Energy Services Group Buys Solar Farm Builder In $37M Deal
Law360 (March 26, 2020, 1:03 PM EDT) -- Publicly traded energy services company CUI Global Inc. said Thursday it’s snapping up a solar energy-focused construction company in a deal worth $37 million to help it expand into the renewables industry.
CUI Global said in a statement it was buying Apex, North Carolina-based Reach Construction Group in the debt and equity deal to help further its goal of being a more diversified energy company. CUI’s energy business, Orbital Gas Systems, focuses on gas engineering services for the oil, gas, and nuclear industries, it said.
“We are very pleased to expand CUI's infrastructure energy services into the growing renewable energy market,...
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