Add-on Acquisition • Energy Services and Equipment

Ultragaz Acquires NEOgas

On November 21, 2022, Ultragaz acquired energy services and equipment company NEOgas from Global Environment Fund

Acquisition Context
  • This is Ultragaz’s 1st transaction in the Energy Services and Equipment sector.
  • This is Ultragaz’s 1st transaction in Brazil.

Explore All 1262 Add-on Acquisition Energy Services and Equipment Deals - Search the Database Free


M&A Deal Summary

Date November 21, 2022
Target NEOgas
Sector Energy Services and Equipment
Buyer(s) Ultragaz
Sellers(s) Global Environment Fund
Deal Type Add-on Acquisition

Target Company

NEOgas

Caxias do Sul, Brazil
NEOgas is a provider of off-pipeline compressed natural gas solutions in Latin America. The company manufactures equipment for cost-efficient transportation and delivery of natural gas to clients in industry and retail refueling stations. NEOgas was founded in 2000 and is based in Caxias do Sul, Brazil.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Ultragaz

Sao Paulo, Brazil

Category Company
Founded 1937
Sector Oil/Gas Exploration
DESCRIPTION

Ultragaz is a liquefied petroleum gas (LPG) distribution company. It provides gas to about 15 million households in the bottled LPG segment and more than 90,000 customers in bulk. Ultragaz was founded in 1937 and is based in Sao Paulo, Brazil.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Brazil 1 of 1
Year: 2022 1 of 1

Seller Profile 1

SELLER

Global Environment Fund

Bethesda, Maryland, United States

Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Global Environment Fund (GEF) is a global alternative asset manager dedicated to the energy, environmental, and natural resources sectors. Global Environment Fund was formed in 1990 and is based in Chevy Case, Maryland.


Deal Context for Seller #
Overall 22 of 23
Sector: Energy Services and Equipment 2 of 2
Type: Add-on Acquisition 11 of 11
Country: Brazil 2 of 2
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Comrent

Broomfield, Colorado, United States

Comrent provides expert solutions that enable companies to evaluate and commission their critical power generation systems with confidence and precision. The company has specialized in power-testing infrastructure, partnering closely with Fortune 500 data centers, electrical utilities, renewable developers, and oil and gas companies to tailor the best load testing solutions to their needs. Comrent was founded in 1997 and is based in Broomfield, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 Rishabh Instruments

Nashik, India

Rishabh Instruments is a manufacturer, designer and developer of Industrial Control Products and Test & Measurement Instruments, which have applications in power generation, transmission, consumption, control, protection and metering as well as in the instrumentation sector. Rishabh Instruments was founded in 1982 and is based in Nashik, Maharashtra.

Sell -