M&A Deal Summary

RENEW Energy Maintenance Acquires Broadwind Energy - Services Business

On December 15, 2015, RENEW Energy Maintenance acquired renewable energy company Broadwind Energy - Services Business from Broadwind

Acquisition Highlights
  • This is RENEW Energy Maintenance’s 1st transaction in the Renewable Energy sector.
  • This is RENEW Energy Maintenance’s 1st transaction in the United States.
  • This is RENEW Energy Maintenance’s 1st transaction in Illinois.

M&A Deal Summary
Date 2015-12-15
Target Broadwind Energy - Services Business
Sector Renewable Energy
Buyer(s) RENEW Energy Maintenance
Sellers(s) Broadwind
Deal Type Divestiture

Target

Broadwind Energy - Services Business

Cicero, Illinois, United States
Broadwind Energy, Inc. - Services Business is a provider of renewable energy services in US.

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Buyer(S) 1

Buyer

RENEW Energy Maintenance

Brandon, South Carolina, United States
Category Company
Sector Renewable Energy
DESCRIPTION

RENEW Energy Maintenance LLC is a provider of renewable energy services in US.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Broadwind

Cicero, Illinois, United States
Category Company
Sector Machinery
Employees444
Revenue 203M USD (2023)
DESCRIPTION

Broadwind is a provider of gears and gearing systems for wind, from oil and gas and mining applications, to wind towers and industrial weldments. Broadwind is based in Cicero, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-07 Badger Transport

Clintonville, Wisconsin, United States

Badger Transport, Inc. is a heavy hauler that specializes in transporting oversized and overweight components and equipment for the wind energy industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Red Wolf

Sanford, North Carolina, United States

Red Wolf Co.. LLC is a fabricator, kitter and assembler of industrial systems primarily supporting the global gas turbine market.

Buy -
Mergr

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