.
MergerLinks Header Logo

New Deal


Announced

Cordia completed the acquisition of three energy systems from Essential Utilities for $165m.

Financials

Edit Data
Transaction Value£135m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

Completed

Private

Majority

Conventional Electricity

Acquisition

Microgrids

energy systems

United States

Friendly

Single Bidder

Synopsis

Edit

Cordia, a provider of safe, reliable, and sustainable energy solutions, completed the acquisition of three energy systems from Essential Utilities, a company that delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities, for $165m. "We are excited to acquire these three energy systems. They are a perfect fit for our portfolio and will help us to further our mission of providing safe, reliable, and sustainable energy solutions to our customers. We look forward to working with the Pittsburgh International Airport, Allegheny Health Network, and Allegheny County teams to ensure a smooth transition and continue providing excellent service to their customers," Earl Collins Cordia CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US