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Bear Peak Power Announces The Acquisition Of Grid Projects Co. & The Appointment Of Michael Marcotte As Managing Partner

Mar 04, 2022over 3 years ago

Acquiring Company

Bear Peak Power

Acquired Company

Grid Projects

Denver

Description

Bear Peak Power ("Bear Peak"), a developer of distributed generation and utility-scale and storage projects, announced today that it has acquired Grid Projects Co. ("Grid Projects"). The acquisition provides Bear Peak with a more diverse development portfolio, including access to one of the most attractive solar markets in the country. Bear Peak Power will leverage Grid Projects' pipeline of C&I projects in the Massachusetts SMART program and 18 Megawatts of existing projects under development.

Company Information

Company

Bear Peak Power

Location

Denver, Colorado, United States

About

Bear Peak Power is a renewable energy development company focused on C&I, distributed generation and utility scale solar and energy storage solutions. The Bear Peak team has over 40 years of development and energy industry experience. We have successfully developed over 100 Megawatts in five different states and have 500+ Megawatts under development.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed