M&A Deal Summary

Renewable Energy Systems Acquires REG Power Management - Asset Management Business

On March 27, 2019, Renewable Energy Systems acquired renewable energy company REG Power Management - Asset Management Business from REG Power Management

Acquisition Highlights
  • This is Renewable Energy Systems’ 2nd transaction in the Renewable Energy sector.
  • This is Renewable Energy Systems’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-03-27
Target REG Power Management - Asset Management Business
Sector Renewable Energy
Buyer(s) Renewable Energy Systems
Sellers(s) REG Power Management
Deal Type Divestiture

Target

REG Power Management - Asset Management Business

Cornwall, United Kingdom
REG Power Management Ltd. - Asset Management Business includes wind and solar projects.

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Buyer(S) 1

Buyer

Renewable Energy Systems

Kings Langley, United Kingdom

Category Company
Founded 1981
Sector Renewable Energy
DESCRIPTION

Renewable Energy Systems Ltd. is a provider of utility-scale wind, solar, transmission, and energy services.


DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 System 3

Carmichael, California, United States

System 3, Inc. is a provider of renewable energy services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 Renewable Energy Systems - Skookumchuck Wind Facility

Kings Langley, United Kingdom

Renewable Energy Systems Ltd.'s Skookumchuck Wind Facility is a provider of renewable energy services.

Sell -

Seller(S) 1

SELLER

REG Power Management

Cornwall, United Kingdom

Category Company
Founded 2005
Sector Renewable Energy
DESCRIPTION

REG Power Management Ltd. is a developer, owner, and operator of renewable energy projects. REG Power Management Ltd. has developed and built over 1000MW of operational wind and solar projects, not only in the UK but in Canada and Poland. REG Power Management Ltd. continue to own and operate strategically important generation plant for National Grid fuelled by patented bio liquid derived from waste cooking oil.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1