M&A Deal Summary

SunEdison Acquires Axio Power

On June 1, 2011, SunEdison acquired energy services and equipment company Axio Power

Acquisition Highlights
  • This is SunEdison’s 1st transaction in the Energy Services and Equipment sector.
  • This is SunEdison’s 3rd transaction in the United States.
  • This is SunEdison’s 2nd transaction in California.

M&A Deal Summary

Date 2011-06-01
Target Axio Power
Sector Energy Services and Equipment
Buyer(s) SunEdison
Deal Type Add-on Acquisition
Advisor(s) Marathon Capital LLC (Financial)

Target

Axio Power

Costa Mesa, California, United States

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Buyer(S) 1

Buyer

SunEdison

St. Peters, Montana, United States

Category Company
Founded 1984
Sector Renewable Energy
Employees7,260
Revenue 2.5B USD (2014)
DESCRIPTION

SunEdison is a global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison was founded in 1984 and is based in St. Peters, Montana.


DEAL STATS #
Overall 3 of 14
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 2 of 8
State (California) 2 of 3
Country (United States) 3 of 9
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-25 SunEdison Reserve

Greenwich, Connecticut, United States

SunEdison Reserve is a joint venture company (the “Company”) between SunEdison, the solar energy development division of MEMC electronic materials, Inc. (NYSE: WFR), and the first reserve energy infrastructure fund. SunEdison Reserve was founded in 2010 and is based in Greenwich, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-30 EchoFirst

Fremont, California, United States

EchoFirst Inc. designs, manufactures, and markets solar systems that generate electricity and thermal energy.

Buy -