M&A Deal Summary

Sentient Energy Acquires Varentec

On February 23, 2021, Sentient Energy acquired energy services and equipment company Varentec

Acquisition Highlights
  • This is Sentient Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Sentient Energy’s 1st transaction in the United States.
  • This is Sentient Energy’s 1st transaction in California.

M&A Deal Summary
Date 2021-02-23
Target Varentec
Sector Energy Services and Equipment
Buyer(s) Sentient Energy
Deal Type Add-on Acquisition

Target

Varentec

Santa Clara, California, United States
Varentec provides intelligence and dynamic control to the edge of the grid through its Edge of Network Grid Optimization (ENGO) hardware and Grid Edge Management System (GEMS) software. This Grid Edge Control solution augments standard grid modernization systems, enhances energy/demand savings, and boosts DER hosting capacity.

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Buyer(S) 1

Buyer

Sentient Energy

Frisco, Texas, United States
Category Company
Founded 2009
Sector Energy Services and Equipment
DESCRIPTION

Sentient Energy makes power delivery safe, reliable, and solar-ready worldwide. The company provides Grid Analytics System that covers the entire distribution network with innovative, quickly deployed intelligent sensors and analytics that identify and analyze potential faults and other grid events. Sentient Energy has a network of line sensor deployments in North America, and partnerships with leading utility network providers including Itron, Landis + Gyr, AT&T, Verizon, Telus, and Bell Canada. Sentient Energy was formed in 2009 and is based in Frisco, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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