PowerSecure International, IncNASDAQ
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  • 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