Oaktree has sold OpTerra Energy Services to ENGIE

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that OpTerra Energy Services and its affiliated companies (“OpTerra” or the “Company”) have been acquired by a member of the ENGIE Group (“ENGIE”). The Company was a portfolio holding of funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a global alternative investment management firm based in Los Angeles, California.

Headquartered in Oakland, California, OpTerra has a unique national presence as a leader in the design and implementation of customized projects that support both public- and private-sector clients in reducing their energy consumption and cost. The Company, with its team of over 200 engineers and technical staff, is recognized nationally across its 25 regional U.S. offices as the go-to provider for comprehensive energy project development. Over the past 40 years, OpTerra has supported customers across multiple industries in achieving over $2 billion in energy savings, enhancing energy performance in K-12 education, colleges and universities, commercial and industrial firms, healthcare, IT and municipal markets.

Frank Demaille, President and CEO of the North American business unit of ENGIE, commented, “With OpTerra, ENGIE is building an important link within our energy services offerings to optimize resources for commercial, industrial and public-sector clients. Through data analytics, ENGIE identifies sites that can reduce consumption, OpTerra designs and implements projects that can achieve decreased consumption and ENGIE’s services team can then perform the operations and maintenance on-site.”

“ENGIE is an ideal home for OpTerra to deliver meaningful energy efficiency and sustainable solutions to a vast array of customers in the U.S.,” said John Mahoney, CEO of OpTerra. “This acquisition is in line with our long-term growth strategy, and the entire OpTerra team is ready to leverage ENGIE’s presence here to broaden our suite of offerings to our current and future customer base.”

“We are very pleased to have completed the sale of OpTerra to ENGIE and are thankful to the exceptional management and staff at OpTerra for their tremendous efforts and wonderful partnership over the years that led to this successful outcome,” said Jason Lee, Managing Director in the Power Opportunities Group of Oaktree.

Lincoln acted as the exclusive sell-side advisor to Oaktree and the Company, working closely with the management team and shareholders throughout the sale process. Mr. Lee commented, “Lincoln’s disciplined process, execution expertise and hands-on approach contributed significantly to the successful execution of this transaction.”

About Oaktree Capital Management, L.P.

Oaktree is a leading global investment firm focused on alternative investments, with $97 billion in assets under management as of December 31, 2015. Oaktree’s Power Opportunities Group invests in profitable, growing companies with innovative products and services used in the energy and power industries. The firm emphasizes a value-oriented and risk-controlled approach to investments. Headquartered in Los Angeles, the firm has over 900 employees and offices in 17 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com.

  • 2016
    Close Year
  • Energy, Power & Infrastructure | Industrials
  • Private Equity
    Client Type
  • Strategic | Domestic
    Transaction Type
  • USA | France

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