M&A Deal Summary

Quantum Fuel Systems Acquires Schneider Power

On April 20, 2010, Quantum Fuel Systems acquired renewable energy company Schneider Power from InvestEco Capital

Acquisition Highlights
  • This is Quantum Fuel Systems’ 1st transaction in the Renewable Energy sector.
  • This is Quantum Fuel Systems’ 1st transaction in Canada.
  • This is Quantum Fuel Systems’ 1st transaction in Ontario.

M&A Deal Summary
Date 2010-04-20
Target Schneider Power
Sector Renewable Energy
Buyer(s) Quantum Fuel Systems
Sellers(s) InvestEco Capital
Deal Type Add-on Acquisition
Advisor(s) Jacob Securities Inc. (Financial)
Osler (Legal)

Target

Schneider Power

Toronto, Ontario, Canada
Schneider Power is an emerging player in the wind power industry in Canada, with developments underway in Manitoba, Ontario and Nova Scotia. Schneider?s signature project is a wind development in Providence Bay on Manitoulin Island, which began producing power in 2007. Another notable project is a proposed development for Goodwins Island, Nova Scotia, home to some of the strongest sustained windspeeds in Canada. Schneider is supported by an active partnership with Juwi Group, a leading German wind power developer.

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Buyer(S) 1

Buyer

Quantum Fuel Systems

Lake Forest, California, United States
Category Company
Founded 2000
Sector Business Services
Revenue 34M USD (2014)
DESCRIPTION

Quantum Fuel Systems LLC is engineering the future of CNG storage by designing, developing, and bringing innovative gas transport trailers and heavy-duty truck fuel storage systems to the market. The company is at the forefront of the industry with decades of experience in gaseous fuel storage and systems solutions. Quantum Fuel Systems Technologies Worldwide was founded in 2000 and is based in Lake Forest, California.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 Quantum Fuel Systems Technologies Worldwide - Electrification Division

Lake Forest, California, United States

Quantum Fuel’s Electrification Division provides alternative fuel systems for the automotive and heavy-duty fleet industries.

Sell -

Seller(S) 1

SELLER

InvestEco Capital

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 35M USD
Size Small
Type Sector Agnostic
DESCRIPTION

InvestEco Capital is an environmental private equity firm that seeks to invest in both private and public companies in North America. The Firm targets smaller-sized companies with at least $2 million in revenue involved in fulfilling the demand for environmental products and services. Investeco has particular interest in companies specializing in alternative power, water technologies, organic and natural foods and environmental technologies. InvestEco Capital was formed in 2002 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 4
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Ontario) 1 of 3
Country (Canada) 1 of 3
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-25 Woodland Biofuels

Mississauga, Ontario, Canada

Woodland Biofuels Inc. develops a process technology to produce cellulosic ethanol from waste biomass.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-08 Pure360

Brighton, United Kingdom

Pure360 is a progressive email marketing company involved in providing direct digital marketing, improving customer ROI via email and SMS marketing campaigns to customers such as innocent drinks, Seatwave, The FT Group, Rightmove, Zoopla and LA Fitness. Pure360 was established in 2001 and is based in Brighton, United Kingdom.

Buy £11M
Mergr

Product

Company

Legal