January 21, 2021

Volume XI, Number 21

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Energy & Sustainability M&A Activity – May 2020

Recent M&A Activity:

  • April 1, 2020: Avalon merged with RedT Energy to form Invinity Energy Systems for an undisclosed sum.

  • April 1, 2020: Dome AB, Inc. (Illinois Basin Unit), a subsidiary of Dome Energy, was acquired by MAHA Energy for $4 million. The acquisition continues MAHA’s strategy of growing through acquisitions in order to provide added value for shareholders.

  • April 1, 2020: Ozark Gas Transmission, a subsidiary of Enbridge, was acquired by Black Bear Transmission, a portfolio company of Basalt Infrastructure Partners, for an undisclosed amount. The acquisition will expand Black Bear’s asset base of natural gas pipelines serving utilities and other end user customers across the southeastern United States.

  • April 2, 2020: Emerson acquired American Governor Company, a hydroelectric technology and services provider, for an undisclosed amount, expanding Emerson’s presence in the renewable energy and power sectors.

  • April 20, 2020: Southwest Transport, a subsidiary of Martin Eagle, was acquired by U.S. Venture for an undisclosed amount.

  • April 22, 2020: The American Council on Renewable Energy acquired the Wind Solar Alliance for an undisclosed amount. With this acquisition, the organization will build on its efforts to increase renewable energy and advance the nation’s electric grid, uniting and strengthening the renewable sector.

*Source: PitchBook

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©1994-2020 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. All Rights Reserved.National Law Review, Volume X, Number 127
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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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