Tech Company M&A Transactions
Imperium Renewables Acquisition
Headquartered in Seattle, Imperium Renewables was acquired by Renewable Energy Group. The companies indicated that total deal value was $42 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/5/2015
Transaction Type
M&A
Amount
$42,000,000
M&A Terms
Under the terms of the agreement, REG will pay Imperium $15 million in cash and issue 1.5 million shares of REG common stock in exchange for substantially all of Imperium's assets. In addition to these payments, REG will pay either $1.75 million in cash or 175,000 shares of REG common stock at closing as elected by REG. For two years post-closing, Imperium may receive up to a $0.05/gallon payment for biomass-based diesel produced and sold. In addition at closing, Imperium will retain its net working capital value of approximately $25 million.
Company Information
Company Status
Acquired or Merged
Industry
Alternative Energy
Mailing Address
568 First Avenue South 600
Seattle, WA 98104
USA
Seattle, WA 98104
USA
Phone
Website
Email Address
Overview
Imperium Renewables Inc. (IRI) is a national leader in next generation biodiesel refining and manufacturing technology. IRI is a technology driven producer and provider of biodiesel.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Plaza
Chief Financial Officer
Troy Williams
VP - Sales
Todd Ellis
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