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New Deal


Announced

Completed

Lime Rock New Energy completed the acquisition of Power TakeOff for $100m.

Financials

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Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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energy efficiency solutions

Software

Private

United States

Acquisition

Majority

Domestic

Completed

Friendly

Single Bidder

Synopsis

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Lime Rock New Energy, a growth equity investor in companies accelerating the energy transition, completed the acquisition of Power TakeOff, a software-enabled energy efficiency services company, $100m. “Lime Rock New Energy is our first institutional partner in our 16-year history, and we’re very excited to work with LRNE as we enter our next chapter of growth. We are proud of what the entire team has built at Power TakeOff to date, and we see significant opportunity to help our utility customers and their small and medium business customers achieve even more energy savings. We believe this partnership will accelerate our service and product offerings and work even more closely with our utility partners to create a more energy efficient, resilient, lower carbon, and lower cost power system," Kevin Martin, Power TakeOff Co-CEO.

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