Investment Summary

White Deer Energy Invests In Fortress Power

On January 10, 2022, private equity firm White Deer Energy invested in electrical equipment company Fortress Power

Investment Highlights
  • This is White Deer Energy’s 1st transaction in the Electrical Equipment sector.
  • This is White Deer Energy’s 25th transaction in the United States.
  • This is White Deer Energy’s 2nd transaction in Pennsylvania.

Investment Summary
Date 2022-01-10
Target Fortress Power
Sector Electrical Equipment
Investor(s) White Deer Energy
Deal Type Growth Capital

Target

Fortress Power

Southampton, Pennsylvania, United States
Fortress Power is a designer and manufacturer of battery energy storage systems for residential, commercial, and industrial customers. Fortress Power operations across North America, the Caribbean, Central America, and Asia. Fortress Power was founded in 2016 and is based in Southampton, Pennsylvania.

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Investor(S) 1

Investor

White Deer Energy

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 2.7B USD
Size Large
Type Sector Focused
DESCRIPTION

White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.

DEAL STATS #
Overall 28 of 30
Sector (Electrical Equipment) 1 of 1
Type (Growth Capital) 4 of 4
State (Pennsylvania) 2 of 2
Country (United States) 25 of 27
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 US Rod

Nappanee, Indiana, United States

US Rod is an API-licensed manufacturer and provider of artificial lift products, including sucker rods, rod guides, couplings, pony rods, stabilizer and sinker bars. US Rod manufactures 100% US-made products at its state-of-the-art manufacturing facility in Nappanee, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 GPS

Singapore, Singapore

GPS is a midstream infrastructure platform formed to pursue the acquisition, construction and enhancement of storage and logistics assets outside North America. GPS owns a refined product terminal in the Port of Amsterdam and has two projects under construction – an industrial services terminal in Al Hamriyah Port in Sharjah, United Arab Emirates and an LPG terminal in Port Klang, Malaysia. GPS is based in Singapore.

Sell -
Mergr

Product

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