Developer of ProField®, the award-winning mobile workforce management technology used for Smart Metering deployments
April 23, 2016, Outcome Capital is pleased to announce that Sun Capital Partners has acquired Smart Grid Solutions (“SGS”), the installation services division of the privately-held engineering and technology firm based in Herndon, Virginia. Outcome Capital served as exclusive financial advisor to Smart Grid Solutions. Terms of the acquisition were not disclosed.
SGS is the developer of ProField®, the award-winning mobile workforce management technology used for Smart Metering deployments. ProField allows a utility to provision, deploy and track the installation of smart grid technologies, including smart meters as well as the supporting communications network devices. SGS licenses ProField to installers worldwide, but also uses the technology for managing its own meter replacement and network equipment installation services.
The total number of metered endpoints for electricity, gas and water worldwide amounts to 2.9 billion. Demand for smart meters has experienced strong growth over the last five years and is expected to grow exponentially over the next 5 – 10 years. This growth is driven by governments and utilities adopting Smart Grid technology as a means to: (a) better manage power, water and gas distribution and controlling costs, (b) conserve resources under mandated “green” initiatives, and/or (c) prevent power theft and fraud in emerging countries.
About Outcome Capital – outcomecapital.wpengine.com
Outcome Capital is a unique investment banking firm that provides middle-market growth companies in the technology, life sciences, healthcare and business services markets with a value-added client-centric approach to merger, acquisition and corporate finance advisory services. The firm utilizes its proven approach to value enhancement by assisting boards and management teams in navigating both the financial and strategic markets and in implementing the best path for success. Outcome Capital’s strength stems from its unique ability to draw on its wide range of operational, strategic and private equity experience, its expertise across the value building life-cycle and its broad industry relationships. The professionals at Outcome Capital take pride in their ability to help their clients to make well-informed strategic decisions and recognize the full value created by their vision.
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