions. Through its unique “battery-first” business model, Pineapple will offer compelling residential solar power systems, with longer-term plans to aggregate its customer fleet into regional virtual power plants. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-10 |
SUNation
Ronkonkoma, New York, United States SUNation Energy is a residential and commercial solar installer in the state of New York. SUNation Service is a division of SUNation Energy that provides a wide range of services that are necessary for maintaining a customer’s solar system. SUNation Energy is based in Ronkonkoma, New York. |
Buy | - |
