Dec 2011 | Missouri
Perennial Energy acquired by Kansas Venture Capital
Generational Equity, a leading mergers and acquisitions advisor to privately-held and familyowned businesses is pleased to announce the sale of its client, Perennial Energy Inc. of West Plains, Mo. to Kansas Venture Capital Inc. (KVCI) located in Leawood, KS. and Capital For Business (CFB) in St. Louis, MO.
Perennial specializes in manufacturing waste gas processing systems and equipment, focusing on systems that capture and treat methane from landfills. The company provides equipment that does everything from collecting waste gas to burning it off or converting it into electricity or heat energy. Perennial’s projects include a system that collects gas and feeds it to Pattonville High School in Maryland Heights, Mo., to burn and heat its boilers. That system also provides fuel for a nearby concrete plant, a greenhouse and a brick plant.
In addition, the same system will provide gas for an electric power plant that St. Louis-based Ameren Corp. (NYSE: AEE) is building in the area that will serve approximately 10,000 homes. “You can take the gas coming out of landfills and use it to fire engines that create electricity that goes right into the power grid,” says Marshall Parker, president of Kansas Venture Capital. “One of the guys who will stay with the company is the founder (Ted Landers), who practically invented this industry.” Parker also said the gas can be piped fairly easily because it isn’t as corrosive as natural gas.
Managing Director, Terry Mackin, and Vice President, Kyle Coe, along with Michael O’Malley led the Generational Equity deal team that advised Perennial on the transaction. “This transaction not only fulfilled all of our clients’ goals for the sale of their business, it also gave Generational Equity the opportunity to work with two well respected financial buyers in the Midwest”, Mackin said. “It further shows our firm’s ability to find qualified buyers that not only work alone, but in some cases will team up for the right opportunity.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Energy page.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Business & Financial Services page.
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