Investment Summary

NGP Energy Technology Partners Invests In Global Resource Options

On December 11, 2007, corporate investor NGP Energy Technology Partners invested in renewable energy company Global Resource Options

Investment Highlights
  • This is NGP Energy Technology Partners’ 2nd transaction in the Renewable Energy sector.
  • This is NGP Energy Technology Partners’ 5th transaction in the United States.
  • This is NGP Energy Technology Partners’ 1st transaction in Vermont.
Investment Fate
  • Global Resource Options was sold to a strategic buyer in 2016.

Investment Summary

Date 2007-12-11
Target Global Resource Options
Sector Renewable Energy
Investor(s) NGP Energy Technology Partners
Deal Type Venture

Target

Global Resource Options

While River Junction, Vermont, United States
Global Resource Options, Inc. (dba groSolar) is a privately owned company, which provides development and turnkey engineering, procurement, and construction (EPC) of solar photovoltaic (PV) projects for developers, financiers, utilities, corporate, government, and other institutional clients.

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Investor(S) 1

Investor

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.


DEAL STATS #
Overall 5 of 23
Sector: Renewable Energy M&A 2 of 4
Type: Venture M&A Deals 3 of 6
State: Vermont M&A 1 of 1
Country: United States M&A 5 of 21
Year: 2007 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-22 Satcon Technology

Boston, Massachusetts, United States

Satcon Technology Corp. involved in design, development, manufacturing, sales and service ventures in the following sectors: semiconductor and electronic components, computer and core computer parts, software and system integration, telecommunications and consumer electronics.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-25 Xunlight

Toledo, Ohio, United States

Xunlight specializes in the development of high-performance, flexible and lightweight solar modules. Through our innovative technology and high-speed roll-to-roll manufacturing process, we are revolutionizing the development of thin-film silicon-based photovoltaic solutions. Xunlight was founded in 2002 and is based in Toledo, Ohio.

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