Marathon Capital, LLC (“Marathon”) has announced the successful acquisition of SmartWatt by Centrica plc ("Centrica"), an international energy and services company. SmartWatt, is a leading energy services and solutions company with a national presence (14 offices and projects across 48 states). SmartWatt improves energy systems for commercial and industrial customers and also serves MUSH (municipal and state governments, universities and colleges, K-12 schools, and hospitals) and federal clients.
SmartWatt will become part of Centrica's Distributed Energy & Power business, Centrica Business Solutions, which delivers integrated energy solutions for businesses and other large energy users, combining distributed energy technologies and a variety of commercial options to improve performance and cost management, drive sustainability, and strengthen resilience.
Marathon Capital acted as the exclusive financial advisor to Centrica on the acquisition. Marathon ran a comprehensive market outreach effort for Centrica, including valuation, structuring, due diligence, and negotiation support.
“It was a pleasure working with the Centrica team to facilitate this important transaction. We look forward to seeing Centrica and SmartWatt’s relationship expand while enhancing the existing business’ efforts to provide energy solutions to customers.” – Gary Greenblatt, Managing Director, Marathon Capital