Clarke Energy acquires Co-Energy America a Boston-based combined heat and power (C.H.P.) solutions provider specializing in the design, manufacture, installation and maintenance of gas engine CHP systems
Acquisition expands Clarke Energy's geographical coverage and product range into smaller C.H.P. plants between 35 and 300kWe complementing its core offering
This acquisition also gives Clarke Energy packaging and assembly capability for the U.S. market
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Clarke Energy, a KOHLER Company, is expanding its geographical and product offering through the acquisition of Boston-based Co-Energy America. Clarke Energy entered the Midwestern U.S. market in 2016. The North East of the U.S. offers an attractive C.H.P. incentive base and spark-spread.
This acquisition includes the addition of 17 new employees and an installed gas engine fleet of 95 units, across 5 Northeastern U.S. states. Co-Energy America offers turnkey design, build and install along with aftersales support. This compliments Clarke Energy's existing product offering and expertise, factors which will be able to be deployed to support the growth of Co-Energy America's business in the small C.H.P. segment.
Clarke Energy's Chief Executive Officer Jamie Clarke commented "This acquisition gives Clarke Energy strong footprint in the U.S. market. It also expands our technological offering into the smaller C.H.P. market. We will look to support the Co-Energy America team through our engineering and aftersales support strengths and capitalise on synergies with our existing Midwestern operations."
Source: Clarke Energy
Date: Nov 21, 2019
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