PowerSecure International, Inc (POWR) - NYSE
  • Wed, Feb. 24, 6:12 PM
    • PowerSecure International (NYSE:POWR) +77.8% AH after agreeing to be acquired by Southern Co. (NYSE:SO) for $18.75/share in cash, a 90% premium to today's closing price.
    • SO says it expects the ~$431M deal to expand its ability to provide customized energy products to customers.
    • SO has been expanding through acquisitions, including its ~$12B deal for AGL Resources, which is expected to close in H2 of this year.
    | Wed, Feb. 24, 6:12 PM | 24 Comments
  • Oct. 14, 2014, 11:36 AM
    • PowerSecure (NYSE:POWR) has acquired Power Design's data center energy services unit. The business provides design, installation, and commissioning services for a data center's electrical infrastructure.
    • PowerSecure is paying $13M in cash + up to $2M in earn-outs. From Q3 2013 to Q2 2014, the business had revenue of $24M and op. income of $7.8M. That suggests PowerSecure is paying less than 0.7x sales.
    • The deal is expected to be slightly dilutive to Q4 EPS, and "meaningfully accretive" to 2015 EPS.
    • Thanks to the infrastructure demands of Internet giants and cloud service providers, data center construction activity is expected to remain brisk.
    | Oct. 14, 2014, 11:36 AM
  • Apr. 15, 2013, 2:01 PM

    PowerSecure International (POWR -2%) says it's acquired Solais Lighting, a private company based in Stamford, Connecticuit that makes LED lamps and fixtures for both commercial and industrial markets, for $15M in cash and common stock. The company exppects the transaction to be slightly accretive to revenues and earnings in 2013.

    | Apr. 15, 2013, 2:01 PM
Company Description
PowerSecure International, Inc. engages in the business of providing energy technologies and services to electric utilities and large industrial, commercial, institutional and municipal customers. It provides products and services through four reporting segments: Distributed Generation, Solar... More
Sector: Services
Industry: Business Services
Country: United States