May 11, 2021

Volume XI, Number 131

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Energy & Sustainability M&A Activity – February 2020

Recent M&A Activity:

  • January 1, 2020: Entriq Solutions was acquired by Juice Technologies (dba Plug Smart) for an undisclosed amount. With this acquisition, both companies will work closely together to build on the support and services provided to their existing customers throughout the Midwest and beyond.

  • January 9, 2020: Western Propane Service was acquired by Superior Plus Corp. for an undisclosed amount.

  • January 10, 2020: Jagged Peak Energy was acquired by Parsley Energy. Jagged shareholders will receive a fixed exchange ratio of 0.447 shares of the company’s Class A common stock for each share of Jagged common stock they own.

  • January 13, 2020: Lilis Energy has received a non-binding bid to be acquired by Värde Partners.

  • January 14, 2020: SRC Energy was acquired by PDC Energy for $971.3 million. The merged entity will hold 182,000 net acres in the Wattenberg field in the DJ Basin, along with PDC’s 36,000 net acres in the Permian Delaware Basin. PDC is expected to exit 2019 with about 200,000 barrels of oil equivalent per day in production. The company has been delisted from the stock exchange as a result of the transaction.

  • January 16, 2020: TransPower was acquired by Meritor for an undisclosed amount.

*Source: PitchBook

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©1994-2021 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. All Rights Reserved.National Law Review, Volume X, Number 42
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Member / Chair, Energy & Sustainability Practice
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Tom Burton’s zeal for innovation and passion for energy and sustainability have shaped the clean energy industry. He created one of the nation’s first clean energy legal practices. Clients ranging from investors to entrepreneurs to Fortune 100 companies rely on him for creative and strategic legal solutions, and he has completed hundreds of venture capital and private equity financings, mergers and acquisitions, and IPOs. He guides the industry’s next generation of leaders through active involvement with start-up organizations and accelerators. The Northeast Clean Energy Council recognized...

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Sahir Surmeli Energy & Sustainability Attorney Mintz Levin
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Sa is a highly skilled and versatile business counselor who advises companies, boards, entrepreneurs, investment banks and venture and private equity investors, as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures and strategic partnerships. Sa guides public and private companies and investors, primarily in the energy and sustainability, technology, materials science, hospitality, retail and life sciences industries. Known as a problem-solver, Sa executes transactions with creative structures to address new opportunities...

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