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Sell your energy, power, or utilities business with Nash Advisory

Corporate advisors for the Australian energy sector

The power and utilities industry is experiencing rapid change driven by energy transition, infrastructure investment and new market entrants. Nash Advisory helps energy and utility business owners prepare for sale, position their businesses effectively and connect with qualified buyers.

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Driving factors in the energy industry

Australia's energy, power and utilities sector is in a significant growth cycle. Renewables now account for around half of electricity generation in the National Electricity Market, with an 82% national target by 2030. Investment continues to accelerate, with billions flowing annually into renewable projects and battery storage, while rising demand from data centres, electrification and mining is driving grid expansion and deal activity.

  • The sector employs approximately 194,500 Australians, with increasing demand for technical and digital capability.
  • Large-scale transmission upgrades are unlocking the viability of renewable projects and the value of regional infrastructure.
  • Public energy companies trade at forward EV/EBITDA medians around 4.2x–7.6x%, depending on asset mix.
  • Renewable transactions recorded median EV/EBITDA multiples near 10.4x, reflecting strong investor appetite.

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"Many legacy companies in the energy sector are at an inflection point for how to next invest into the future. It is clear that renewables will lead the way. However, businesses are still grappling with how to navigate this significant change in the industry."
Tom Butler
Tom Butler
Managing Director

STRATEGIC ADVISORY FOR THE ENERGY SECTOR

End-to-end advisory support

Nash Advisory works with owners and investors across the energy, power, and utilities industry. We provide business valuations, mergers and acquisitions advice, and divestment strategy support to help you maximise value and execute transactions with confidence.

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total enterprise value transacted
$
1.9
bn+
Total enterprise value transacted
Enterprise value in FY22
$
400
m+
Enterprise value in FY25
successful deals completed
63
Successful deals completed
Private equity bolt-on deals
25
Private equity bolt-on deals
Valued team members
22
Team members
Completed transactions per year
15
+
Completed transactions per year

Current energy sector insights and market dynamics

The power and utilities industry in Australia is being reshaped by electrification, decarbonisation, and rising demand for digital infrastructure. Capital is rotating toward scalable renewable platforms, storage assets, and grid companies with resilient revenue models. 

At the same time, regulatory reform and cost pressures are forcing operators to rethink pricing, supply chain strategy, and capital allocation. In this environment, strategic positioning and disciplined execution are critical when buying, selling, or restructuring an energy business.

Key value metrics

  • Cost per customer acquisition
  • Number of customers
  • Cost per megawatt hour (Mw/h)
  • Generation capacity and output by fuel source

Transaction outcomes across energy and infrastructure

Nash Advisory has supported business owners through successful company sales, creating competitive buyer tension and delivering strong transaction outcomes. 

Stories from clients we’ve helped

Working with Nash was an absolute pleasure. They were at all times completely responsible and accountable to everything that we needed. Their strong financial acumen was incredibly important throughout the whole process. It was really important that they were able to truly articulate the value of the business in its current state and also look and really delve into the potential future alternate uses for the business…We were really happy with the interest that Nash generated. So we had multiple seriously interested parties, which created that competitive tension that you really need in a deal and was able to achieve the outcome that we wanted and that we expected.

Fiona Selby
Managing Director of Boneo Park
Map of global buyers

Global Capabilities

Unlock a world of possibilities with Nash Advisory's global capabilities. Through our partnership with REACH, we provide unparalleled access to industry experts and local market connoisseurs across 30 countries.

Whether you're selling your business, merging, or seeking investment, our team of seasoned professionals crafts bespoke strategies tailored to your unique needs. Trust us to navigate the complexities of the global market, ensuring you achieve exceptional outcomes that reflect the true value of your hard work and dedication.

Global capabilities

The Nash Advisory advantage

Work with our directors

As one of our clients, you will have direct access to the knowledge and experience of our directors. We will work through the whole process with you, from start to finish.

Real business experience

We know what makes a business appealing to buyers, because we've owned and run businesses ourselves. Our own experience informs every step of our process.

Network of buyers

Maximising the sale price of your business requires finding the right buyer. We have a broad network of contacts which includes Australian and international businesses.

