About the Deal
ORION ENERGY SYSTEMS, INC. (NASDAQ: OESX), headquartered in Manitowoc, Wisconsin, provides innovative LED lighting systems and turnkey project implementation. As a clean-tech company, Orion manufactures LED lighting fixtures, and conducts installation and commissioning of connected lighting platforms, controls and IoT systems, ongoing system maintenance, and program management. Orion enables its customers to reduce their carbon footprint and digitize their business with healthy, safe and sustainable solutions.
VOLTREK, headquartered in Lawrence, Massachusetts, provides turnkey EV charging solutions and ongoing support to commercial and municipal verticals, working as a value-added resale partner to leading Electric Vehicle Supply Equipment and Electric Vehicle Service Providers, offering innovative solutions from planning and installation to maintenance and management services.
The acquisition of Voltrek places Orion directly in the EV charging space and positions Orion to immediately provide turnkey services for nationwide customers seeking electric mobility solutions within retail, commercial and industrial environments.
BRIDGEWOOD ADVISORS initiated this transaction, assisted in negotiations, and provided strategic and financial advisory services to FDC.