M&A Deal Summary

NOVA Infrastructure Acquires UGE

On August 16, 2024, infrastructure investor NOVA Infrastructure acquired renewable energy company UGE

Acquisition Highlights
  • This is NOVA Infrastructure’s 2nd transaction in the Renewable Energy sector.
  • This is NOVA Infrastructure’s 7th transaction in the United States.
  • This is NOVA Infrastructure’s 3rd transaction in New York.

M&A Deal Summary

Date 2024-08-16
Target UGE
Sector Renewable Energy
Buyer(s) NOVA Infrastructure
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Mintz Levin Cohn Ferris Glovsky and Popeo
CP (Legal)

Target

UGE

New York, New York, United States
UGE is a solar operator and developer of rooftop and ground mount commercial, industrial, and community solar energy solutions. The company develops, builds, finances, owns, and operates solar and battery storage projects in New York, New Jersey, Maine, California, Pennsylvania, Oregon, Texas, Illinois, Maryland, Virginia and Massachusetts. It has a portfolio of more than 12 operating and 81 advanced backlog projects in 11 states. UGE was formed in 2010 and is based in New York, New York.

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Buyer(S) 1

DESCRIPTION

Nova?Infrastructure is an infrastructure focused investment firm targeting middle-market companies in environmental services, transportation, energy transition, and digital infrastructure. The Firm will consider a variety of investment situations including buyouts, growth financings, and carve-outs. NOVA Infrastructure was founded in 2018 and is headquartered in New?York, New?York.


DEAL STATS #
Overall 8 of 9
Sector: Renewable Energy M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
State: New York M&A 3 of 3
Country: United States M&A 7 of 8
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 A&R Bulk-Pak

Moncks Corner, South Carolina, United States

A&R Bulk-Pak is a contract packaging, warehousing, and supply chain logistics company serving petrochemical production and trading companies throughout North America. The company offers professional packaging and distribution of polyethylene pellets for the petrochemical industry. A&R Bulk-Pak was formed in 1985 and is based in Moncks Corner, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-30 DartPoints

Thanksgiving Tower, Texas, United States

DartPoints provides enterprise colocation, cloud, and managed service solutions enabling advanced workloads, including artificial intelligence, machine learning, and high-performance computing. Listed on the Inc. 5000 as one of the fastest-growing privately held companies in the U.S., the company empowers businesses with enterprise-grade infrastructure, operational resilience, and low-latency connectivity. DartPoints was founded in 2012 and is based in Thanksgiving Tower, Texas.

Buy -