M&A Deal Summary

Plexus Capital, 424 Capital and Eagle Private Capital Acquire Radian Generation

On January 1, 2020, private equity firm Plexus Capital, growth capital firm 424 Capital and mezzanine finance firm Eagle Private Capital acquired renewable energy company Radian Generation

Acquisition Highlights
  • This is Plexus Capital’s 1st, 424 Capital’s 1st and Eagle Private Capital’s 1st transaction in the Renewable Energy sector.
  • This is Plexus Capital’s 94th, 424 Capital’s 11th and Eagle Private Capital’s 83rd transaction in the United States.
  • This is Plexus Capital’s 13th, 424 Capital’s 2nd and Eagle Private Capital’s 5th transaction in North Carolina.

M&A Deal Summary

Date 2020-01-01
Target Radian Generation
Sector Renewable Energy
Buyer(s) Plexus Capital
424 Capital
Eagle Private Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Radian Generation

Charlotte, North Carolina, United States
Radian Generation is a global asset management firm serving the renewable power industry providing both software and tech-enabled services to some of the world’s largest investors in commercial and utility-scale solar and wind infrastructure. The Radian team is a group of top industry experts, armed with their proprietary LENS technology platform, who deliver measurable results through the automation of proven best practices of solar and wind asset management. Radian Generation was founded in 2013 and is based in Charlotte, North Carolina.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 3

Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 94 of 149
Sector: Renewable Energy M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 42 of 70
State: North Carolina M&A 13 of 19
Country: United States M&A 94 of 149
Year: 2020 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 MPF Products

Gray Court, South Carolina, United States

MPF Products is a manufacturing company that produces connectors, feedthroughs, and viewports using ceramic-to-metal seal technology for a variety of Ultra High Vacuum applications, including semiconductor equipment, vacuum coating, quantum technology and aerospace manufacturing. MPF Products was founded in 1994 and is based in Gray Court, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-01 Xclusive Services

Westminster, Colorado, United States

Xclusive Services is a provider of outsourced staffing solutions for the hospitality industry. Xclusive offers customers a full-service suite of personnel solutions including housekeeping, laundry, culinary, banquet service, guest services, dishwashing, maintenance, food & beverage, and events. Xclusive Services was founded in 2002 and is based in Westminster, Colorado.

Buy -
DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.


DEAL STATS #
Overall 11 of 19
Sector: Renewable Energy M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 5
State: North Carolina M&A 2 of 2
Country: United States M&A 11 of 19
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-31 Practis

Charlotte, North Carolina, United States

Practis provides secure and comprehensive internet marketing solutions that enable medical groups, hospitals, and healthcare companies to exceed their patient engagement and acquisition goals. The company has developed a strong foundation by offering several proprietary software tools which enable it to serve a large client base at low costs. Practis was founded in 1998 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Verge Health

Mount Pleasant, South Carolina, United States

Verge Health offers SaaS solutions that automate and streamline complex administrative processes in the hospital system. Verge Health was founded in 2001 and is based in Mount Pleasant, South Carolina.

Sell -
Buyer

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 83 of 87
Sector: Renewable Energy M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 41 of 42
State: North Carolina M&A 5 of 5
Country: United States M&A 83 of 87
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-31 Practis

Charlotte, North Carolina, United States

Practis provides secure and comprehensive internet marketing solutions that enable medical groups, hospitals, and healthcare companies to exceed their patient engagement and acquisition goals. The company has developed a strong foundation by offering several proprietary software tools which enable it to serve a large client base at low costs. Practis was founded in 1998 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-14 Pearce Services

Paso Robles, California, United States

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.

Sell -