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New Deal


Announced

Completed

Cordia completed the acquisition of three microgrids and district energy systems in Allegheny County from Essential Utilities for $165m.

Financials

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

Tags

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United States

utility

Multi-Utilities

Acquisition

Domestic

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Cordia, an energy solutions provider, completed the acquisition of three microgrids and district energy systems in Allegheny County from Essential Utilities, an utility company, for $165m. "We are excited to announce the successful completion of the acquisition of three cutting-edge energy systems in Allegheny County. These strategic acquisitions not only strengthen Cordia's presence in the Pittsburgh region but also emphasizes our commitment to supporting critical institutions with efficient and sustainable energy solutions," Earl Collins, Cordia CEO.

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