Radius Mechanical Acquires National Grid's Energy Management Business
October 11, 2023
Radius Mechanical, a New Rochelle-based commercial mechanical services firm, acquired National Grid's Energy Management business (NGEM) from National Grid in a divestiture. The deal transfers NGEM's portfolio of long-term commercial and municipal energy plant operations and maintenance contracts — including work for NYCHA and several Fortune 500 clients — to Radius; terms were not disclosed.
- Buyers
- Radius Mechanical
- Targets
- National Grid Energy Management
- Sellers
- National Grid
- Industry
- Energy
- Location
- New York, United States
- Transaction Type
- Divestiture
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