Greentech Advises


Greentech Advises Lime Energy on its Sale to Willdan
November 13, 2018

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

$120,000,000November 2018

*

CLIENT OVERVIEW

Lime Energy (“Lime”) is one of the leading fully-integrated building energy efficiency platforms for small- and medium-sized U.S. businesses. Its solutions include utility program design and administration, data-driven market intelligence, energy efficiency sales to end-customers, project implementation, and measurement verification, all delivered through Lime’s technology platform. Lime has served 10 of the top 25 U.S. electric utilities and 5 of the top 10 municipal utilities in the U.S.

* Mandated through Greentech Capital Advisors Securities, LLC

TRANSACTION OVERVIEW

  • On November 9th, 2018, Willdan Group, Inc. (NASDAQ:WLDN) completed its acquisition of Lime in an all-cash transaction valued at $120 million, exclusive of customary holdbacks and adjustments, which was previously announced on October 3rd, 2018
  • The combination creates a more competitive player in the energy efficiency market with a wider utility customer base
  • The acquisition of Lime expands and diversifies Willdan geographically, positioning the company for upcoming expansion in the Northeast and California
  • The transaction represents an enterprise value multiple of 10x Lime’s projected 2018 EBITDA

The transaction press release can be found at:

Press Release

Greentech Capital Advisors acted as exclusive financial advisor to Lime Energy. The transaction further strengthens Greentech’s leading advisory position in the energy efficiency services market. For additional information about this transaction, please contact:

Duncan Williams
Partner
+1 (415) 697-1560
duncan@greentechcapital.com

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

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