Harris Williams & Co. Advises Utility Integration Solutions, Inc. in its Sale to Strategic Buyer Alstom SA
Harris Williams & Co. is pleased to announce that Utility Integration Solutions, Inc. (UISOL) has been acquired by strategic buyer Alstom Grid, one of the three global players in electrical transmission, a subsidiary of Alstom SA (ENXTPA:ALO). Harris Williams & Co. acted as exclusive advisor to UISOL. The transaction was led from the firm's Richmond office by Drew Spitzer of Harris Williams & Co.'s Energy & Power Group along with Jim Reinhart and Andy Hewlett from the firm's San Francisco office.
"This transaction represents an incredible partnership to deliver on the promise of demand response programs and is a great outcome for both parties," said Drew Spitzer, co-head of the Energy & Power Group at Harris Williams & Co. "UISOL's DRBizNet platform and its demand response integration services serve a vital role in demand response programs globally and will enhance Alstom Grid's clients' ability to improve system reliability. We continue to see significant and broad-based buyer interest in smart grid opportunities and this transaction demonstrates Harris Williams & Co.'s ability to access relevant strategic buyers, both domestically and internationally."
UISOL is the utility industry systems integration specialist. UISOL offers a range of services and integration solutions to help its clients transform their business performance through the power of smart integration for demand response, smart grid, advanced metering, meter data management, market operations and more. UISOL's DRBizNet is the leading software platform for demand response management and the integration of distributed energy resources.
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom Grid, the newest sector of Alstom, has over 100 years of expertise in electrical grids. Whether for utilities or electro-intensive industries or facilitating the trading of energy, Alstom Grid brings power to their customers' projects. Its four main business areas are products, systems, automation and service. At the heart of the development of Smart Grid, Alstom Grid offers products, services and integrated energy management solutions across the full energy value chain from power generation through transmission and distribution grids, and to the large end-user.