Add-on Acquisition • Energy Services and Equipment

Petros PACE Acquires Demeter Power Group

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date February 26, 2019
Target Demeter Power Group
Sector Energy Services and Equipment
Buyer(s) Petros PACE
Deal Type Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer #
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