May 11, 2021

Volume XI, Number 131

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Energy & Sustainability M&A Activity – March 2020

Recent M&A Activity:

February 5, 2020: IntelliPower was acquired by AMETEK for $115 million. IntelliPower offers ruggedized uninterruptible power solutions and is a highly complementary fit with AMETEK’s Power Systems and Instruments Division. The deal broadens AMETEK’s technological capabilities in this attractive market segment.

February 5, 2020: Universal mCloud reached a definitive agreement to acquire technologies from AirFusion, Inc., as well as the company’s subsidiary, AirFusion GmbH, for an undisclosed amount.

February 6, 2020: Baswood was acquired by Cambrian Innovation for an undisclosed amount.

February 11, 2020: Dominion Resources agreed to purchase Southern Company’s 5% stake in Atlantic Coast Pipeline for $175 million. Dominion Resources will now own 53% of the company, and Duke Energy will own 47%.

February 13, 2020: Enbridge entered into a definitive agreement to acquire Rio Bravo Pipeline Company from NextDecade for $25 million. This will enable Enbridge to further strengthen its ability to serve the expanding LNG export market and fits squarely within its low-risk business model.

February 13, 2020: Bell Brothers Plumbing Heating and Air was acquired by Service Champions, a portfolio company of the Dallas-based private equity firm CenterOak Partners LLC, for an undisclosed amount.

February 18, 2020: Air Medics Heating and Cooling was acquired by Perfect Home Services for an undisclosed amount. The acquisition will enhance Perfect Home Service’s presence in the Kendall County area of Chicago, and will streamline the company’s operations.

*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 66
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About this Author

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...

617-348-3097
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...

617-348-3013
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