M&A Deal Summary

Sparus Acquires TruCheck

On February 7, 2023, Sparus acquired energy services and equipment company TruCheck

Acquisition Highlights
  • This is Sparus’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Sparus’ 3rd transaction in the United States.
  • This is Sparus’ 2nd transaction in Texas.

M&A Deal Summary

Date 2023-02-07
Target TruCheck
Sector Energy Services and Equipment
Buyer(s) Sparus
Deal Type Add-on Acquisition

Target

TruCheck

Manor, Texas, United States
TruCheck provides a variety of meter and smart grid-related services, including installation, network deployment, electric meter renewal, demand response, and testing, inspection, and configuration services, to investor-owned, municipal, and cooperative utilities.

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Buyer(S) 1

Buyer

Sparus

Peachtree Corners, Georgia, United States

Category Company
Founded 1946
Sector Energy Services and Equipment
DESCRIPTION

Sparus is a provider of outsourced utility field services and project management outsourcing services through its wholly-owned subsidiaries, Southern Cross Corporation and The Spear Group. Sparus was founded in 1946 and is based in Peachtree Corners, Georgia.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 Allegiant Utility Services

Manor, Texas, United States

Allegiant provides a variety of meter and smart grid-related services, including installation, network deployment, electric meter renewal, demand response, and testing, inspection, and configuration services, to investor-owned, municipal, and cooperative utilities. Allegiant was founded in 1996 and is based in Manor, Texas.

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