ABM Industries Incorporated /
RavenVolt, Inc.
ABM Industries to acquire RavenVolt in microgrid deal
- Price
- $170m
- Stage
- Agreement signed
What happened
ABM Industries Incorporated agreed to acquire RavenVolt, Inc. in an all cash transaction. RavenVolt provides turn-key microgrid systems to commercial and industrial customers, retailers, utilities, and municipalities.
The consideration includes $170 million in cash at closing and up to $280 million in earn-out payments, subject to defined EBITDA targets.
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ABM Industries to acquire RavenVolt in microgrid deal
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