FMI Advises EV Infrastructure in Acquisition by White Deer Energy
Renewable Energy Infrastructure Group’s electric vehicle infrastructure design-build business (“EV Infrastructure” or “the Company”) has been acquired by White Deer Energy (“White Deer”). FMI Capital Advisors served as the exclusive financial advisor to EV Infrastructure and Renewable Energy Infrastructure Group, a portfolio company of funds managed by Oaktree Capital Management, L.P., for this transaction.
EV Infrastructure is a leading provider of electric vehicle 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 electric vehicle 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 [Fishback] and the EV Infrastructure team in supporting the Company’s future growth.”
“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.”
About EV Infrastructure
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. For more, visit www.evidb.com.
About White Deer Energy
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. For more, visit www.whitedeerenergy.com.
About FMI Capital Advisors
FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm dedicated to the Built Environment. With more than 750 completed M&A transactions, our industry focus enables us to maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships.
FMI Capital Advisors’ Contractor and Construction Services practice brings expert M&A advisory services to specialty trade, heavy civil, industrial, and general contractors in the middle market.
FMI's Energy Solutions & Cleantech Group provides M&A advisory and capital formation services for companies in the energy solutions and cleantech industry. FMI Capital Advisors’ Contractor & Construction Services is a dedicated general contractor group, specializing in M&A and capital formation services for emerging growth and midmarket companies.
FMI Capital Advisors Contacts:
Tim Huckaby
President, FMI Capital Advisors
Managing Director, Energy Solutions & Cleantech
303.398.7265
Alex Miller
Managing Director, Contractor & Construction Services
D 919.785.9234 | M 704.641.7592
Russell Clarke
Vice President, Energy Solutions & Cleantech
303.398.7213