BorgWarner Invests in Enexor BioEnergy

BorgWarner Acquires Rhombus Energy Solutions

August 3, 2022

Energy

BorgWarner Inc. acquired San Diego-based Rhombus Energy Solutions for an enterprise value of up to $185 million, with approximately $130 million paid at closing and up to $55 million in contingent payments. The deal expands BorgWarner's charging business—adding V2G and DC fast-charging capabilities and a North American presence—and leverages BorgWarner's manufacturing, engineering, supply chain, and sales strengths to scale Rhombus's technology.

Krystal Growth Partners Acquires 50% Stake in Enex Energy Corporation

June 25, 2024

Energy

Krystal Growth Partners has acquired a 50% interest in Enex Energy Corporation, a wholesale distributor of Esso fuels and Mobil lubricants that serves commercial customers across Vancouver Island, the Lower Mainland, Northern British Columbia and Alberta. The investment will partner Krystal's capital and expertise with Enex management to support the company's next phase of growth, including market and product expansion.

Romeo Power Completes Acquisition of BorgWarner Joint Venture Interest

February 7, 2022

Energy

Romeo Power, Inc. completed the previously announced acquisition of BorgWarner’s interest in the joint venture between the two companies for $28.6 million in cash. The deal gives Romeo Power full control of the JV assets and intellectual property, removing commercial restrictions and enabling broader commercialization and expansion into new vehicle classes and geographies.

Newlight Partners LP Makes $106M Growth Investment in Bioenergy DevCo

August 8, 2019

Renewable Energy

Bioenergy DevCo, a developer and operator of anaerobic digestion facilities, received a $106 million minority growth investment from Newlight Partners LP. The capital will be used to expand Bioenergy DevCo's operational footprint across North America to build and operate additional renewable natural gas and organics-recycling facilities.

BV Investment Partners Makes Majority Investment in Resource Innovations and Adds Nexant

May 12, 2021

Energy

BV Investment Partners made a majority investment in Resource Innovations and concurrently combined the business with energy software and consulting firm Nexant to create a larger, integrated energy efficiency and software solutions platform. Lauren Casentini will lead the combined company as CEO as BV looks to accelerate product development and expand presence in demand response, distributed energy resources, and electrification markets.

Atar Capital Acquires BorgWarner's North American Controls Business (Renamed Solero Technologies)

January 6, 2022

Automotive

Atar Capital completed the carve-out acquisition of BorgWarner's North American Controls (BWNAC) business, a Detroit-headquartered maker of transmission and engine solenoids, hydraulic control modules and related products. The business has been renamed Solero Technologies and will operate as a standalone company focused on growth, diversification and serving OEM and industrial end markets.