M&A Deal Summary

Pearce Renewables Acquires Mortenson Energy Services

On June 3, 2021, Pearce Renewables acquired energy services and equipment company Mortenson Energy Services from Mortenson

Acquisition Highlights
  • This is Pearce Renewables’ 1st transaction in the Energy Services and Equipment sector.
  • This is Pearce Renewables’ 1st transaction in the United States.
  • This is Pearce Renewables’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-06-03
Target Mortenson Energy Services
Sector Energy Services and Equipment
Buyer(s) Pearce Renewables
Sellers(s) Mortenson
Deal Type Divestiture

Target

Mortenson Energy Services

Minneapolis, Minnesota, United States
Mortenson Energy Services provides renewable energy repair and maintenance services and is well known in the wind industry for highly experienced teams in corrective maintenance, blade repair, and major and mid-level component exchange, as well as troubleshooting, commissioning, and other technical operations.

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Buyer(S) 1

Buyer

Pearce Renewables

Paso Robles, California, United States
Category Company
Sector Renewable Energy
DESCRIPTION

Pearce Renewables is a national provider of operations and maintenance services for mission-critical renewable energy infrastructure. The company safely services its Wind, Solar, EV Charging, and Energy Storage infrastructure customers around the clock. With nationwide coverage, Pearce Renewables can deploy its highly trained technicians quickly and efficiently to provide unmatched response times, quality, and consistent service for distributed mission-critical assets.

DEAL STATS #
Overall 1 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 Mountain Renewables

Tehachapi, California, United States

Mountain Renewables is a national provider of technical field services for wind energy and utility-scale solar. Mountain Renewables utilizes data-driven insights throughout the project lifecycle to deliver optimal outage management. Mountain Renewables is based in Tehachapi, California.

Buy -

Seller(S) 1

SELLER

Mortenson

Minneapolis , Minnesota, United States
Category Company
Founded 1954
Sector Construction
DESCRIPTION

Mortenson is a developer and provider of energy and engineering services committed to helping organizations move their strategies forward. Mortenson’s broad portfolio of integrated services ensures that its customers’ investments result in high-performing assets. Founded in 1954, Mortenson has operations across North America with offices in Chicago, Denver, Fargo, Iowa City, Milwaukee, Minneapolis, Phoenix, Portland, San Antonio, Seattle, Washington, D.C., and in Canada.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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