Bear Peak Power Announces The Acquisition Of Grid Projects Co. & The Appointment Of Michael Marcotte As Managing Partner
Mar 04, 2022•over 3 years ago
Acquiring Company
Bear Peak Power
Acquired Company
Grid Projects
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.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
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