Kadenwood Group Advised Doosan GridTech Through a Complex Carve-Out Sale

Kadenwood Group advised Doosan GridTech, the Doosan group's grid-scale energy storage software and controls business, as sell-side advisor on the sale of the company, engaged in November 2025.

Doosan GridTech develops the software and controls that run grid-scale battery storage plants within Doosan Enerbility, part of Korea's Doosan Group. Kadenwood Group rebuilt the marketing materials, launched in early December 2025, ran meetings through 2026 with financial sponsors, infrastructure investors and strategic buyers, and kept the process moving while the company worked through legacy long-term contracts. When an early front-runner stepped back, it brought forward the strategic buyer that CEO Steve Levy calls "a perfect match".

"I wanted a firm that would partner with us, not just come in and do spreadsheets, and I haven't been disappointed. The difficulty we presented, you never shirked away from. In fact, you got very creative. We had a very strong close coming with one group, and when it went south, you didn't get down. The companies you brought to the table met all of our expectations, and you brought the right one to the dance, so to speak: a perfect match. There's nobody more responsive than Ruben. I've said it many times: I don't know when he sleeps, and the groups you brought to us say the same thing. What that built up was trust, and a hell of a lot of respect. I saw great results, and I told our chairman he ought to look at these guys." said Steve Levy, CEO, Doosan GridTech.

The case study: https://kadenwoodcapital.com/reviews/interviews/doosan-gridtech; the firm: https://kadenwoodcapital.com.