M&A Deal Summary

Petros PACE Acquires Demeter Power Group

On February 26, 2019, Petros PACE acquired energy services and equipment company Demeter Power Group

Acquisition Highlights
  • This is Petros PACE’s 1st transaction in the Energy Services and Equipment sector.
  • This is Petros PACE’s 1st transaction in the United States.
  • This is Petros PACE’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-02-26
Target Demeter Power Group
Sector Energy Services and Equipment
Buyer(s) Petros PACE
Deal Type Add-on Acquisition

Target

Demeter Power Group

West Palm Beach, Florida, United States
Formed in 2012, Demeter Power Group, Inc. is a distributed energy platform and solutions provider based in West Palm Beach, Florida.

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Buyer(S) 1

Buyer

Petros PACE

Austin, Texas, United States
Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

Petros PACE Finance LLC is a provider of low-cost, long-term commercial PACE financing, which allows commercial property owners to retrofit their buildings with renewable energy and energy efficient systems by borrowing money from a private lender and repaying the loan via a special assessment on their local property tax. Petros PACE was fomred in 2010 and is based in Austin, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
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