Hull Street Energy Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Hull Street Energy has acquired 6 companies. It has also invested in 2 others.

Hull Street Energy’s most common sectors for investment arerenewable energy (39%) and energy services and equipment (31%) . The Firm’s most common investment types include divestiture (62%) and growth capital (16%). In total, Hull Street Energy has invested in 8 US states. Its largest (disclosed) acquisition occurred in 2017 when it acquired Maxim Power for $106M.

In the last 3 years, Hull Street Energy has exited 1 company. The Firm’s most common exit type is divestiture (100%).

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M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity13
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • M&A Advisors 7

Hull Street Energy

Hull Street Energy LLC

4747 Bethesda Avenue, Suite 1220,
Bethesda, Maryland 20814
United States
(410) 685-7950
www.hullstreetenergy.com
info@hullstreet.com

Hull Street Energy is a private investment firm focused on the energy sector. Hull Street Energy invests in middle-market power companies that are strategically positioned for growth as North American fuel supply, generation, transmission, and behind-the-meter assets transition to support a more sustainable future. Hull Street seeks controlling equity investments in middle market energy opportunities including operating gas fired power plants, operating and late stage development renewable projects, electricity transmission and distribution assets, and demand side resources such as grid optimization, distributed generation, and customer supply businesses. Hull Street Energy was formed in 2014 and is based in Bethesda, Maryland.


Investment Criteria

Sectors of Interest: Energy Services and Equipment, Renewable Energy, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 4 1 5 1 2 - 13
vol $189M $189M
Sell (0.2/yr) # - - - - 1 - 1
  14

Most Recent M&A

Company Date Value Type
Upstream Tech 2023-10-24 - Growth Capital
Alameda, California · www.upstream.tech
Sunrise Power Holdings LLC 2023-04-20 - Secondary Buyout
Fellows, California
Foundation Solar Partners 2023-03-28 - Divestiture
Washington, District of Columbia · www.foundationsolarpartners.com
Energy Transition and Environmental Management LLC 2022-05-24 - Growth Capital
Austin, Texas · www.etem.eco
Crockett Cogeneration LP 2021-11-04 - Secondary Buyout
Crockett, California
Connecticut Municipal Electric Energy - AL Pierce Generation Facility 2021-10-06 - Divestiture
Wallingford, Connecticut
Waterbury Generation Facility 2021-06-10 - Divestiture
Waterbury, Connecticut
Foundation Solar Partners 2021-05-24 - Buyout (LBO, MBO, MBI)
Washington, District of Columbia · www.foundationsolarpartners.com
FirstLight Waterbury Generation LLC 2021-04-01 - Divestiture
Waterbury, Massachusetts
Gauley River Power Partners LLC 2020-05-11 - Divestiture
Summersville, West Virginia
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Renewable Energy 4 (33%) 106M (56%) 5 (38%) 106M (56%)
Energy Services and Equipment 4 (33%) - 4 (31%) -
Utilities 3 (25%) 83M (44%) 3 (23%) 83M (44%)
Internet Software and Services 1 (8%) - 1 (8%) -
Total 12 $189M 13 $189M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 12 (100%) 189M (100%) 13 (100%) 189M (100%)
  California 3 (25%) - 3 (23%) -
  Massachusetts 2 (17%) 83M (44%) 2 (15%) 83M (44%)
  New York 2 (17%) - 2 (15%) -
  Connecticut 2 (17%) - 2 (15%) -
  Nevada 1 (8%) 106M (56%) 1 (8%) 106M (56%)
  West Virginia 1 (8%) - 1 (8%) -
  Texas 1 (8%) - 1 (8%) -
  District of Columbia - - 1 (8%) -
Total 12 $189M 13 $189M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 8 (67%) 189M (100%) 8 (62%) 189M (100%)
Growth Capital 2 (17%) - 2 (15%) -
Secondary Buyout 2 (17%) - 2 (15%) -
Buyout (LBO, MBO, MBI) - - 1 (8%) -
Total 12 $189M 13 $189M

Exits by Deal Type

Type Total # Value
Divestiture 1 (100%) -
Total 1 -

Top M&A Advisors

Financial Deals
Lazard Ltd.
1
Legal Deals
Troutman Pepper Hamilton Sanders
7
Hogan Lovells
2
Baker Botts
2

Deal Values

buy # Total
$100M to $1B 1 $106M
< $100M 1 $83M
TOTAL $189M
Largest Maxim Power (USA), Inc.
$106M (2017-04-13)

M&A Connections

Deals
Acquired from
Investor(s)
15%
2 (15%)
Strategic(s)
62%
8 (62%)
Exited to
Strategic(s)
100%
1 (100%)

FAQ

When was Hull Street Energy founded?

Hull Street Energy was founded in 2014.

What type of investor is Hull Street Energy?

Hull Street Energy is a private equity firm.

Where is Hull Street Energy headquartered?

Hull Street Energy is headquartered in Bethesda, Maryland.

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