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Press releases > Generational Equity Advises Energy & Resource Solutions in its Sale to DNV GL

Generational Equity Advises Energy & Resource Solutions in its Sale to DNV GL

By Generational Equity

Feb 9, 2021, 07:00 et

Energy & Resource Solutions

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Energy & Resource Solutions, Inc., to DNV GL. The acquisition closed December 30, 2020.

Energy & Resource Solutions (ERS), located in North Andover, Massachusetts, is an engineering consultancy which helps organizations to manage and reduce energy costs through program design, outreach, implementation, and evaluation services. 

The growing need to transform energy markets across all sectors and decarbonize energy supply make this acquisition both timely and crucial. The combination of the two companies’ expertise and services creates a unified team that will partner with global customers to address and accelerate the energy transition.

ERS works with utilities, governments, and large commercial and industrial end-users to solve complex energy and resource problems. The firm also has operations in California, Connecticut, Maine, New York, Oregon, and Texas.

Headquartered in Høvik, Norway, DNV GL is a global energy adviser, assurance and risk management specialist, operational in over 100 countries, supporting a range of sectors to decarbonize faster.

“The core goal of ERS has been to promote a healthy, sustainable environment, and joining with DNV GL will add to our abilities to enable our customers to achieve their energy and environmental goals,” said Gary Epstein, President and Founder of ERS. “We could not have a better partner in DNV GL when it comes to our shared commitment to sustainability, managing energy use and mitigating environmental impacts.”

Richard Barnes, Region President, Energy North America at DNV GL – Energy said: “Helping all energy users, whether they are large industries or individuals, change how and how much energy they use is one of the fastest, lowest-investment approaches to reducing carbon emissions, and we need to ensure that the rates of adoption speed up, especially in areas such as manufacturing and building design.”

Barnes added, “The values, ambitions, and dedication to accelerating the energy transition that we share made the decision to join with ERS simple and clear. Our leadership teams both saw where we complement each other, where we each bring in new abilities and services, and see many opportunities to provide our customers with expanded expertise and insights.”

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior Vice President, Mergers & Acquisitions, Ahmad Behjati, with the support of  Vice President, Mergers & Acquisitions, Tristan Keefe, successfully closed the deal.  Senior Managing Director Ashok Tandon established the initial relationship with ERS.

“At Generational Equity, we have the utmost respect for our environment and the legacy that we will leave behind for the next generations. We immediately realized this merger would be a great win for the environment and renewable energy, as well as provide a path for the excellent work of Energy & Resource Solutions and their staff to continue into the future. This merger is a win-win situation for Energy & Resource Solutions and DNV-GL,” said Behjati.

About Generational Equity

Generational EquityGenerational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.  

The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.

Generational Equity’s assistance was invaluable in compiling and marketing our business.
Bil MacLeslie, CEO, ipHouse
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.
Pete L.
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Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
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Bil MacLeslie, CEO, ipHouse
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Terry D. Wickman, President, Keytroller
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.
Larry Moore, Owner, A Company Portable Restrooms
We thank you Eric and Generational Equity making our dream come true.
Larry Moore, Owner, A Company Portable Restrooms
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”
Karen S. Williams, CFO, BW Manufacturing
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).
Bil MacLeslie, CEO, ipHouse
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Robert Evans, President and CEO of Mealtracker Dietary Software
T.D., thank you so much! You are a great leader! I love how you are using your gifts and talents to better others. You are clearly a GREAT COACH! This 3 day session undoubtedly changed the future of our business, and very well may have been the sole catalyst to save my company, my health and my marriage! A genuine “thank you” from the bottom of my heart.
Bryan D. Horn, Owner, Over Under Clothing
I need to say an immense thank you to Don Ho for his stellar work ethic, attention to detail, and tireless effort. Also thank you to the whole crew at GE! Without you, Don could not do such a phenomenal job. We were shooting for closing and funding before the end of 2020, due to the uncertainty of the political landscape and taxes. I am happy to report we closed last week and will be funding tomorrow.
Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC
I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!
Eric Erlandson, Owner, Action Fastenings, Inc.
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.
Robert Evans, President and CEO of Mealtracker Dietary Software
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Terry D. Wickman, President, Keytroller
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Karen S. Williams, CFO, BW Manufacturing
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.
Ralph Noblin, President of Noblin & Associates
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Jay Dinnison, Owner of Sharpe Mixers
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.
Shenille Engelhart, Owner – CLS Technology
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.
Andy Graham, Vice President, Modern Heating & Plumbing
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!
Andy Graham, Vice President, Modern Heating & Plumbing
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.
Michael J Polarek, President, Paragon Packaging
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.
Michael J Polarek, President, Paragon Packaging
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Jay Dinnison, Owner of Sharpe Mixers
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Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.