M&A Deal Summary

Ulteig Acquires Affinity Energy

On April 2, 2024, Ulteig acquired business services company Affinity Energy

Acquisition Highlights
  • This is Ulteig’s 1st transaction in the Business Services sector.
  • This is Ulteig’s 2nd transaction in the United States.
  • This is Ulteig’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-04-02
Target Affinity Energy
Sector Business Services
Buyer(s) Ulteig
Deal Type Add-on Acquisition

Target

Affinity Energy

Charlotte, North Carolina, United States
Affinity Energy operates as a systems integrator specializing in electrical power management systems (EPMS) of over 800 power automation projects working with facilities, distributed generation plants, energy companies, engineering firms and construction contractors who seek open, turnkey systems for power management and energy optimization. Affinity Energy was founded in 2002 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Ulteig

Fargo, North Dakota, United States
Category Company
Founded 1944
Sector Engineering
DESCRIPTION

Ulteig is a provider of comprehensive engineering/design, program management and technical and field services. Ulteig connects people and resources to develop compelling, integrated solutions across multiple Lifeline Sectors®, including power, renewables, transportation, and water. Ulteig was established in 1944 and is based in Fargo, North Dakota.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 NLS Engineering

Stoney Creek, Ontario, Canada

NLS Engineering is a engineering services firm specializing in Energy and Water engineering and SCADA solutions. NLS Engineering is based in Stoney Creek, Ontario.

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