Uncovering actionable deal opportunities for private equity, venture capital, angel investors and investment bankers by reading the data, not the rumors. Highlighting 10 companies that have a high liklihood of being “in market” for a transaction.
Pay close attention to the “Keywords of Interest” – these are terms the company is actively searching at 2x – 3x their normal baseline rate.
Past Predictive Deal Signals Issues:
Columbia Power Technologies
Charlottesville, Virginia, United States
Company Summary
Columbia Power Technologies, Inc. (C·Power) is developing wave energy systems and has a patent portfolio to protect its IP. The approach focuses on the cost of ownership and cost of operating assets, while improving service levels.
| Key Data Points | |
|---|---|
| Founded | 2005 |
| Headcount | 11 |
| Funding to Date | $10.4M |
| Last Round | September 2017 |
| Last Round of Investors | E8, Oregon Angel Fund |
| Estimated Revenue | $532K |
| CEO | Reenst Lesemann |
Intent to Transact Score
Keywords of Interest
Ancillary Signals
Our Take
C Power’s latest round of $8.2M was used to get the company to revenue. Based on estimates, the company has been successful in this effort.
C Power has likely bled through most of the cash and is looking to raise another round of growth capital. The machinery/product is very expensive, so to scale the tech will take a fresh capital injection.
A later stage venture round will support the company through its final stages of testing, team growth, and manufacturing pipeline.
Potential Mandates
- For Venture Funds: Series B / C
- For I-Bankers: Advisory work in raising Series B / C
- Strategics: Could be open to strategic investment from someone that could help scale manufacturing operations
LGCY Power
Lehi, Utah, United States
Company Summary
LGCY Power is a residential solar panel distribution company. Through a strategic partnership with SunRun, they provide solar energy to consumers with no initial investment.
| Key Data Points | |
|---|---|
| Founded | 2014 |
| Headcount | 356 |
| Funding to Date | NA |
| Last Round | NA |
| Last Round of Investors | NA |
| Estimated Revenue | $250M |
| CEO | Doug Robinson |
Intent to Transact Score
Keywords of Interest
Ancillary Signals
Our Take
LGCY has no debt and no investors. It has been a solid platform company to scale residential. In the last month, the sold 10MW’s of solar. In the last 6 years, they installed 600MW’s of solar.
A fresh round of capital could support their aggressive growth in the US and slower, but demonstrated, growth in Sub-Saharan Africa.
These insights could also be a signal of a desire to sell lower-performing divisions (such as the African subsidiary) or to buy up new international players to enter international markets.
Potential Mandates
- For Venture Funds: Late-stage series round or potential purchase of a subsidiary
- For I-Bankers: Advisory work in raising later stage series, sell-side of weaker subsidiaries, buy-side of international residential players, restructuring advisory
- Strategics: Could be open to strategic investment from someone that could scale international efforts
Origis Energy
Miami, Florida, United States
Company Summary
Origis Energy delivers excellence in solar and energy storage development, financing, engineering, procurement and construction (EPC) and operations, maintenance and asset management for investors and clean energy consumers across Europe and the Americas.
| Key Data Points | |
|---|---|
| Founded | 2008 |
| Headcount | 67 |
| Funding to Date | $100M |
| Last Round | November 2016 |
| Last Round of Investors | Baltisse |
| Estimated Revenue | $4.7M |
| CEO | Guy Vanderhaegen |
Intent to Transact Score
Keywords of Interest
Ancillary Signals
Our Take
Origis’ last round was a private equity deal with Baltisse. The company has been able to grow organically and has set up a new shop in Chile for Latin American efforts. Based on intent data, we could see Origis eyeing a potential IPO.
An IPO would be a solid exit for Baltisse and earlier backers, but in this phase, Origis may be looking to buy up some smaller Latin American players because their launch into the market has been slow.
Potential Mandates
- For Venture Funds: Potential exit
- For I-Bankers: Potential IPO advisory, buy/sell-side advisory for subsidiaries
- Strategics: Could be open to strategic investment from someone that could support Latin American growth
Borrego Solar Systems
San Diego, California, United States
Company Summary
Borrego Solar Systems develops commercial, residential and public sector turnkey, grid connected solar electric systems
| Key Data Points | |
|---|---|
| Founded | 1980 |
| Headcount | 378 |
| Funding to Date | $128.7M |
| Last Round | August 2012 |
| Last Round of Investors | Walsin Lihwa |
| Estimated Revenue | $36M |
| CEO | Mike Hall |
Intent to Transact Score
Keywords of Interest
Ancillary Signals
Our Take
The largest US commercial solar company seems to be exploring growth options via M&A, adding projects to portfolio or new developmental subsidiaries, or new strategic energy financing partners. A new partner could grant better terms to Borrego to encourage Borrego to become a holding company of solar assets.
