Author: Melody

England & Company is pleased to announce that it served as the exclusive financial advisor and investment banker to iSun, Inc. (“iSun”) (OTCPK: ISUN), a provider of solar design and installation, electrical contracting, and project management services, in its sale to Clean Royalties, LLC. The sale was effectuated through a Chapter 11 asset sale under Section 363 of the U.S. Bankruptcy Code.

Based in Williston, VT, iSun filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware in June 2024. England was retained as iSun’s investment banker and financial advisor for the purpose of arranging DIP financing, soliciting offers for iSun’s assets, and advising the board of directors throughout the Chapter 11 process. The sale was ultimately approved by the U.S. Bankruptcy Court in August 2024 and closed on August 26^th, 2024.  iSun was also assisted in the process by Novo Advisors and Gellert, Seitz, Busenkell & Brown who acted as restructuring advisor and debtors’ counsel, respectively.

“I am very pleased to have had the England team navigate iSun through this process, achieving a result which preserved the business as a going concern for the benefit of our commercial partners, employees, and other stakeholders,” said Rob Vanderbeek, Chief Restructuring Officer of iSun. “With England having previously advised iSun, the Board trusted their advice to put the company in the best possible position. We believe that we achieved that with the sale to Clean Royalties.”

The acquisition and leadership transition is part of the company’s restructuring plan to restore financial stability and pursue growth in the solar energy business across northern New England and New York state.

About iSun

Since 1972, iSun has accelerated the adoption of innovations in energy transition and electrification technology and has been a trusted provider of solar design and installation services to Fortune 500 companies. The company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility-scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery-backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. For more information, please visit: www.isunenergy.com

About Clean Royalties

The company invests in leading companies that focus on the following themes: cleaner power generation, electric transmission, critical energy infrastructure, energy technology, energy efficiency, decarbonized transport, and critical natural resources. For more information, please visit: www.cleanroyalties.com

October 2024 – England & Company is pleased to announce that it served as the financial advisor to Sargent Electric Company, LLC (“Sargent”), a leading electrical contractor with over $400 million in annual revenue, in its sale to Constructel Visabeira (“Constructel”), a global leader in providing energy and telecommunications engineering and construction services, backed by Goldman Sachs Alternatives.

Based in Pittsburgh, Pennsylvania, Sargent is a full-service electrical contractor serving Fortune 500 companies throughout the United States.  The company has a long history and proven capabilities in energy transition projects (including renewable energy projects such as wind, solar, renewable natural gas, and battery energy storage), utility transmission, distribution, and substation projects, commercial and industrial projects, and data center projects.

This acquisition strengthens Constructel’s position in the U.S. energy and renewables sector as well as the technology and AI sectors. Its expansion will enhance its capabilities, geographic footprint, and customer base while creating commercial synergies with JFECC, a U.S. company Constructel acquired in 2020. This strategic move positions Constructel for accelerated and sustainable growth by combining its expertise with Sargent’s brand and established client relationships.

About Sargent Electric Company

Founded in 1907, Sargent Electric is a top-tier electrical construction and services company offering a wide range of electrical services to clients in the energy, infrastructure, industrial, and commercial sectors. With over a century of experience and a dedicated team of professionals, Sargent Electric is recognized for its safe, high-quality work, reliability, customer-focused approach, and proven delivery capabilities. With over 1,000 direct employees, the company has facilities in the Midwest, Mid-Atlantic, and Northeast regions, including Pennsylvania, Indiana, Maine, Wisconsin, and Ohio, and provides services across the U.S. For more information please visit:www.sargentelectric.com

 About Constructel Visabeira

Based in Portugal, Constructel Visabeira is a leading international company in the telecommunications and energy sectors, with integrated skills that allow us to offer customized solutions for each customer. With more than 40 years of experience and owned by the Visabeira Group, a multinational and multisectoral holding company operating in the sectors of Telecommunications, Energy, Technology, Construction, Industry, Real Estate and Tourism, Constructel is already an essential reference with unique know-how that enables a diversified offer of turnkey solutions, including the design, implementation, construction, and maintenance of network infrastructures. The dedication and responsiveness of our teams are up to the expectations of the most demanding customers and the most challenging markets. For more information please visit: www.constructelvisabeira.com

October 2024 – Collagen Solutions, a premier global supplier, developer, and manufacturer of engineered biomaterial-based medical devices and components with applications in regenerative medicine, has agreed to be acquired by RTI Surgical (“RTI”), a leading contract development and manufacturing organization (“CDMO”) in tissue engineering for regenerative medicine. RTI is a portfolio company of Montagu Private Equity (“Montagu”), a leading Europe and U.S.-based private equity firm with $12 billion of assets under management. England & Company served as the exclusive financial advisor to Collagen Solutions in this transaction.