Outcomes focused

We only succeed if you do. We focus all our efforts on getting you the best result. That's why most of our fees are on the back end.

Work with our directors

As one of our clients, you will have direct access to the knowledge and experience of our directors. We will work through the whole process with you, from start to finish.

Real business experience

We know what makes a business appealing to buyers, because we've owned and run businesses ourselves. Our own experience informs every step of our process.

Network of buyers

Maximising the sale price of your business requires finding the right buyer. We have a broad network of contacts which includes Australian and international businesses.

Outcomes focused

We only succeed if you do. We focus all our efforts on getting you the best result. That's why most of our fees are on the back end.

Our transaction and advisory services

View all services

We advise power companies, renewable energy providers, and infrastructure operators across Australia on sales, acquisitions, valuations, and capital strategies.

Selling a business

We provide expert guidance to help you prepare, market, and negotiate the best outcome for your business sale.

See how we do it

Business valuations

Our team delivers accurate, data-driven valuations to help you understand and enhance your business’s worth.

See how we do it

Business mergers & acquisitions

Our proprietary approach to business sales ensure you get the highest possible sale multiple for your business.

See how we do it
Sample toolkit

Our blueprint for a successful business sale

Access our proven end-to-end sale process, including examples of transaction documents and clear guidance on each stage of a successful business sale.

Download now

Energy, power, and utilities transactions 

Our experience follows the sector shift towards clean energy.

Logo of JET Charge
Completed deal:

JET Charge

Date:
June 16, 2020
Transaction type:
Capital raising
Sub sector:
Electric Vehicle Charging

Nash Advisory assisted JET Charge in securing capital to accelerate their business growth over the coming years. The investment round was led by the Clean Energy Finance Corporation (CEFC), and supported by a group of industry executives and private investors.

Nash Advisory, led by Sean O'Neill, undertook financial modeling, developed investment documentation and negotiated on behalf of JET Charge to secure the investment. With legals led by Clarendon Lawyers, JET Charge was able to secure investment despite a challenging macroeconomic environment due to the Coronavirus pandemic.

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Logo of Av-Comm
Completed deal:

Av-Comm

Date:
December 1, 2019
Sub sector:
Industrials, telecommunications

Nash Advisory represented Av-Comm, a specialist satellite communications infrastructure company based in Sydney, Australia, on their successful acquisition of STEP Electronics, a satellite business operating as a subsidiary of Hills Limited (ASX: HIL).

We undertook preliminary due diligence across both commercial and financial aspects of the business, assisting the directors of Av-Comm in formulating an offer which was ultimately accepted by Hills Limited. Nash Advisory, with assistance from Kain Lawyers, acted quickly and decisively to assist Av-Comm to reach terms within 90 days, and completion for the transaction within 130 days of the ASX announcement.

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Logo of Water Treatment Services
Completed deal:

Water Treatment Services

Date:
February 8, 2021
Sub sector:
Industrial water treatment

Water Treatment Services is an independent, Australian owned company providing innovative products and solutions to water quality issues in a wide variety of Industrial, Municipal, Mining and Environmental applications. The company provides a total service concept (including specialty chemical treatment programs) focusing on achieving cost effective outcomes for customers through innovation and developing tailored / customised chemical treatment products specifically suited to the operating environment.

Nash Advisory was appointed by Water Treatment Services to assist with the negotiations with a large multi- national corporation who had made an unsolicited offer to acquire the company. At the conclusion of the negotiations, the owners of WTS decided to go to market. In November 2018, Nash Advisory developed a tailored marketing campaign and approached selected buyers in the industry. This resulted in 5 offers being received from market including from trade buyers and Private Equity.

Upon acceptance of an offer in February 2019, due diligence began however this was immediately impacted due to COVID 19 when travel restrictions and various lockdowns across states prevented site tours and face to face meetings from occurring. Fortunately, due diligence recommenced in July2020 with the final sale agreement being signed in late December 2020.      

Led by Tom Butler, the sale was successfully completed in February 2021.  

