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JMBM is pleased to announce that Motive, leading provider of renewable energy and infrastructure solutions for industrial and commercial applications, has successfully secured a capital investment from Bison Capital Partners VI, LP. In coordination with this investment, Motive consolidated its existing senior bank credit facilities into a single senior syndicated credit agreement.
“We are extremely excited that Bison has chosen to partner with us on our rapid expansion,” said Bob Istwan, CEO of Motive in a press release. “The synergy of this partnership will allow us to accommodate larger projects and compete more effectively in the renewables space.”
The JMBM corporate team was led by M&A Group Co-Chair Michael Steuch, with assistance from Marianne Martin, Margaret Beale-Wirsing, Nathan Shaw, Michelle Choi and Ryan Skelly.
“Congratulations to Bob Istwan and the entire Motive team on this significant investment from a highly reputable growth capital provider like Bison,” said Michael Steuch. “We are proud to have served as counsel and look forward to continuing to work with the Motive group of companies as they continue on their growth paths.”
About Motive
“Motive Companies is a leading provider of renewable energy and infrastructure solutions for industrial and commercial applications. Our comprehensive portfolio includes energy storage & management, solar photovoltaic, lithium-ion batteries, electric vehicle & forklift charging, energy credits, as well as wireless, broadband & 5G. From design, construction, maintenance and installation, we provide true end-to-end services that support all energy, battery, charging and telecommunication needs. With offices across North America and a workforce of 1,100 professionals, we have the geographical reach, scalability, and financial stability to meet customers’ changing needs. At our core, Motive Companies develops renewable energy and infrastructure solutions to create a more sustainable society.”
More information:
https://motivecompanies.com/
https://www.motiveenergy.com/
https://motiveis.com/
https://act-chargers.com/
About JMBM’s Mergers & Acquisitions Group
JMBM’s Mergers & Acquisitions Group represents buyers, sellers, growing companies and capital providers in a wide variety of control sales/acquisitions and non-control debt/equity financings. The M&A Group’s lawyers provide start-to-finish assistance with the structuring, negotiation, documentation and closing of the deal. For more information, visit www.jmbm.com.
