White Deer has acquired Costa Mesa, California-based EV Infrastructure’s design-build business. No financial terms were disclosed.
HOUSTON (PRWEB) NOVEMBER 12, 2020
White Deer Energy (“White Deer”) has announced the acquisition of Renewable Energy Infrastructure Group’s electric vehicle infrastructure design-build business (“EV Infrastructure” or “the Company”). Financial terms of the transaction have not been disclosed.
EV Infrastructure is a leading provider of EV infrastructure engineering and construction services, primarily to commercial fleet operators. Founded in 2012, the Company is focused on the engineering and construction of level 2 and level 3 high power fast-charging stations, which typically serve utility, commercial, and municipal applications. EV Infrastructure is an experienced provider of turnkey EV infrastructure installation solutions from inception to commissioning, which includes design/consulting in the planning phase to installation management services in the execution phase.
Meghan Leggett, Principal at White Deer, commented, “As a first mover in the space, EV Infrastructure has distinguished itself as the premier EV charging infrastructure design and build company. We look forward to partnering with Kelly and the EV Infrastructure team in supporting the Company’s future growth.”
Jim Meneely, Partner at White Deer, added, “EV Infrastructure is our first platform investment in the electric vehicle sector. We believe that EV Infrastructure provides White Deer further exposure to the energy transition via the rapid build-out of EV infrastructure while still staying true to White Deer’s core competency of investing in and managing products and services businesses in the broader energy space.”
“We have experienced tremendous growth over the past several years and are proud of the team and infrastructure we have built,” said Kelly Fishback, CEO of EV Infrastructure. “We look forward to partnering with White Deer to continue this growth by increasing our presence in existing markets and expanding into new states.”
White Deer was advised by Locke Lord LLP and Alvarez and Marsal, LLC. EV Infrastructure was advised by FMI Capital Advisors and Greenberg Traurig, LLP.
About EV Infrastructure (https://www.evidb.com/):
Founded in 2012 and located in Costa Mesa, California, EV Infrastructure is a leading provider of EV infrastructure engineering and construction services, primarily to commercial fleet operators. With over 1,000 charging points installed, EV Infrastructure has been a key partner to many of the largest constituents in the EV marketplace.
About White Deer (http://www.whitedeerenergy.com/):
White Deer is a middle market private equity firm that invests in companies participating in the supply chain that supports the energy, industrials and infrastructure sectors. The firm relies on a thematic, research-based investment approach and deep industry knowledge to create sustained value for its companies, investment partners and employees. The firm, which is based in Houston and New York, has raised in excess of $2.7 billion of committed capital since its founding in 2008.