M&A Deal Summary

The Blackstone Group Acquires Aypa Power

On March 4, 2020, private equity firm The Blackstone Group acquired renewable energy company Aypa Power from NRStor

Acquisition Highlights
  • This is The Blackstone Group’s 4th transaction in the Renewable Energy sector.
  • This is The Blackstone Group’s 162nd transaction in the United States.
  • This is The Blackstone Group’s 27th transaction in Texas.

M&A Deal Summary

Date 2020-03-04
Target Aypa Power
Sector Renewable Energy
Buyer(s) The Blackstone Group
Sellers(s) NRStor
Deal Type Divestiture
Advisor(s) Marathon Capital LLC (Financial)
McCarthy Tétrault (Legal)

Target

Aypa Power

Austin, Texas, United States
website
Aypa Power is a developer, owner, and operator of MW-scale battery and renewable energy projects, Aypa’s turn-key approach delivers reliable electricity at lower prices than conventional solutions. With projects ranging from microgrids to industrial facilities and utility-scale systems, the company is committed to creating the robust, diverse, and sustainable grid of the future. Aypa Power is based in Austin, Texas and Toronto, Ontario.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 264 of 319
Sector (Renewable Energy) 4 of 4
Type (Divestiture) 26 of 32
State (Texas) 27 of 32
Country (United States) 162 of 201
Year (2020) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-04 NRStor

Toronto, Ontario, Canada

NRStor is a developer of battery storage solutions, targeting scale storage deployment opportunities in North America. NRStor offers stand-alone, renewable coupled energy storage systems, as well as microgrids which are centrally managed through its state-of-the-art operational platform. NRStor was established in 2012 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 HealthEdge Software

Burlington, Massachusetts, United States

HealthEdge Software is a provider of modern, disruptive healthcare IT solutions that health insurers use to leverage new business models, improve outcomes, drastically reduce administrative costs and connect everyone in the healthcare delivery cycle. HealthEdge Software is based in Burlington, Massachusetts.

Buy -

Seller(S) 1

SELLER

NRStor

Toronto, Ontario, Canada

website


Category Company
Founded 2012
Sector Renewable Energy
DESCRIPTION

NRStor is a developer of battery storage solutions, targeting scale storage deployment opportunities in North America. NRStor offers stand-alone, renewable coupled energy storage systems, as well as microgrids which are centrally managed through its state-of-the-art operational platform. NRStor was established in 2012 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1