M&A Deal Summary

Pearce Services Acquires MaxGen Energy Services

On April 14, 2021, Pearce Services acquired renewable energy company MaxGen Energy Services from Oaktree Capital Management

Acquisition Highlights
  • This is Pearce Services’ 2nd transaction in the Renewable Energy sector.
  • This is Pearce Services’ 2nd transaction in the United States.
  • This is Pearce Services’ 2nd transaction in California.

M&A Deal Summary

Date 2021-04-14
Target MaxGen Energy Services
Sector Renewable Energy
Buyer(s) Pearce Services
Sellers(s) Oaktree Capital Management
Deal Type Add-on Acquisition
Advisor(s) Guggenheim Securities (Financial)

Target

MaxGen Energy Services

Costa Mesa, California, United States
MaxGen Energy Services is dedicated to developing, maintaining, and operating infrastructure that supports alternative energy technologies. It provides services to the solar, electric vehicle and energy storage markets in North America. MaxGen Energy Services is based in Costa Mesa, California.

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Buyer(S) 1

Buyer

Pearce Services

Paso Robles, California, United States

Category Company
Sector Engineering
DESCRIPTION

Pearce Services provides engineering, operations, and maintenance services for mission-critical telecommunications and renewable energy infrastructure across the United States. The Company serves sectors including wireless and wireline networks, solar and wind energy, EV charging, and energy storage systems. Pearce Services is based in Paso Robles, California.


DEAL STATS #
Overall 2 of 3
Sector: Renewable Energy M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
State: California M&A 2 of 2
Country: United States M&A 2 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-14 WWS

Tehachapi, California, United States

WWS is a providers of repair and maintenance services for utility-scale renewable wind and solar assets. WWS offers a comprehensive list of services across all phases of a project’s lifecycle including construction, commissioning, operations, including re-power or decommissioning. WWS was founded in 2007 and is based in Tehachapi, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-17 Unified Power

Terrell, Texas, United States

Unified Power is an independent preventative maintenance and repair service provider for uninterruptible power systems. Unified Power was founded in 1993 and is based in Terrell, Texas.

Buy -

Seller(S) 1

SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 71 of 90
Sector: Renewable Energy M&A 4 of 4
Type: Add-on Acquisition M&A Deals 31 of 39
State: California M&A 11 of 12
Country: United States M&A 51 of 59
Year: 2021 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 ABC Technologies

Toronto, Ontario, Canada

ABC Technologies is a full-service automotive supplier of blow molded and injection molded thermoplastic components and systems including: center consoles, spoilers, bumper systems, HVAC ducts, filters, fluid reservoirs, and other parts. ABC Technologies was founded in 1974 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Nevada Heart & Vascular Center

Las Vegas, Nevada, United States

Nevada Heart & Vascular Center is a cardiovascular group in the Southern Nevada/Las Vegas region that offers both noninvasive and invasive procedures and operates an imaging center. Nevada Heart & Vascular Center is based in Las Vegas, Nevada.

Buy -