M&As this week: V-Bar and Energy Services Group
V-Bar has entered an agreement to merge with Chinook Wind, a consulting firm specialising in wind energy applications.
The merged company plans to launch a brand roll-out in Q2, 2017.
V-Bar is a meteorological and wind resource support provider and both companies involved in the transaction are based in the US.
Energy Services Group (ESG) has announced acquisition of Utiligroup from NorthEdge Capital, a private equity firm.
Based in the US, ESG offers technology solutions to the retail energy and utility industries, while Utiligroup is a UK-based company offering software as a service (SAAS) solutions to the utilities and energy industry.
Utiligroup has been providing SaaS solutions since 1997.
Results International Group is the financial advisor for the transaction, while ESG engaged Brodies and Kirkland & Ellis to provide legal advisory services.
ESG aims to strengthen its global customer footprint and accelerate its product innovation roadmap through the acquisition.