October 18, 2017 2:56 AM ET

Electrical Equipment

Company Overview of AEI Winddown, Inc.

Company Overview

AEI Winddown, Inc. manufactures Aqueous Hybrid Ion energy storage and battery systems. AEI Winddown, Inc. was formerly known as Aquion Energy, Inc. and changed its name to AEI Winddown, Inc. in July 2017. The company was founded in 2007 and is based in Pittsburgh, Pennsylvania. As of July 14, 2017, AEI Winddown, Inc. operates as a subsidiary of Juline-Titans LLC.

32 39th Street

Pittsburgh, PA 15201

United States

Founded in 2007



Key Executives for AEI Winddown, Inc.

Chief Executive Officer and Director
Age: 51
Founder, Chief Technology Officer, Chief Scientist and Director
Chief Financial Officer
Age: 60
Chief Operating Officer
Age: 63
Vice President of Human Resources
Compensation as of Fiscal Year 2017.

AEI Winddown, Inc. Key Developments

Motion for Asset Sale Approved for Aquion Energy, Inc.

The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Aquion Energy, Inc. on June 21, 2017. The debtor has been authorized to sell substantially all of its assets to Juline-Titans LLC, the winning bidder at the auction, for a purchase price of $9.16 million. At the auction held, Juline-Titans LLC emerged as the winning bidder by offering a purchase price of $9.16 million whereas Bluesky Energy US, Inc., the stalking horse bidder, had offered a final purchase price of $2.8 million. The sale is expected to close by July 15, 2017.

Notice of Successful Bidder And Asset Purchase Agreement Filed by Aquion Energy, Inc.

Aquion Energy, Inc. filed a notice of successful bidder for the sale of substantially all of its assets in the US Bankruptcy Court on June 21, 2017. As per the notice, at the auction held on June 20, 2017, the debtor received three additional bids for substantially all of its assets. Juline-Titans LLC has been designated as the successful bidder. The debtor also filed an Asset Purchase Agreement dated June 20, 2017, with Juline-Titans LLC as the purchaser, for a purchase price of $9.16 million. As per the Asset Purchase Agreement, the purchaser shall make a signing deposit of $0.30 million and an additional deposit of $0.45 million. Enpower Energy Corp., Ltd. has been designated as the Back-up Bidder, for a back-up bid of $9.11 million. The Sale Hearing shall take place on June 21, 2017. The sale is expected to close by July 15, 2017.

Aquion Energy To Be Sold In Auction

Aquion Energy, Inc. will be sold at an auction on June 20, 2017. BlueSky Energy has submitted a so-called stalking horse bid of $2.8 million. If anyone else is interested, the rival bidder will have to pony up $3 million, with bids due June 16, 2017.

Similar Private Companies By Industry

Company Name Region
10C Technologies, Inc. United States
24M Technologies, Inc. United States
2D2C, Inc. United States
360 Electrical, LLC United States
4D Energetics Inc. United States

Recent Private Companies Transactions

June 21, 2017
May 24, 2017
March 8, 2017

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Tax Management Inc United States
Bertelsmann AG Europe

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact AEI Winddown, Inc., please visit www.aquionenergy.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.