DENVER, CO (September 17, 2014) – The energy efficiency and renewables business of Chevron Energy Solutions (CES), a division of Chevron USA, has been acquired by funds managed by Oaktree Capital Management, L.P. (Oaktree).
FMI Capital Advisors acted as the exclusive financial advisor to Chevron Energy Solutions for this transaction.
Oaktree is combining the acquired CES business with existing portfolio company, OpTerra Energy Group, to form one of the nation’s largest independent and privately held companies in the energy efficiency and renewable energy sectors.
About FMI Capital Advisors
FMI Capital Advisors is a leading Investment Bank serving the E&C and infrastructure industry. Our unique industry focus, serving a broad range of industry sub-sectors, enables us to provide our clients with valuable insight and advice. With over 600 completed transactions, FMI combines advisory expertise with industry-focused knowledge and relationships in order to achieve value for clients.
FMI Capital Advisor’s Energy Services and Cleantech Group provides M&A and capital formation services for emerging growth and middle market companies in the energy services and cleantech industry, including those focused on:
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