Certek Acquires GEV Wind Power

Bridges-backed GEV Wind Power Acquires Denmark's Wind Power LAB

April 15, 2021

Renewable Energy

GEV Wind Power, backed by Bridges Sustainable Growth Funds, has merged with Danish Wind Power LAB to create a combined global provider of blade inspection, predictive maintenance and repair services for wind turbines. The deal brings Wind Power LAB’s machine learning–enabled blade-inspection capabilities into the Bridges-backed GEV platform to expand technology-enabled blade services and accelerate global growth.

Edgewater Funds and Partners Invest in Turbine Engine Specialists (TES)

October 17, 2023

Aerospace & Defense

Edgewater Growth Capital Partners V, L.P. led an investment in Turbine Engine Specialists (TES), a Fort Worth, Texas–based aftermarket provider of turbine engine MRO, rental and parts distribution for the global private aviation market. The transaction includes co-investors Banbury Private Capital, HF Capital and existing investor Killick Capital; TES will retain its full leadership team as the investors provide capital to support the company’s growth initiatives.

SCF Partners Acquires Global E&C from Global Energy Group

February 15, 2023

Energy

SCF Partners has announced an acquisition investment in Global E&C (GEC), a digitally enabled engineering, maintenance and commissioning contractor headquartered in Aberdeen, from parent Global Energy Group. The investment will support GEC's growth, accelerate its digital and decarbonization capabilities, and position the business to expand its offshore and onshore energy services.

Kerogen Capital and Thrive Renewables Invest in Geothermal Engineering Ltd

March 8, 2023

Renewable Energy

Kerogen Capital (through its CelerateX platform) and Thrive Renewables plc provided £15 million of funding to Geothermal Engineering Limited (GEL) — £12 million from Kerogen and £3 million from Thrive — to advance the United Downs deep geothermal project in Cornwall and accelerate GEL's UK geothermal portfolio. The capital will fund completion of the United Downs plant (targeting electricity production by 2024) and support GEL's goal of delivering 25 MWe of baseload electricity and 100 MWth of heat across its portfolio by 2028.

Enbridge Acquires Tri Global Energy

September 29, 2022

Renewable Energy

Enbridge Inc. acquired U.S. renewable project developer Tri Global Energy for US$270 million in cash plus assumed debt, with up to ~US$50 million in contingent payments. The purchase brings TGE’s ~7 GW wind and solar development portfolio and its development team into Enbridge’s renewables platform to accelerate North American growth in wind and solar.

Innovative Emissions Control Inc. Acquires Cormetech, Inc.

March 14, 2022

Manufacturing

Innovative Emissions Control Inc. (IEC), a special-purpose investment company founded by John Moore and Edoardo Bugnone, has completed a transaction to acquire Cormetech, Inc.; terms were not disclosed. IEC said the investment will provide growth capital and long-term ownership stability to support Cormetech's global expansion and development of new technologies, including work in carbon capture and water treatment.