Contracts: Clarke Energy Acquires GE’s Jenbacher in South Africa; RCapital Buys Energy Management Firm
Clarke Energy has made two key acquisitions in South Africa – GE’s South African Jenbacher gas engines Service Business and Agaricus Trading Pty, official sales representative of GE Jenbacher in the region. In parallel, Clarke Energy has been awarded the status of Jenbacher gas engines distributor and service provider in South Africa, Mozambique and Botswana. Clarke Energy will continue to deliver added value to the Jenbacher product platform through engineering and installation of gas-fueled power plants and aftersales support. Existing customers with GE maintenance contracts will be transferred to Clarke Energy.
These two acquisitions further expand Clarke Energy’s reach in Africa following the establishment of an East African hub in Tanzania in 2012. South Africa is an established country in terms of using GE’s gas engines technology with an existing installed base of about 80 MW of Jenbacher gas engines. These units are operating on conventional gaseous fuels such as natural gas and landfill gas alongside more unusual gases such as those produced by industrial processes. The country also sits on significant fields of unconventional gas contained within shale rock. There have been discoveries of natural gas off the coast of Mozambique, with the country being set to be a key player in the global LNG market. Botswana sits on reserves of unconventional gas, such as those associated with coal deposits.
Four Seasons Group, a UK provider of building energy management services to the commercial property and education sectors, has been acquired by investment firm RCapital for $48 million. Four Seasons, which has operations in High Wycombe, Leicester, Nottingham, Bristol, Cardiff and Royston, is an energy management-led building services provider, supplying installation, maintenance and energy management services to commercial customers. It has also carved out a specialist position providing environmental and critical airflow controls to universities including Brunel, Manchester, Bristol and Warwick in the UK, Erasmus in Holland and the Masdar Institute in Dubai. The transaction provides the Four Seasons team with the capital and support to drive the next stage of growth, while providing an exit for its investors, including Barclays Ventures.
Lynx Equity has acquired Valuelight, a Canadian LED lighting fixture manufacturer and distributor. Valuelight joins Lynx’s expanding portfolio of 28 subsidiaries, including lighting businesses, Southwest Energy Control Systems and TechniLite. Valuelight is Lynx’s eighth acquisition in 2013. Lynx Equity is a private equity firm focusing on acquiring small and medium-sized businesses from owners looking to retire. Lynx targets transactions between $2 million and $8 million and utilizes a buy and hold strategy.
- Strategies for a Successful EHS&S Software Selection
- 2015 Insider Knowledge
- How the IoT is Reshaping Building Automation
- Choosing the Correct Emission Control Technology
- Shifting the Focus from End-of-Life Recycling to Continuous Product Lifecycles
- There’s Money in the Trash
- The Missing Puzzle Piece: Automated Utility Data Aggregation
- It's Time for Today's EHS and Sustainability Professionals to Embrace Big Data
- Energy Manager Today Awards Top Products and Top Projects of the Year
- 10 Tactics of Successful Energy Managers