Advised on Sale of CompanyEnergy & Utilities
Acquired Majority Control of Business Operations
Royal Dutch Shell’s affiliate, Shell New Energies, made a strategic investment in GI Energy and acquired a majority interest; their 6th investment in distributed energy resources since the beginning of 2017. IMAP Falls River Group (FRG) acted as exclusive financial advisor to GI Energy, a leading provider of on-site energy solutions in North America.
Shell’s New Energies business was created in 2016 to explore commercial models supporting the world’s energy transition. GI Energy’s relationship with Shell means the company can combine its development strengths with Shell’s appetite for long-term asset ownership, their balance sheet and ability to solve commodity pricing challenges.
IMAP FRG generated tremendous interest in the opportunity globally, with over 30 potential partners signing confidentiality agreements. Multiple indications of interest were received and IMAP FRG closed the transaction within six months.