M&A Deal Summary

Crestline Investors and US Renewables Group Acquire FFP New Hydro

On August 1, 2010, asset manager Crestline Investors and private equity firm US Renewables Group acquired renewable energy company FFP New Hydro

Acquisition Highlights
  • This is Crestline Investors’ 1st and US Renewables Group’s 3rd transaction in the Renewable Energy sector.
  • This is Crestline Investors’ 1st and US Renewables Group’s 9th transaction in the United States.
  • This is Crestline Investors’ 1st and US Renewables Group’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2010-08-01
Target FFP New Hydro
Sector Renewable Energy
Buyer(s) Crestline Investors
US Renewables Group
Deal Type Buyout (LBO, MBO, MBI)

Target

FFP New Hydro

Boston, Massachusetts, United States
FFP New Hydro LLC is an operator of new hydropower projects. FFP New Hydro was founded in 2010 and is based in Boston, Massachusetts.

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Buyer(S) 2

Buyer

Crestline Investors

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1997
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crestline Investors is an alternative investment firm that specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. The Firm was formed in 1997 and is based in Forth Worth, Texas.

DEAL STATS #
Overall 1 of 9
Sector (Renewable Energy) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Massachusetts) 1 of 2
Country (United States) 1 of 6
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 Ntiva

Mclean, Virginia, United States

Ntiva provides a full suite of outsourced IT services, including onsite support, remote monitoring, cloud services, backup and disaster recovery, and strategic consulting. The company enables its customers to outsource their IT infrastructure, allowing them to improve their performance, reduce costs and enhance security. Ntiva was founded in 2004 and is based in Mclean, Virginia.

Buy -
Buyer

US Renewables Group

Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

US Renewables Group (USRG) is an investment firm focused exclusively on the renewable energy industry. USRG looks to commit $30 to $70 million in a variety of projects in the renewable power, biofuels, and renewable infrastructure sectors. USRG was formed in 2003 and is based in Santa Monica, California.

DEAL STATS #
Overall 9 of 9
Sector (Renewable Energy) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Massachusetts) 2 of 2
Country (United States) 9 of 9
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-08 Westerly Wind

Braintree, Massachusetts, United States

Westerly Wind LLC provides development capital and expertise to wind projects at all stages in the development cycle. Westerly Wind was formed in 2010 and is based in Braintree, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 Tracy Biomass Plant

Tracy, California, United States

Tracy Biomass Plant is biomass plant operating 47 MW Desert View plant in Mecca, California, 30 MW Honey Lake plant in Wendel, California and 28 MW Eel River plant in Scotia, California.

Sell -
Mergr

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