Borrego’s economics could suggest a potential IPO in the relatively short future, but the company may want to finalize a deal beforehand to build momentum pre-IPO.
Potential Mandates
- For Venture Funds: Potential sell of portfolio company to Borrego, or potential exit or Borrego
- For I-Bankers: Potential Advisory work in advising M&A deals, or IPO
- Strategics: Could be open to a strategic partnership with energy financing firm to draft long-term contract and lock in favorable terms for future projects
Inspire
Santa Monica, California, United States
Company Summary
Inspire is a provider of a smart home subscription platform designed to create a brighter energy future by simplifying consumer adoption of clean energy. The company’s platform seamlessly combines personalized clean energy plans with best-in-class smart devices, letting members control their smart homes from anywhere and select automated settings to use less energy while earning rewards, enabling to make it easier for everyone to have a smart, sustainable home.
| Key Data Points | |
|---|---|
| Founded | 2013 |
| Headcount | 178 |
| Funding to Date | $38.2M |
| Last Round | February 2020 |
| Last Round of Investors | Macquarie Group, Crosscut Ventures, JUMP Investors, Double M Partners, Heritage Group |
| Estimated Revenue | $3.5M |
| CEO | Patrick Maloney |
Intent to Transact Score
Keywords of Interest
Ancillary Signals
Our Take
Most of Inspire’s growth has been funded via debt. It seems that the company may be taking advantage of its valuation to sell some equity to lower its debt burden. They recently closed just over $1M in late-stage VC. It is likely that they were raising more, but were cut short due to COVID.
They may opt to raise a new round via equity as long as the effects of COVD have not been too harsh on company performance. However, this may also be a reason to bring in some new investors.
Potential Mandates
- For Venture Funds: Late-stage deal
- For I-Bankers: Potential Advisory work in raising a late-stage round, or restructuring of capital structure work
- Strategics: Could be open to strategic investment from someone that could help reduce / refinance the debt burden, or promote expansion across the US
Sunlight Financial
New York, New York, United States
Company Summary
Sunlight Financial offers ffordable, consumer-friendly loans for solar systems, batteries and roofs.
| Key Data Points | |
|---|---|
| Founded | 2014 |
| Headcount | 172 |
| Funding to Date | $705M |
| Last Round | June 2018 |
| Last Round of Investors | FTV Capital |
| Estimated Revenue | $2M |
| CEO | Matt Potere |
Intent to Transact Score
Keywords of Interest
Ancillary Signals
Our Take
Sunlight has a pretty heavy load of debt on its balance sheet even though it closed a PE growth round of $50M in 2018. The principal on these payments may be due soon and the firm could be looking to restructure its capital structure.
An alternative could be to engage an IB shop in finding a potential growth investment opportunity on the buy-side. If our revenue estimates are wrong, then we could even see an IPO in the relatively near future.
Potential Mandates
- For Venture Funds: Potential exit of a portfolio company to Sunlight, or IPO exit of Sunlight
- For I-Bankers: Potential Advisory work in restructuring, M&A deal, or IPO
- Strategics: Could be open to strategic investment from someone that could refinance debt load or support customer acquisition growth
LuminAID
Chicago, Illinois, United States
Company Summary
LuminAID develops innovative solar-powered products for disaster relief, humanitarian aid, and recreational use outdoors. The LuminAID light is a solar-rechargeable, inflatable lamp that packs flat and inflates to create a lightweight, waterproof lantern.
| Key Data Points | |
|---|---|
| Founded | 2011 |
| Headcount | 14 |
| Funding to Date | $280K |
| Last Round | April 2015 |
| Last Round of Investors | Mark Cuban |
| Estimated Revenue | $845K |
| CEO | Anna Stork, Andrea Sreshta |
Intent to Transact Score
Keywords of Interest
Ancillary Signals
Our Take
LuminAID has raised funds via crowdsourcing and Shark Tank, but they might be looking to close a series A or even sell to a PE shop. Would be a great fit for an ESG/SRI focused portfolio. An IB group may advise them in this process.
Potential Mandates
- For Venture Funds: Series A / B, or PE deal
- For I-Bankers: Potential Advisory work in raising Series A / B, or PE deal
- Strategics: Could be open to strategic investment from someone that could support manufacturing and logistics to get cost of product down
