Greentech advises Onsite Energy on the sale of substantially all of its assets to Willdan
July 2, 2019
Onsite Energy (“Onsite”) is an energy efficiency services and project implementation firm based in Carlsbad, California, that specializes in energy upgrades and commissioning for industrial facilities. It provides a suite of turn-key services including Energy Efficiency Audits, Energy Project Feasibility Studies, Energy Project Scoping and Specification, Energy Project Implementation, and Energy Efficiency Incentive Procurement and Administration. Onsite has over 35 years of experience in energy efficiency and has cumulatively saved clients over 2.6 TWh through energy efficiency programs.
- On July 2nd, 2019, Willdan completed its acquisition of substantially all the assets of Onsite, which was previously announced on June 19th, 2019
- Combining Onsite’s knowledge of industrial customer needs and Willdan’s innovative software and engineering will allow Willdan to significantly expand its service offerings in the industrial sector
- This acquisition seeks to provide utilities and industrial customers with deeper engineering support for energy saving initiatives, as well as broader technical services on a national footprint
Willdan Group, Inc. (NASDAQ:WLDN) (“Willdan”) is a U.S. nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting.
Greentech Capital Advisors acted as exclusive financial advisor to Onsite. The transaction further strengthens Greentech’s leading advisory position in the energy efficiency services market.
The press release of the initial announcement can be found at:
The press release of the completed transaction can be found at:
For additional information about this transaction, please contact:
+1 (415) 697-1561