Tech Company M&A Transactions

Viridity Energy Acquisition

Viridity Energy, based in Philadelphia, was acquired by Ormat Technologies. The transaction price was $35 million.

Transaction Overview

Company Name
Announced On
Transaction Type
M&A Terms
Initial consideration for the acquisition is $35 million, which will be paid at closing and is subject to adjustment in certain cases. Additional contingent consideration will be payable in two installments upon the achievement of certain performance milestones measured at the end of fiscal years 2017 and 2020.

Company Information

Company Status
Acquired or Merged
Enterprise IT
Mailing Address
1801 Market Street 2701
Philadelphia, PA 19103
Email Address
Viridity Energy provides large energy consumers with powerful tools to increase energy efficiency and create energy revenues.
Viridity Energy LinkedIn Company Profile
Social Media
Viridity Energy Company Twitter Account
Company News
Viridity Energy News
Viridity Energy on Facebook
Viridity Energy on YouTube

Management Team

Email & Social
Chief Financial Officer
Mack Treece
  Mack Treece LinkedIn Profile  Mack Treece Twitter Account  Mack Treece News  Mack Treece on Facebook
Chief Technical Officer
John McGee
  John McGee LinkedIn Profile  John McGee Twitter Account  John McGee News  John McGee on Facebook
Raj Chudgar
  Raj Chudgar LinkedIn Profile  Raj Chudgar Twitter Account  Raj Chudgar News  Raj Chudgar on Facebook
VP - Sales
Eric Alam
  Eric Alam LinkedIn Profile  Eric Alam Twitter Account  Eric Alam News  Eric Alam on Facebook



Browse more venture capital transactions:

Prev: 1/3/2017: Blue Danube Systems venture capital transaction
Next: 1/3/2017: Uru venture capital transaction


Share this article


About Our Venture Capital Transactions Database

We do our best to record every notable VC transaction. VC transactions on this site are sourced from company press releases and news coverage. The information is sourced from, an affiliated venture.


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


Business Glossary