By Generational EquityFeb 9, 2021, 06:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Energy & Resource Solutions, Inc., to DNV GL. The acquisition closed December 30, 2020.
Energy & Resource Solutions (ERS), located in North Andover, Massachusetts, is an engineering consultancy which helps organizations to manage and reduce energy costs through program design, outreach, implementation, and evaluation services.
The growing need to transform energy markets across all sectors and decarbonize energy supply make this acquisition both timely and crucial. The combination of the two companies’ expertise and services creates a unified team that will partner with global customers to address and accelerate the energy transition.
ERS works with utilities, governments, and large commercial and industrial end-users to solve complex energy and resource problems. The firm also has operations in California, Connecticut, Maine, New York, Oregon, and Texas.
Headquartered in Høvik, Norway, DNV GL is a global energy adviser, assurance and risk management specialist, operational in over 100 countries, supporting a range of sectors to decarbonize faster.
“The core goal of ERS has been to promote a healthy, sustainable environment, and joining with DNV GL will add to our abilities to enable our customers to achieve their energy and environmental goals,” said Gary Epstein, President and Founder of ERS. “We could not have a better partner in DNV GL when it comes to our shared commitment to sustainability, managing energy use and mitigating environmental impacts.”
Richard Barnes, Region President, Energy North America at DNV GL – Energy said: “Helping all energy users, whether they are large industries or individuals, change how and how much energy they use is one of the fastest, lowest-investment approaches to reducing carbon emissions, and we need to ensure that the rates of adoption speed up, especially in areas such as manufacturing and building design.”
Barnes added, “The values, ambitions, and dedication to accelerating the energy transition that we share made the decision to join with ERS simple and clear. Our leadership teams both saw where we complement each other, where we each bring in new abilities and services, and see many opportunities to provide our customers with expanded expertise and insights.”
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior Vice President, Mergers & Acquisitions, Ahmad Behjati, with the support of Vice President, Mergers & Acquisitions, Tristan Keefe, successfully closed the deal. Senior Managing Director Ashok Tandon established the initial relationship with ERS.
“At Generational Equity, we have the utmost respect for our environment and the legacy that we will leave behind for the next generations. We immediately realized this merger would be a great win for the environment and renewable energy, as well as provide a path for the excellent work of Energy & Resource Solutions and their staff to continue into the future. This merger is a win-win situation for Energy & Resource Solutions and DNV-GL,” said Behjati.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
it all started with a conference.
start your story today,
speak directly with one of our senior advisors +1-972-232-1121
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Group’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Group to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Group is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Success, you have been added to our list.