Greentech Advises


Greentech advises Onsite Energy on the sale of substantially all of its assets to Willdan
July 2, 2019

Greentech Capital Advisors is pleased to announce the following transaction:
Exclusive financial advisor on the sale of substantially all of its assets to

UndisclosedJuly 2019

*

CLIENT OVERVIEW

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.

* Mandated through Nomura Greentech Capital Advisors, LLC (formerly known as Greentech Capital Advisors Securities, LLC)

TRANSACTION OVERVIEW

  • 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

Acquirer Overview:

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:

Press Release

The press release of the completed transaction can be found at:

Press Release

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For additional information about this transaction, please contact:

Michael Horwitz
Partner
+1 (415) 697-1561
mhorwitz@greentechcapital.com

On April 1, 2020, Nomura Holding America Inc. acquired Greentech Capital Advisors Securities, LLC, a broker-dealer registered with the U.S. Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory authority (“FINRA”), and renamed it Nomura Greentech Capital Advisors, LLC (“NGCA LLC”). Clients who engaged with Greentech Capital Advisors Securities, LLC prior to April 1, 2020 will remain clients of NGCA LLC, unless otherwise notified. Otherwise, all activities of Nomura Greentech in the U.S. are conducted by Nomura Securities International, Inc. (“NSI”), a broker-dealer registered with the SEC and a member of FINRA. All services of Nomura Greentech conducted outside of the U.S. will continue to be provided by Greentech Capital Advisors, AG, located in Switzerland and renamed Nomura Greentech Capital Advisors, AG (“NCGA AG”). NGCA AG does not provide services that require it to be licensed as a broker-dealer in Switzerland and is not so licensed. As of April 1, 2020, NSI, NGCA LLC, and NGCA AG are affiliates under common control. The greentechcapital.com web domain provides information about NGCA LLC, NSI and NGCA AG.

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