M&A Deal Summary

Seeley International Pty Acquires Coolerado

On June 17, 2015, Seeley International Pty acquired electronics company Coolerado from NewWorld Capital Group and Spring Mountain Capital

Acquisition Highlights
  • This is Seeley International Pty’s 1st transaction in the Electronics sector.
  • This is Seeley International Pty’s 1st transaction in the United States.
  • This is Seeley International Pty’s 1st transaction in Colorado.

M&A Deal Summary

Date 2015-06-17
Target Coolerado
Sector Electronics
Buyer(s) Seeley International Pty
Sellers(s) NewWorld Capital Group
Spring Mountain Capital
Deal Type Add-on Acquisition

Target

Coolerado

Denver, Colorado, United States
Coolerado Corp. is a manufacturer of super-energy-efficient air conditioning systems for commercial and residential applications.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Seeley International Pty

Adelaide, Australia

Category Company
Founded 1972
Sector Electronics
DESCRIPTION

Seeley International is an air conditioning manufacturer and engages in the design and production of energy-efficient cooling and heating products including Breezair, Convair, Coolair, Braemar, Climate Wizard, and now Coolerado.


DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 2

SELLER

NewWorld Capital Group

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

NewWorld Capital Group is a specialist private equity investment group focused on opportunities in the environmental sector. Specific areas of interest include clean energy, energy efficiency, environmental services, waste management, water, and materials. NewWorld looks to invest in mid-market, established companies. The Firm generally looks to provide expansion capital to growing businesses, development capital to infrastructure project developers, and project capital to production-scale plants with no technology risk, low commodity price risk, and long-term revenue contracts. NewWorld prefers North American based businesses, but will selectively consider opportunities in Europe. NewWorld Capital is based in New York City.


DEAL STATS #
Overall 4 of 5
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 3 of 4
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-27 SolarEdge

Herziliya Pituach, Israel

SolarEdge provides an end-to-end distributed solar power harvesting and PV monitoring solution,maximizing the power generation of residential, commercial and large-scale PV system installations by up to 25%, for more rapid return on investment. SolarEdge was founded in 2006 and is based in Herzliya, Israel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-15 PosiGen

St. Rose, Louisiana, United States

PosiGen is a provider of solar power and energy efficiency to homeowners. PosiGen offers lease and purchase options for solar power systems, and energy efficiency upgrades. PosiGen was founded in 2011 and is based in St. Rose, Louisiana.

Buy -
DESCRIPTION

Spring Mountain Capital is a growth capital firm focused on providing expansion capital to tech-enabled companies across North America. The Firm looks to invest in earlier stage companies ($2 to $10 million of revenue) with high growth rates, proven products/services, and a path to profitability. Spring Mountain generally looks to commit $5 to $15 million per transaction. Spring Mountain Capital was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 7 of 20
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 6 of 18
State (Colorado) 1 of 1
Country (United States) 7 of 20
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-23 IRON Solutions

Franklin, Tennessee, United States

IRON Solutions is a B2B transaction data franchise serving the $100 billion farm, outdoor power, and construction equipment industries. IRON Solutions was founded in 1999 and is based in Franklin, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Prevalent

Phoenix, Arizona, United States

Prevalent provides software and services to eliminate the security and compliance exposures that come from working with vendors, suppliers and other third parties. Prevalent was founded in 2004 and is based in Phoenix, Arizona.

Sell -