SOLV Energy Expands High-Voltage Infrastructure Capabilities with Acquisition of ASB Energy Services
SOLV Energy has completed the acquisition of ASB Energy Services, a Texas-based contractor in substation foundations, civil construction, and BESS infrastructure, for approximately $45 million. Consideration comprises $36 million in cash and $9 million in Class A common stock; ASB retains its leadership team and will operate as a SOLV Energy company.
Key figures
- Deal Value Usd
- 45000000
- Cash consideration
- $36 million
- Stock consideration
- $9 million
AI analysis
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