M&A Deal Summary

Veregy Acquires Midstate Energy

On June 24, 2019, Veregy acquired engineering company Midstate Energy from Bow River Capital

Acquisition Highlights
  • This is Veregy’s 1st transaction in the Engineering sector.
  • This is Veregy’s 4th transaction in the United States.
  • This is Veregy’s 1st transaction in Arizona.

M&A Deal Summary

Date 2019-06-24
Target Midstate Energy
Sector Engineering
Buyer(s) Veregy
Sellers(s) Bow River Capital
Deal Type Merger

Target

Midstate Energy

Phoenix, Arizona, United States
Midstate Energy is an independent provider of comprehensive development, design and engineering services relating to infrastructure upgrades and energy efficient asset sustainability solutions to the K-12 and municipal market in Arizona. Midstate Energy is based in Phoenix, Arizona.

Search 200,500 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Veregy

Phoenix, Arizona, United States

Category Company
Founded 2019
Sector Energy Services and Equipment
DESCRIPTION

Veregy is an OEM agnostic energy services company that designs and implements energy-efficient facility improvements primarily for K-12 schools and municipal customers. The Company’s service offerings include energy efficiency solutions, engineering services, design and construction solutions, distributed and renewable energy, smart buildings and system integrations, and ongoing services and maintenance. Veregy was founded in 2019 and is headquartered in Phoenix, Arizona.


DEAL STATS #
Overall 4 of 6
Sector (Engineering) 1 of 1
Type (Merger) 4 of 4
State (Arizona) 1 of 1
Country (United States) 4 of 6
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Dynamix Energy Services

Columbus, Ohio, United States

Dynamix Energy Services is a full service, vendor-neutral, Energy Services Company that focuses on implementing and installing creative, well-engineered energy and technology solutions for our customers. The team consists of Professional Engineers from multiple backgrounds including, HVAC, Electrical, Controls, Technology, and Plumbing. This diversity allows DES to maximize the energy and maintenance savings for customers by evaluating opportunities from all angles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Four Star Mechanical

Hamilton, Ohio, United States

Four Star Mechanical, Inc. provides plumbing, piping, and domestic water design and implementation services based in Hamilton, Ohio.

Buy -

Seller(S) 1

SELLER

Bow River Capital

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bow River Capital is a private equity firm that provides equity capital and mezzanine debt to high growth companies. The Firm targets businesses generating sales of $25 and $200 million and EBITDA of $5 to $20 million. Bow River will consider investments throughout the US and Canada, however, the Firm's primary focus is on opportunities in the Rocky Mountain and Western regions of the US and Canada. Target industries include manufacturing, distribution, transportation, business and consumer services, financial services, natural resources and real estate. The Firm will consider both control and minority positions. Bow River Capital was established in 2003 and is based in Denver, Colorado.


DEAL STATS #
Overall 16 of 22
Sector (Engineering) 3 of 4
Type (Merger) 2 of 2
State (Arizona) 1 of 2
Country (United States) 13 of 19
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 CTS Group

Chesterfield, Missouri, United States

CTS Group is an energy services company that develops and implements turnkey, comprehensive energy efficiency projects. The CTS team of professionals is dedicated to providing innovative energy-efficient solutions that lead to a more comfortable and healthier building environment. CTS Group was founded in 2000 and is based in Chesterfield, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Insurium

Denver, Colorado, United States

Insurium is a cloud-based platform helping insurance companies comprehensively manage their most critical functions for policy management, underwriting, safety and loss prevention, customer relationship management, financial operations, and compliance & regulatory reporting. Insurium was founded in 2010 and is based in Denver, Colorado.

Buy -