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Logo of Red Earth Engineering
Completed deal:

Red Earth Engineering

Date:
November 30, 2022
Transaction type:
Selling a business
Sub sector:
Environmental Services / Geotechnical Engineering

Red Earth Engineering is a leading geotechnical and environmental services firm specialising in tailings dam engineering. With offices in Brisbane, Gold Coast and Perth, Red Earth is one of Australia’s largest geotechnical engineering firms dedicated specifically to tailings dams.

Nash Advisory completed a global buyer search, ultimately proceeding with USA based Geosyntec Consultants following a competitive, yet discreet sale process.

The transaction was led by Tom Butler and Kieran Ellis, with support from legal advisors Hayden Bateman and Adam Rich from Wisewould Mahony.

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Logo of Point Advisory
Completed deal:

Point Advisory

Date:
April 1, 2022
Sub sector:
ESG & sustainability consulting

Point Advisory, a leading ESG & sustainability consultancy engaged Nash Advisory in September 2021 to explore its options in relation to accessing growth capital or a sale of the business.

Nash Advisory held discussions with a suite of potential investors, receiving particular interest from several international trade buyers. In Feb 2022, ERM, the worlds largest pure play sustainability consultancy entered into a binding agreement to acquire 100% of the business.

The transaction was led by Tom Butler, with support from legal advisors Hayden Bateman and Adam Rich from Wisewould Mahony.

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Looking to sell your energy business?

From renewable assets to natural gas and distribution networks, we consult across the energy industry to provide assurance and disciplined execution in a volatile market.

Our specialist energy and utilities advisors

We consult to energy industry clients across Australia, supporting electricity, infrastructure, and investment transactions with practical commercial insights.

Energy business advisory across Australia and beyond

Our advisors work with energy and utilities business owners across Australia and internationally, travelling to support transactions on the ground wherever needed.

Through our global partner network, we connect vendors with qualified buyers across domestic and international markets.

Insights shaping the industry

Stay informed about deal activity, capital flows, and regulatory shifts influencing the energy, power and utilities sector.

Follow Nash Advisory on LinkedIn

Stay informed on transactions, market insight, and strategic developments across the energy, power, and utilities sector by following us on LinkedIn.

Frequently asked questions

What drives valuation in power and utilities businesses?

Valuation is driven by revenue certainty, regulatory settings, asset quality, and capital structure. Investors assess exposure to renewable energy, emission targets, and long-term contracts. Businesses that demonstrate operational resilience, scalable infrastructure, and a clear sustainability pathway typically attract stronger buyer demand and premium multiples.

How is the energy transition affecting transactions?

The energy transition is creating significant deal activity as capital rotates from legacy assets toward renewables, storage and grid infrastructure. Buyers increasingly assess transition alignment, emissions exposure and long-term contract positioning. Businesses with clear pathways to clean energy and scalable infrastructure attract stronger buyer interest.

Are renewable energy businesses attracting strong investment?

Yes. Renewable energy, solar, and emerging biogas projects continue to benefit from strong investment interest. Capital is flowing into scalable platforms that can leverage innovation and reduce costs over time. Demand is supported by sustainability commitments and long-term structural growth across Australia and globally.

How does digital capability affect energy business valuations?

Businesses that invest in operational automation, data analytics and digital monitoring systems typically demonstrate stronger margins and scalability. Buyers assess digital maturity as an indicator of operational efficiency and future growth potential. Strong technology platforms and data capability can support premium valuations.

Digital technologies enable smarter grid management, improved customer service, and cost efficiency. They also introduce cyber threats that utilities must mitigate through robust systems and governance. Businesses that invest in new capabilities often improve performance and strengthen buyer confidence.

What challenges does the sector face today?

The energy sector faces volatile pricing, regulatory pressure, and rising stakeholder expectations. Infrastructure requirements are expanding as demand from mining, data centres, and electrification grows. Utilities must invest carefully while maintaining service reliability and financial discipline.

How can Nash Advisory support energy businesses?

We provide expertise to support business sales, acquisitions, divestments, and capital raises across the Australian energy industry. Our senior advisors manage each stage of the process, helping clients navigate complexity, and execute transactions with confidence.

Speak with our energy advisory team

From renewable platforms to emerging biogas opportunities, we help clients navigate change and respond strategically as investment and demand escalate.

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