Investment Summary

The InterTech Group and T. Rowe Price Invest In RGC Resources

On March 28, 2022, The InterTech Group and T. Rowe Price invested in energy services and equipment company RGC Resources

Investment Highlights
  • This is The InterTech Group’s 1st and T. Rowe Price’s 1st transaction in the Energy Services and Equipment sector.
  • This is The InterTech Group’s 2nd and T. Rowe Price’s 2nd transaction in the United States.
  • This is The InterTech Group’s 1st and T. Rowe Price’s 1st transaction in Virginia.

Investment Summary

Date 2022-03-28
Target RGC Resources
Sector Energy Services and Equipment
Investor(s) The InterTech Group
T. Rowe Price
Deal Type Stake Purchase
Advisor(s) Janney Montgomery Scott (Financial)
McGuireWoods (Legal)

Target

RGC Resources

Roanoke, Virginia, United States
RGC Resources provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company, Diversified Energy Company and RGC Ventures of Virginia, Inc. RGC Resources was founded in 1883 and is based in Roanoke, Virginia.

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Investor(S) 2

Investor

The InterTech Group

North Charleston, South Carolina, United States

Category Company
Founded 1982
Sector Diversified
DESCRIPTION

The InterTech Group, Inc. is a family-owned holding company.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-13 Polypore International

Charlotte, North Carolina, United States

Polypore International, Inc. is a global manufacturer of highly engineered filtration products used in the power storage, healthcare, electronics and specialty technology industries.

Sell $1.2B
Investor

T. Rowe Price

Baltimore, Maryland, United States

Category Company
Founded 1937
Sector Financial Services
Employees7,878
Revenue 7.1B USD (2024)
DESCRIPTION

T. Rowe Price is a global investment management organization with $541.7 billion in assets under management. The organization provides a broad array of mutual funds, sub-advisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. T. Rowe Price was founded in 1937 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 2 of 3
Sector: Energy Services and Equipment M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 BJ s

Huntington Beach, California, United States

BJ's is a restaurant chain that owns and operates casual dining restaurants. BJ's restaurants operate under the BJ’s Restaurant & Brewery, BJ’s Restaurant & Brewhouse, BJ’s Pizza & Grill, or BJ’s Grill names. BJ's was founded in 1978 and is based in Huntington Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-30 Retiree

Leawood, Kansas, United States

Retiree is a fintech firm that offers innovative retirement income planning software. Retiree was founded in 2008 and is based in Leawood, Kansas.

Buy -