Energy & Sustainability M&A Activity — May 2023

By Thomas R. Burton, III, Sahir Surmeli

April 11, 2023: Siren Energy, a provider of global energy transition technology intended to work with lower-emission fuels, was acquired by Liberty Energy. The $78 million acquisition will hasten the growth of Liberty Power Innovations – a provider of integrated alternative fuel and power solutions that utilize natural gas to generate electricity remotely. Siren Energy engages in the global energy transition towards net zero emissions by providing alternative bulk fueling via CNG, RNG, and hydrogen, as well as pipeline support and flare-capture services, thereby enabling the reduction of customers’ carbon footprint.

April 19, 2023: Sunenergy Renewables, a provider of integrated rooftop solar, energy storage, and energy efficiency solutions, entered into a definitive business combination agreement with ESGEN Acquisition Corp. The proceeds from the transaction will help Sunergy’s plans to consider strategic acquisitions of attractive targets to fuel growth and consolidate smaller companies in the heavily fragmented residential solar industry.

 

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    Energy & Sustainability Connections — May 2023

    May 26, 2023| Article|

    Authors

    Thomas R. Burton, III

    Member / Chair, Energy & Sustainability Practice

    Tom Burton has helped to shape the clean energy industry by drawing on his passion for innovation. As a Mintz attorney, Tom counsels investors, entrepreneurs, and Fortune 100 companies. He also guides start-up organizations and accelerators to foster the next generation of energy leaders.

    Sahir Surmeli

    Member / Co-chair, Energy & Sustainability Practice

    Sahir Surmeli is a Mintz business counselor who advises companies, boards, entrepreneurs, investment banks, and venture and private equity investors as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures, and strategic partnerships.