Strategic Sale

The Company is a provider of consulting and systems integration services to the energy and utility industry. The Company’s primary focus is on grid operations, competitive energy markets and commodity trading and risk management solutions.

Transaction Overview:

Trestle was initially asked to advise the Company regarding strategic available alternatives to fully or partially monetize the value of the firm after the Company received an unsolicited acquisition overture from a large competitor. Trestle was engaged to explore both an outright strategic sale of the business as well as a partial sale of the business to a financial sponsor. Due to concerns about confidentiality the target suitor list was limited, but the response from the market was strong. The Company was able to compare multiple proposals from both strategic acquirors and financial sponsors.

Results:

Ultimately, the Company chose to accept a proposal from the company that provided the initial unsolicited offer. This final proposal represented a total valuation premium of nearly 50% over the initial value that was discussed prior to Trestle’s involvement in the process.