M&A Deal Summary

LS Power Development Acquires CPower Energy Management

On November 29, 2018, LS Power Development acquired business services company CPower Energy Management from H.I.G. Private Equity

Acquisition Highlights
  • This is LS Power Development’s 1st transaction in the Business Services sector.
  • This is LS Power Development’s 6th transaction in the United States.
  • This is LS Power Development’s 1st transaction in Maryland.

M&A Deal Summary
Date 2018-11-29
Target CPower Energy Management
Sector Business Services
Buyer(s) LS Power Development
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

CPower Energy Management

Baltimore, Maryland, United States
CPower Energy Management is one of the largest demand response and energy management companies in North America. CPower has over 25 years of experience helping business customers implement customized demand-side management programs with core offerings that provide businesses with the ability to manage peak electricity demand, monetize energy assets, enhance grid reliability and meet their sustainability goals. CPower provides services nationwide across the U.S. to a large, blue-chip customer base of over 1,700 commercial & industrial customers.

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Buyer(S) 1

Buyer

LS Power Development

New York,, New York, United States
Category Company
Founded 1990
Sector Renewable Energy
DESCRIPTION

LS Power is an employee-owned, independent power company.We are a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States.We have developed, constructed, managed or acquired more than 32,000 MW of competitive power generation and 470 miles of transmission infrastructure.

DEAL STATS #
Overall 6 of 11
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Maryland) 1 of 1
Country (United States) 6 of 10
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 Allegheny Energy Supply

Greensburg, Pennsylvania, United States

Allegheny Energy Supply Co. LLC is a provider of renewable energy services in US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 EVgo

Los Angeles, California, United States

EVgo is the nation’s largest and most reliable fast charging public network for electric vehicles. With more than 750 fast-charging locations in 66 metropolitan markets in 34 states, EVgo serves more than 180,000 customers. EVgo has the best operating record in the industry – more than 98% uptime – and consistently earns the highest consumer scores on PlugShare for U.S. public charging networks. EVgo owns and operates its nationwide network of fast chargers, which are compatible with all fast charge capable EV models and powered by 100% renewable energy.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 108 of 175
Sector (Business Services) 13 of 19
Type (Add-on Acquisition) 48 of 72
State (Maryland) 1 of 2
Country (United States) 82 of 120
Year (2018) 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-15 Constructive Media

Vancouver, British Columbia, Canada

Constructive Media, Inc. is an online platform provider for digital media products serving casual gaming and digital education markets. Constructive Media was founded in 1996 and is based in Vancouver, British Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 BollAnts

Bad Sobernheim, Germany

BollAnts is a 105-room wellness hotel & resort. BollAnts is based in Bad Sobernheim, Germany.

Buy -
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