M&A Deal Summary

Savant Acquires Racepoint Energy

On July 20, 2021, Savant acquired electrical equipment company Racepoint Energy

Acquisition Highlights
  • This is Savant’s 3rd transaction in the Electrical Equipment sector.
  • This is Savant’s 4th transaction in the United States.
  • This is Savant’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-07-20
Target Racepoint Energy
Sector Electrical Equipment
Buyer(s) Savant
Deal Type Add-on Acquisition

Target

Racepoint Energy

Osterville, Massachusetts, United States
Racepoint Energy is an engineering-driven company known for category-defining smart electrical panel, automated power, storage and energy resiliency solutions for consumers, home builders, businesses and utility companies. Racepoint Energy is based in Osterville, Massachusetts.

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Buyer(S) 1

Buyer

Savant

Hyannis, Massachusetts, United States
Category Company
Founded 2005
Sector Electronics
DESCRIPTION

Savant is a luxury smart home technology company focused on bringing the four pillars of automation - comfort, lighting, entertainment, and safety - together in a single application interface for the homeowner. Savant was founded in 2005 and is based in Hyannis, Massachusetts.

DEAL STATS #
Overall 4 of 5
Sector (Electrical Equipment) 3 of 3
Type (Add-on Acquisition) 2 of 3
State (Massachusetts) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-27 GE Lighting

Cleveland, Ohio, United States

GE Lighting LLC offers professional & consumer lighting solutions. GE Lighting was founded in 2000 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-23 POMCube

Dublin, California, United States

POMCube is an energy storage system manufacturer. The Company develops and deploying energy storage systems (ESS) that are helping to facilitate the use of clean energy and provide battery backup in homes and commercial locations throughout North America and Asia. POMCube was founded in 2014 and is based in Dublin , California.

Buy -
Mergr

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