Advent Technologies to Acquire fischer Group’s Fuel Cell Systems Businesses (SerEnergy and fischer eco solutions)

Sleeping Bear Capital Acquires Ultra Electronics' Fuel Cell Business, Rebrands as Adaptive Energy

January 14, 2019

Energy

Sleeping Bear Capital, a newly formed San Francisco-based private equity firm, acquired the fuel cell manufacturing business unit of Ultra Electronics and relaunched it as Adaptive Energy LLC. Adaptive Energy — based in Ann Arbor, Michigan — designs and manufactures solid oxide fuel cells (SOFC) for backup and portable power, and serves customers including Lockheed Martin and RedHawk under long-term supply agreements.

Edge Autonomy Acquires Adaptive Energy

August 8, 2022

Manufacturing

Edge Autonomy, a PE-backed unmanned systems platform, has acquired Adaptive Energy, a designer and manufacturer of microtubular solid oxide fuel cells (SOFC) used for backup, off-grid and UAV power. The add-on acquisition — backed by Edge Autonomy sponsor AE Industrial Partners — brings Adaptive Energy's patented SOFC technology and installed base (~2,000 systems) into Edge Autonomy's unmanned platform ecosystem to extend mission duration and performance.

Trinity Consultants Acquires ADVENT Engineering Services

July 18, 2018

Consulting

Trinity Consultants has acquired ADVENT Engineering Services, which will operate as a Trinity company led by Albert Dyrness. The acquisition expands Trinity’s life‑sciences consulting capabilities to include process development, process and automation engineering, CQV (commissioning, qualification and validation), and project management for biopharmaceutical and related manufacturers.

Hydrasun (SCF-backed) Acquires Fuel Cell Systems Ltd.

September 28, 2022

Renewable Energy

Hydrasun, backed by SCF Partners, has acquired Fuel Cell Systems Ltd., a UK provider of hydrogen systems including fuel cells, modular electrolyzers, compression, storage and refueling systems. The acquisition expands Hydrasun's hydrogen systems capabilities and proprietary technology with plans to scale manufacturing, recruit staff and accelerate R&D.

Tencarva Machinery Company (Bessemer-backed) Acquires Fischer Process Industries

August 22, 2022

Industrial Services

Tencarva Machinery Company, a portfolio company of Bessemer Investors, has acquired Fischer Process Industries (including Fischer Process-South). The add-on expands Tencarva's flow-control product offering with valves and strengthens its geographic footprint across Ohio, Indiana, Kentucky and Georgia; financial terms were not disclosed.

Sensata Technologies Acquires Dynapower Company LLC from Pfingsten Partners

July 13, 2022

Industrial Services

Sensata Technologies agreed to acquire Dynapower Company LLC, an energy storage and power conversion systems provider, from private equity firm Pfingsten Partners for $580 million in cash. The transaction closed on July 12, 2022.