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Transactions / S••••• U•••••••••

M•• P••••••• and P•••••••• P••••••• Announce the Acquisition of S••••• U•••••••••

Add-on acquisitionannouncedadd-onannounced Apr 18, 2024Fact
What happened
Platform
P•••••••• P••••••• L••add-on basis: M•• P••••••• (“MPE” or “Morgenthaler Private Equity”), along with its portfolio company P•••••••• P••••••• (“P••••••••”), announced today the acquisition of S••••• U••••••••• (“S•••••”).
Control
Control
Share acquired
unknown
Industry
energy / gas, utility
Target location
FL, US
Seller kind
Family
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
8 named
Buy side
  • C••••••••• E••••••, Partner at MPE, added, “With the combination of P•••••••• and S•••••, we are building a larger organization that is well equipped to deliver exceptional services to the utility industry across a broader geographic footprint and customer base.
  • M•• P••••••• (“MPE” or “Morgenthaler Private Equity”), along with its portfolio company P•••••••• P••••••• (“P••••••••”), announced today the acquisition of S••••• U••••••••• (“S•••••”).
  • M•• P••••••• (“MPE” or “Morgenthaler Private Equity”), along with its portfolio company P•••••••• P••••••• (“P••••••••”), announced today the acquisition of S••••• U••••••••• (“S•••••”).
Financing side
Advisory side
  • J•••• D••Legal adviserconfirmed
    J•••• D•• served as legal advisor to MPE.
Side not stated
  • K••••• B••••, Founder and President of S•••••, stated, “I am exceptionally proud of what the entire S••••• team has accomplished and look forward to partnering with P•••••••• to support S••••• through its next phase of growth.
  • M••• C••••••, Chief Executive Officer of P••••••••, said, “Through a relentless focus on safety, reliability, and quality, S••••• has established itself as one of the premier natural gas utility services providers in Florida.
  • M•• P••••••• (“MPE” or “Morgenthaler Private Equity”), along with its portfolio company P•••••••• P••••••• (“P••••••••”), announced today the acquisition of S••••• U••••••••• (“S•••••”).
Evidence
M•• P••••••• (“MPE” or “Morgenthaler Private Equity”), along with its portfolio company P•••••••• P••••••• (“P••••••••”), announced today the acquisition of S••••• U••••••••• (“S•••••”).
M•• P••••••• and P•••••••• P••••••• Announce the Acquisition of S••••• U••••••••• | Private Equity Intelligence | DFX