Energy Acquisitions in Arizona

EnergyHub (an Alarm.com subsidiary) has acquired Resideo Technologies’ Grid Services demand response business, which will be integrated into EnergyHub’s Edge DERMS and VPP capabilities. Resideo divested the unit to focus on its core residential sensing and controls business; financial terms were not disclosed.

SOLV Energy has acquired Spartan Infrastructure, a Mesa, Arizona-based high-voltage transmission contractor. The acquisition expands SOLV Energy's transmission and distribution (T&D) capabilities, providing the combined company greater scale to pursue larger utility and renewable grid projects across the U.S.; financial terms were not disclosed.

EG Acquisition LLC completed the acquisition of the outstanding common shares of Golden Vertex Corp and certain assets of Elevation Gold Mining Corporation, including the Moss Mine in Arizona. The sale was approved by Canadian and U.S. courts and closed December 31, 2024; following closing, Elevation Gold's directors and officers resigned and the company will have no operating business or material assets.

AM Conservation, a subsidiary of Franklin Energy, has acquired Evolve Technologies, a Scottsdale-based developer and manufacturer of patented water- and energy-saving shower technologies. The acquisition expands Franklin Energy and AM Conservation’s product portfolio and capability to scale water- and energy-conservation solutions through utility channels and other clients.

ARMM Inc. entered into a binding letter of intent to combine with Current Energy and Renewables Corp. (CER), a Scottsdale-based supplier of renewable and traditional energy, in a business combination that will result in CER becoming a publicly traded entity under the name Current Energy and Renewables Corp. The deal is intended to provide CER access to public markets and to help accelerate its expansion of power purchase agreements and energy supply services across deregulated U.S. markets.

D&H United Fueling Solutions acquired Cochise Contractors, Services and Petroleum Equipment (Cochise) of Phoenix, Arizona, adding Cochise’s ~70 employees and expanding D&H’s footprint in the Arizona market. The deal expands D&H’s service offerings and coverage across the Sun Belt and Mountain West, and the combined company will operate ~16 branches with roughly 570 employees; D&H is PE-backed by KLH Capital.

Select Energy Services (NYSE:WTTR) completed the acquisition of Nuverra Environmental Solutions (NYSE American: NES) in February 2022, issuing 0.2551 shares of Select Class A common stock for each Nuverra share and converting Nuverra warrants into Select warrants. The deal brings Nuverra’s pipelines, disposal wells and landfill operations (and more than 350 employees) into Select’s water services platform, expanding its disposal capacity, geographic footprint (Bakken, Haynesville, Northeast) and production-related service offerings.

Cincinnati-based RelaDyne LLC, a portfolio company of Audax Private Equity, has acquired New West Oil Company, an Arizona-based lubricant and commercial fuels distributor with an environmental services division. The deal marks RelaDyne’s first expansion into Arizona and Nevada and adds New West’s team, customer relationships, and used-oil/environmental service capabilities to RelaDyne’s national platform.

Court Square Capital has completed the acquisition of Veregy, an independent energy services company, from Bow River Capital. Veregy provides energy efficiency, smart building technologies, and infrastructure upgrades for public-sector and commercial clients; Court Square will support the company's continued growth and technology-enabled service expansion.

Clairvest Group Inc., together with its fund Clairvest Equity Partners VI (CEP VI), acquired the solar operations and maintenance (O&M) business of SunPower Corporation and will rebrand the business as NovaSource Power Services. The transaction is a management buyout with the SunPower O&M leadership taking material equity; Clairvest intends to build NovaSource as a global buy-and-build solar O&M platform to expand capabilities and geographic reach.