Utilities M&A » By The Online Investor Staff, updated Thu., Apr. 18, 11:40 PM
Recent mergers and acquisitions in the Utilities M&A category.
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Slide #11. ForceField Energy Inc. — American Lighting & Distribution
Acquirer:
ForceField Energy Inc. (NASDAQ:FNRG)
Acquiree:
American Lighting & Distribution
Details:
ForceField Energy Inc. (Nasdaq:FNRG) ("ForceField Energy" or the "Company"), a designer, seller and distributor of energy products and solutions, today announced that it completed the acquisition of American Lighting & Distribution ("American Lighting" or "ALD"). Based in San Diego, California, American Lighting is a leading energy-efficient, commercial lighting specialist with over 20,000 installed customers and standing relationships with many major California utilities, including Pacific Gas and Electric Company ("PG&E"), Southern California Edison, and San Diego Gas & Electric. ALD reported unaudited revenues of approximately $7.0 million in 2013, with adjusted EBITDA in excess of $900,000, or a 13% EBITDA margin.
ForceField Energy is a designer, distributor, and licensee of alternative energy products and technologies. The ORC segment consists of the operations of TransPacific Energy, Inc., which designs and installs proprietary modular Organic Rankine Cycle units utilizing refrigerant mixtures to maximize heat recovery and convert waste heat directly from industrial processes, solar and geothermal, biomass converting it into electrical energy. The LED segment consists of the business of ForceField Energy USA, Inc. and ForceField Energy S.A. that distributes LED lighting products manufactured in China by Shanghai Lightsky Optoelectronics Technology Co., Ltd. in the North American markets.
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