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Omers Private Equity Announces Agreement To Acquire Knight Commercial, A Leading Provider Of Commercial Restoration Services

PRIVATESep 18, 2023

Acquiring Company

NovaSource Power Services

Acquired Company

Knight Commercial

ChandlerEnergyRenewable EnergySolarConstructionBuilding Maintenance

Description

OMERS Private Equity today announced the signing of a definitive agreement to acquire a majority stake in Knight Commercial (“Knight Commercial” or “the Company”). Knight Commercial’s co-founders, Adam McKelvey and Peter Tredennick, will remain significant shareholders of the Company. Financial terms of the transaction were not disclosed.

Quick answer

NovaSource Power Services is acquiring Knight Commercial, announced September 18, 2023. NovaSource Power Services is based in Chandler, Arizona, United States.

How much did NovaSource Power Services pay for Knight Commercial?
The deal value was not disclosed.
What does NovaSource Power Services do?
NovaSource Power Services, a portfolio company of Clairvest Group Inc. ("Clairvest", TSX: CVG), is a global O&M services provider for renewable energy assets.
Where are NovaSource Power Services and Knight Commercial based?
NovaSource Power Services is based in Chandler, Arizona, United States.
Who are the decision-makers at NovaSource Power Services?
Fundz holds 1 contact at NovaSource Power Services. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

NovaSource Power Services

Location

Chandler, Arizona, United States

About

NovaSource Power Services, a portfolio company of Clairvest Group Inc. ("Clairvest", TSX: CVG), is a global O&M services provider for renewable energy assets. NovaSource seeks to maintain a world-class culture of safety and integrity, while developing lasting partnerships with our customers and team members. As an independent, O&M-focused company, NovaSource is poised to offer even greater value in the design, maintenance, and management of our customers' projects.

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Frequently asked

Who acquired Knight Commercial?

Knight Commercial was acquired by NovaSource Power Services, based in Chandler. The deal was reported on September 18, 2023. NovaSource Power Services, a portfolio company of Clairvest Group Inc. ("Clairvest", TSX: CVG), is a global O&M services provider for renewable energy assets. NovaSource Power Services is privately held and operates in Energy.

When did NovaSource Power Services acquire Knight Commercial?

NovaSource Power Services's acquisition of Knight Commercial was reported on September 18, 2023. OMERS Private Equity today announced the signing of a definitive agreement to acquire a majority stake in Knight Commercial (“Knight Commercial” or “the Company”). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Knight Commercial do?

Knight Commercial provides restoration, construction, and roofing services to a broad set of commercial customers across industrial, multifamily, office, hospitality, and government end markets. It is privately held, operating in Construction.

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