LS Power Development - M&A Summary and Business Overview

Renewable EnergyCompany

LS Power Development M&A Summary

LS Power Development has acquired 11 companies, including 5 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets.

LS Power Development’s largest acquisition to date was in 2014, when it acquired Calpine Six Southeast Power Plants for $1.6B. LS Power Development has acquired in 7 different US states, and 2 countries. The Company’s most targeted sectors include renewable energy (37%) and utilities (28%).

LS Power Development Business Overview

Where is LS Power Development headquartered?

LS Power Development is headquartered in New York,, New York.

What sector is LS Power Development in?

LS Power Development is a renewable energy company.

When was LS Power Development founded?

LS Power Development was founded in 1990.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity11
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9
  • M&A Advisors 5

LS Power Development LLC

1700 Broadway 35th Floor,
New York,, New York 10019
United States,
(212) 615-3456
www.lspower.com

LS Power is an employee-owned, independent power company.We are a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States.We have developed, constructed, managed or acquired more than 32,000 MW of competitive power generation and 470 miles of transmission infrastructure.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 7 - 1 1 - 2 11
vol $2.5B $2.5B
Sell (0.2/yr) # 1 1 - - - - 2
  13

Most Recent M&A

Company Date Value Type
Algonquin - Renewable Energy Business 2024-08-09 - Divestiture
Oakville, Ontario
Hunterstown Power Generation Station 2024-01-16 - Add-on Acquisition
Gettysburg, Pennsylvania
Natural Gas Power Plant 2022-06-23 - Add-on Acquisition
New York, New York
Endurant Energy LLC 2021-05-06 - Add-on Acquisition
Chicago, Illinois · www.endurant.com
LS Power Development - Three Solar Photovoltaic Projects 2020-09-28 - Divestiture
New York, New York
EVgo 2019-12-20 - Add-on Acquisition
Los Angeles, California · www.EVgo.com
CPower Energy Management 2018-11-29 - Add-on Acquisition
Baltimore, Maryland · www.cpowerenergymanagement.com
Allegheny Energy Supply Co. LLC 2017-01-19 - Divestiture
Greensburg, Pennsylvania
Allegheny Generating Co. 2017-01-19 - Divestiture
Greensburg, Pennsylvania
FirstEnergy Corp. - 4 Natural Gas Generating Plants 2017-01-19 925M USD Divestiture
Akron, Ohio
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 4 (36%) 1.6B (63%) 1 (50%) -
Utilities 3 (27%) 925M (37%) - -
Energy Services and Equipment 2 (18%) - 1 (50%) -
Automotive 1 (9%) - - -
Business Services 1 (9%) - - -
Total 11 $2.5B 2 -

By Geo

State/Country Buy Value Sell Value
United States 10 2.5B 2 -
  Pennsylvania 3 - - -
  Illinois 2 - - -
  New York 1 - 1 -
  Ohio 1 925M - -
  Maryland 1 - - -
  California 1 - - -
Canada 1 - - -
  Ontario 1 - - -
Domestic 10 (91%) 2.5B (100%) 2 (100%) -
Cross-border 1 (9%) - - -
Total 11 $2.5B 2 -

Top M&A Advisors

Financial Deals
Scotia Capital, Inc. (Scotiabank - Global Banking and Markets)
2
Marathon Capital LLC
1
BMO Capital Markets
1
Legal Deals
Milbank
2

Deal Values

buy # Total
> $1B 1 $1.6B
$100M to $1B 1 $925M
TOTAL $2.5B
Largest Calpine Six Southeast Power Plants
$1.6B (2014-07-03)

M&A Connections

Deals
Acquired from
Investor(s)
36%
4 (36%)
Strategic(s)
45%
5 (45%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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