M&A Deal Summary

Qualus Acquires GridBright

On October 9, 2023, Qualus acquired energy services and equipment company GridBright

Acquisition Highlights
  • This is Qualus’ 1st transaction in the Energy Services and Equipment sector.
  • This is Qualus’ 2nd transaction in the United States.
  • This is Qualus’ 1st transaction in California.

M&A Deal Summary
Date 2023-10-09
Target GridBright
Sector Energy Services and Equipment
Buyer(s) Qualus
Deal Type Add-on Acquisition
Advisor(s) Capstone Partners (Financial)

Target

GridBright

Alamo, California, United States
GridBright specializes in secure and sustainable grid technology that provides comprehensive utility control room solutions, renewable and storage interconnection solutions, cyber secure systems integration, and related advisory services. GridBright is based in Alamo, California.

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Buyer(S) 1

Buyer

Qualus

Cincinnati, Ohio, United States
Category Company
Sector Engineering
DESCRIPTION

Qualus is a provider of specialized engineering and technical field services. Qualus plays a vital role in the modernization of the electric power infrastructure, decarbonization of the economy, and the broader energy transition. Qualus is based in Cincinnati, Ohio.

DEAL STATS #
Overall 2 of 6
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (California) 1 of 2
Country (United States) 2 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 Tri Sage Consulting

Reno, Nevada, United States

Tri Sage Consulting is a provider of power engineering and project management services for renewable and power system development throughout the western U.S. Tri Sage Consulting is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-07 EnKompass

Bolton, Ontario, Canada

EnKompass is an electrical engineering and technical services firm that provides studies, power systems engineering, retrofit, commissioning, and specialized field services. Enkompass serves clients across a broad range of sectors in Canada, including data centers, telecommunications, health, pharmaceutical, industrial, commercial, and government. EnKompass was founded in 2009 and is based in Bolton, Ontario.

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