Acorn Energy
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Acorn Energy - overview
Established
1986
Location
Wilmington, DE, US
Primary Industry
Power & Utilities
About
Acorn Energy, Inc. is a technology company that specializes in remote monitoring and control systems, primarily serving backup power generators and industrial assets through innovative IoT solutions. Established in 1986 in Wilmington, US, Acorn Energy, Inc. provides remote monitoring solutions for industrial assets.
Founded by Harold Jarrett, the company has undergone strategic pivots to enhance its focus on IoT technology. The current leadership includes CEO Aaron Johnson and executives Jan Loeb, Justin Zinke, and Samuel Zentman. Acorn Energy, Inc. specializes in providing remote monitoring and control systems primarily for backup power generators, industrial assets, and pipelines through its subsidiary, OmniMetrix.
The company's core product offerings include advanced monitoring solutions that leverage Internet of Things (IoT) technology to enable real-time data collection and control, allowing end users to maintain operational efficiency and reliability. These products are designed for various applications, including the remote oversight of backup power generation systems crucial for industries such as telecommunications, healthcare, and emergency services. Acorn Energy serves a diverse client base that includes leading wireless providers and industrial operators, focusing on markets in North America and select regions globally where reliable power supply and operational continuity are critical. Acorn Energy generates revenue primarily through the sale of its remote monitoring and control solutions, which can be structured as subscription services or one-time purchase agreements.
The company's transactions typically involve direct business-to-business (B2B) interactions, where clients enter into contracts for the installation and maintenance of monitoring systems for backup generators and other critical assets. Revenue streams may include ongoing service fees associated with these contracts, as well as potential performance-based incentives linked to system uptime and reliability. Specific pricing plans for Acorn's offerings remain undisclosed, but they encompass flagship products that ensure robust data transmission and analysis for industrial clients, thereby facilitating improved operational decision-making.
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services
Website
www.acornenergy.com
Total Amount Raised
Subscriber access only
Acorn Energy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | CoaLogix | - |
Displaying 1 - 1 of 1
Acorn Energy - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chief Financial Officer & Board Member | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.