“The England & Company team are experts in medical device marketing and contract manufacturing, with extensive relationships in the biomaterials and regenerative medicine spaces. They found us the ideal partner for this business and negotiated strong terms for us,” said Rick Mulford, CEO of Collagen Solutions.

Collagen Solutions provides its OEM customers with high-quality components and fully assembled devices made from medical-grade collagen and xenograft tissue. These devices are used in various therapeutic areas, including cardiovascular, wound care, orthopedics and sports medicine, dental, biosurgery, and neurosurgery. The Company is based in Eden Prairie, MN, and has additional strategically located manufacturing sites in the U.K., New Zealand, and Glencoe, MN.

RTI’s acquisition of Collagen Solutions will broaden RTI’s soft tissue portfolio by leveraging Collagen Solutions’ proficiency in bovine and porcine collagen materials. This transaction will also facilitate access to rapidly growing therapeutic fields, and it has the potential to expedite the creation of pioneering biomaterials with combination products and improve patient outcomes.

“Collagen Solutions is an excellent strategic fit for RTI Surgical, bringing specialized and complementary capabilities and expertise in soft tissue engineering,” said Olivier Visa, President and Chief Executive Officer, RTI Surgical.

Adrien Sassi, Partner at Montagu, added, “Supporting patient care by helping to bring clinically differentiated solutions to market in a fast and reliable way is at the core of RTI’s mission, and the acquisition of Collagen Solutions is a transformative step in this journey. It reinforces RTI’s ability to partner strategically with OEMs from early product development to full-scale commercialization, including in clinical applications facing unmet patient needs like structural heart and tissue reconstruction.”

About Collagen Solutions

Collagen Solutions is a global supplier, developer, and manufacturer of medical-grade collagen, tissues, and other biomaterials for use in regenerative medicine, medical devices, and research. The Company’s expertise includes developing and manufacturing engineered tissue scaffolds and other biomaterials-based medical devices. These products are used in various applications, including cardiovascular, dental, orthopedics, neurosurgery, wound healing and biosurgery, and research. For more information, please visit: www.collagensolutions.com.

About RTI Surgical

RTI Surgical is a leading CDMO pushing the boundaries of innovation and tissue engineering to meet patient needs in regenerative medicine. It serves as an expert partner to OEMs (Original Equipment Manufacturers), working with them to identify clinical problems and develop customized solutions that promote healing, accelerate recovery, and help prevent complications. Using RTI’s extensive portfolio of biological materials, it focuses on specialized clinical segments, including plastic and reconstructive surgery, sports medicine and orthopedics, cardiac, and neuro and spine surgery. Headquartered in Alachua, Florida, RTI has manufacturing facilities in the United States and Europe. Montagu acquired RTI in a carve-out acquisition in July 2020. For more information, visit www.rtisurgical.com.

August 2024 — England & Company is pleased to announce that it served as the exclusive financial advisor to Allied Bolt, Inc. (“Allied Bolt”) in its sale to Power Grid Components, Inc. (“PGC”), a portfolio company of Blackstone Energy Transition Partners. Allied Bolt, based in Port Chester, New York, is a global supplier of hardware and components for the telecommunication and power utility industries. Allied Bolt’s product categories, including earth anchors, pole line hardware, aerial drop hardware, and drop attachments, are essential to bringing high-speed data and electrical power distribution to urban and rural homes.

The acquisition of Allied Bolt expands Power Grid Component’s product offering and end markets with a trusted hardware brand, allowing it to sell more products to telecommunication and utility customers.

“I am very thankful to England & Company for putting the deal between Allied Bolt and Power Grid Components together. There is no way we could have gotten to the finish line without them. They were incredibly knowledgeable, helpful, and patient in making our transaction go smoothly,” said Glen Malin, President of Allied Bolt. “With PGC and Blackstone, we have found partners that match our core values and goals around smart growth.”

About Allied Bolt, Inc.

Allied Bolt is a global supplier of hardware and components for the telecommunication and power utility industries. Allied Bolt’s product categories, including earth anchors, pole line hardware, aerial drop hardware, and drop attachments, are essential to bringing high-speed data and electrical power distribution to urban and rural homes. Learn more at www.alliedboltinc.com.

About Power Grid Components, Inc.

Power Grid Components, Inc. was formed by electrical utility veteran Rick McClure in 2017 to acquire and grow companies that supply products used in the North American electric power grid and adjacent industries. Since its founding, PGC has acquired five businesses. Today, PGC is a supplier of high voltage disconnect switchgear, high quality porcelain and glass insulators, instrument transformers and outside plant hardware. Learn more at www.powergridcomponents.com.

About Blackstone Energy Transition Partners
Blackstone Energy Transition Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having invested approximately $22 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders.