Houston-Officing Electricity Independent LS Power Buying CPower

November 30, 2018

 

Employee-owned independent power company LS Power has a new agreement to buy Enerwise Global Technologies.

The definitive agreement for LS to buy the energy management firm — which has a trade name of CPower — is expected to close in December, LS said Friday.

Details of the transaction have not been disclosed, but CPower is expected to continue operating as a stand-alone company as part of the LS Power group.

LS Power has offices in Houston as well as New York, New Jersey, California and Missouri, and is known as a developer, owner, operator and investor in power generation and electric transmission infrastructure.

CPower specializes in North American demand response and distributed energy resources.

Middle market investment bank Harris Williams — a subsidiary of the NC Financial Services Group, Inc. — is advising Enerwise on the sale.