M&A Deal Summary

Schneider Electric Acquires Summit Energy Services

On March 24, 2011, Schneider Electric acquired energy services and equipment company Summit Energy Services from Weston Presidio for 268M USD

Acquisition Highlights
  • This is Schneider Electric’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Schneider Electric’s 9th largest (disclosed) transaction.
  • This is Schneider Electric’s 12th transaction in the United States.
  • This is Schneider Electric’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2011-03-24
Target Summit Energy Services
Sector Energy Services and Equipment
Buyer(s) Schneider Electric
Sellers(s) Weston Presidio
Deal Type Add-on Acquisition
Deal Value 268M USD

Target

Summit Energy Services

Louisville, Kentucky, United States
Summit Energy Services, Inc. is a provider of risk management, energy procurement, and sustainability services to more than 150 large industrial and commercial clients.

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Buyer(S) 1

Buyer

Schneider Electric

Rueil Malmaison, France

Category Company
Founded 1836
Sector Electrical Equipment
Employees164,640
Revenue 35.9B EUR (2023)
DESCRIPTION

Schneider Electric is a provider of electricity distribution, automation management and produces installation components for energy management. Schneider Electric develops connected technologies and solutions to manage energy and process in ways that are safe, reliable, efficient and sustainable. Schneider Electric was founded in 1836 and is based in Rueil-Malmaison, France.


DEAL STATS #
Overall 17 of 41
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 16 of 37
State (Kentucky) 1 of 1
Country (United States) 12 of 21
Year (2011) 1 of 8
Size (of disclosed) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-13 Scada group

Merewether, Australia

Scada group provider of systems integration solutions and supervisory control and data acquisition (SCADA) products to water utilities and oil & gas businesses.

Buy AU$200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-31 DIGILINK - Smartlink Network Systems

Mumbai, India

DIGILINK - Smartlink Network Systems Ltd. is a structured cabling systems providers in India.

Buy Rs5.0B

Seller(S) 1

SELLER

Weston Presidio

Boston, Massachusetts, United States

Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 32 of 52
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 14 of 23
State (Kentucky) 1 of 1
Country (United States) 31 of 49
Year (2011) 2 of 5
Size (of disclosed) 8 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-03 Nebraska Book Company

Lincoln, Nebraska, United States

Nebraska Book Company is the largest wholesale distributors of used college textbooks in North America selling more than 7.2 million textbooks annually. In addition, the Company operates more than 240 college bookstore locations across the United States. Nebraska Book also provides additional services that complement its core businesses including an e-commerce solution, comprehensive store management systems, centralized buying and marketing services and a distribution business serving distance education providers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-15 Trimark Sportswear Group

Richmond Hill, Ontario, Canada

Trimark is a leading designer, importer, and marketer of promotional apparel (e.g., golf shirts, woven shirts, and outerwear). The Company's products are sold through a network of over 1,500 promotional product distributors throughout Canada.

Sell -