Growth Capital • Engineering

Sorenson Capital Invests In Depcom Power

On January 1, 2016, private equity firm Sorenson Capital invested in engineering company Depcom Power

Investment Context
  • This is Sorenson Capital’s 1st transaction in the Engineering sector.
  • This is Sorenson Capital’s 35th transaction in the United States.
  • This is Sorenson Capital’s 4th transaction in Arizona.
Investment Fate
  • Depcom Power was sold to a strategic buyer in 2021.

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Investment Summary

Date January 1, 2016
Target Depcom Power
Sector Engineering
Investor(s) Sorenson Capital
Deal Type Growth Capital

Target Company

Depcom Power

Scottsdale, Arizona, United States
Depcom Power is a development support, engineering procurement & construction (EPC), and operations & maintenance (O&M) services provider for the Utility-Scale Solar industry. Depcom Power was founded in 2013 and is based in Scottsdale, Arizona.
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Investor Overview 1

Investor

Sorenson Capital

Lehi, Utah, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sorenson Capital is a private equity firm that seeks to support buyout and growth capital financings of lower middle-market companies. Sorenson invests across a broad range of industries and generally pursues companies with significant market share, high barriers to entry, fragmented industry competition, motivated managment, and sustainable pricing and profit margins. Target businesses typically have sales of $30 to $300 million with earnings of $3 to $25 million. Sorenson's geographic preference is for opportunities in the Mountain West and West Coast regions of the US. Sorenson raised its inaugural fund in 2004 and is based in Lehi, Utah.


Deal Context for Investor #
Overall 37 of 48
Sector: Engineering 1 of 1
Type: Growth Capital 14 of 17
State: Arizona 4 of 4
Country: United States 35 of 46
Year: 2016 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 RealtyMogul

Los Angeles, California, United States

RealtyMogul is an online capital marketplace for real estate, connecting borrowers and sponsors to capital from accredited and institutional investors. RealtyMogul was founded in 2012 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-05 Nexmo

San Francisco, California, United States

Nexmo, Inc. is a cloud communications platform providing innovative communication APIs for voice, text, messaging and phone verification services.

Sell $230M