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.