Deal Details
sale of majority stake to Duke Energy Corporation
Summary
Baird served as the exclusive financial advisor to Phoenix Energy Technologies, Inc. on this transaction.
About
Phoenix Energy Technologies, Inc. (“Phoenix”) recently announced the sale of a majority stake to Duke Energy Corporation (“Duke”). Terms of the transaction were not disclosed.Phoenix is a leading provider of Enterprise Energy Management software and services for multinational retailers, theatres, universities and corporations. The Company provides commercial customers with actionable data to control their energy usage and costs through an enterprise energy information and management SaaS platform. Phoenix is headquartered in Irvine, California.
Duke is the largest electric power holding company in the United States. The Company’s regulated utility operations serve approximately 7.3 million electric customers located in six states in the Southeast and Midwest. Duke’s commercial power and international energy business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Duke is headquartered in Charlotte, North Carolina.
For additional information about this transaction, please contact:
- Date
- October 2015
- Company
- Phoenix Energy Technologies, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
- Acquiror Geography
- North America
Share
