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Retail Supplier Affiliate Completes Acquisition of CPower
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LS Power, an affiliate of retail supplier LifeEnergy, LLC, today announced that it has completed its previously announced acquisition of Enerwise Global Technologies, Inc. (trade name "CPower") for a private fund it manages.
CPower provides Demand Response and Distributed Energy Resources in North America and will now operate as a stand-alone entity under the LS Power umbrella of companies.
"This acquisition underscores LS Power's ongoing focus on deploying its considerable power industry expertise in critical and growing sectors of the market," LS Power said
"As a result of this transaction, CPower is positioned to more quickly advance its growth strategies," LS Power said
LS Power acquired CPower from H.I.G. Capital.
H.I.G. had formed CPower as an independent company in October 2014 through the spin-off of CPower from Comverge, and simultaneous merger with the demand response business of Constellation.
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December 21, 2018
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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