Energy & Sustainability M&A Activity December 2024

In the past month, several notable mergers and acquisitions have taken place in the energy and sustainability sector. Here are some key highlights:

On November 18, 2024, Piedmont Lithium, a U.S.-based integrated lithium business, was acquired by Sayona Mining. This merger represents a significant move for Sayona, positioning them as a leading North American lithium producer.

Midwest Solar Expo, a clean energy deployment company, was acquired by Diversified Communications on November 15, 2024. This acquisition will enhance the services offered by Midwest Solar Expo in the solar and clean energy industry.

Lumio, a provider of residential solar energy services, was acquired by Zeo Energy for $4 million on November 1, 2024. This acquisition will further strengthen Zeo Energy’s presence in the solar sector.

Maddox Industries, a provider of electric vehicle consulting services, was acquired by Envirotech Drive Systems on October 30, 2024, for $7.54 million. This acquisition will enhance Envirotech’s capabilities in EV manufacturing and technology.

Ultra Safe Nuclear, an operator of a nuclear power company, reached a definitive agreement to be acquired by Standard Nuclear for $28 million on October 29, 2024. This acquisition aims to facilitate nuclear power production by leveraging Ultra Safe Nuclear’s expertise.

These recent M&A activities in the energy and sustainability sector highlight the continued growth and development in clean energy technologies. Stay tuned for more updates on industry trends and advancements.