Pilot Wave Holdings Acquires Cormorant Atlantic Utility Services (CAUSC)

March 18, 2021

Pilot Wave Holdings, a technology-focused acquisition and growth firm, has acquired Cormorant Atlantic Utility Services Corporation (CAUSC) — a provider of transmission, distribution and substation services to the utilities sector — in a carve-out from Cormorant Utility Services Limited. The buyer said it will augment CAUSC's service capabilities with modern technology to drive scalability and accelerated growth; Cormorant Utility will remain a shareholder in the new company.

Targets
Cormorant Atlantic Utility Services Corporation (CAUSC)
Sellers
Cormorant Utility Services Limited, CFFI Ventures Inc.
Industry
Utilities
Location
Nova Scotia, Canada
Transaction Type
Divestiture

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