Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

April 2011


Summit Energy Services, Inc.
Sale to Schneider Electric SA
$268.0 Million


Robert W. Baird & Co. served as the exclusive financial advisor to Summit


Summit Energy Services, Inc. (“Summit”), a portfolio company of Weston Presidio, was recently acquired by Schneider Electric SA (“Schneider Electric”) (ENXTPA: SU) for a total purchase price of $268 million.

Summit is the leading independent provider of outsourced energy management and sustainability services to industrial, commercial and institutional enterprises worldwide. Summit serves client facilities in more than 90 countries from 11 international offices across North America and Europe. Headquartered in Louisville, Kentucky, Summit’s 350 experienced professionals design and implement strategies to mitigate risk and manage the complex energy and environmental needs of some of the world’s largest organizations.

Weston Presidio is a leading private equity firm focused on growth capital investments across a range of sectors including business services, manufacturing and industrial and consumer and retail. Since its founding in 1991, it has managed five investment funds aggregating over $3.3 billion. The Weston Presidio team has helped identify, build and maximize value in over 300 leading growth companies.

Headquartered in Paris, France, Schneider Electric is a global specialist in energy management with operations in more than 100 countries. Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation and data centers/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, Schneider Electric’s 110,000 plus employees achieved sales of €19.6 billion in 2010, through an active commitment to help individuals and organizations “Make the most of their energy.”

For additional information about this transaction, please contact:
Co- Head of Global M&A
(704) 553-6611
Managing Director
(617) 426-5789
Managing Director
(414) 765-7262
Managing Director
(414) 298-7669
Managing Director
44 (0) 207 667 8414
Vice President
(414) 298-5018

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