July 10, 2012
-- U.S. greentech M&A ended the first half of 2012 with 205 transactions totaling a reported $9.4 billion—the third consecutive first-half increase in M&A activity following a dip in 2009 during the peak of the recession. The transaction count and the reported deal value figures were a respective 9% and 7% higher than in the first half of 2011. Meanwhile, overall greentech valuations withstood the continued freefall of solar valuations, down 72% over the past twelve months, to hold steady at 1.9x revenue.
First-half M&A activity was once again led by solar and energy efficiency, which together accounted for 44% of the total transaction volume, although smart distribution finished the half with a higher reported deal value ($4.2 billion) thanks to ABB’s $3.9 billion purchase of Thomas & Betts. Reported deal value for renewable energies declined by 48%, but wind and bioenergy saw transactions rise by a respective 27% and 59%.
For a comprehensive analysis of the greentech M&A environment in the first half of 2012, download the complete report from Peachtree Capital Advisors at http://peachtreecapitaladvisors.com
Peachtree Capital Advisors, Inc. is a Pasadena, CA-based investment bank providing M&A advisory services to growth and middle market companies in the technology, digital media, and cleantech sectors.