1. Home >
  2. Investors >
  3. Private Equity Firm >
  4. United States >
  5. New York >
  6. Riverstone Holdings

Riverstone Holdings Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Riverstone Holdings has invested in 1 company.

Riverstone Holdings’ most common sectors for investment areoil/gas exploration (40%) and energy services and equipment (26%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (50%) and growth capital (18%). In total, Riverstone Holdings has invested in 14 US states and 10 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Talen Energy for $5.2B.

In the last 3 years, Riverstone Holdings has exited 4 companies. The Firm’s most common exit type is trade sale (53%). Riverstone Holdings’ largest (disclosed) exit occurred in 2022 when it sold Lucid Energy Group II for $3.6B.

Sign-up to view Riverstone Holdings’ full profile and discover more mega-sized private equity firm investors just like it.

M&A Summary

  • M&A Total Activity167
    • M&A Buy Activity106
    • M&A Sell Activity61
  • Total Sectors Invested 16
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 55
  • M&A Advisors 9

Riverstone Holdings

Riverstone Holdings LLC

712 Fifth Avenue, 36st Floor,
New York, New York 10019
United States
(212) 993-0076
www.riverstonellc.com

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Consumer Services, Energy Services and Equipment, Engineering, Information Technology, Infrastructure, Machinery, Manufacturing, Marine, Metals/Mining, Oil/Gas Exploration, Renewable Energy, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Asia/Pacific, Australia/New Zealand, Latin/South America

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

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 105 - 1 - - - 106
vol $11.9B $11.9B
Sell (1.0/yr) # 56 1 1 - 3 - 61
vol $18.7B $3.6B $22.3B
  167

Most Recent M&A

Company Date Value Type
Vesta Energy Corp. 2024-12-04 - Trade Sale
Calgary, Alberta · www.vestaenergy.com
TrailStone LP 2024-06-10 - Trade Sale
London, United Kingdom · www.trailstonegroup.com
T-REX Group, Inc. 2024-04-24 - Trade Sale
New York, New York · www.trexgroup.com
Lucid Energy Group II LLC 2022-06-16 3.6B USD Trade Sale
Dallas, Texas
T-REX Group, Inc. 2022-01-26 - Venture
New York, New York · www.trexgroup.com
ReEnergy Holdings LLC 2021-01-01 - Sold to Management
Albany, New York · www.reenergyholdings.com
Forsa Energy Gas Holdings Ltd. 2020-11-11 - Secondary Sale
Greenock, United Kingdom · www.forsaenergy.com
International-Matex Tank Terminals, Inc. 2020-11-09 2.7B USD Divestiture
New Orleans, Louisiana · www.imtt.com
Cuadrilla Resources Ltd. 2020-02-04 - Trade Sale
Manchester, United Kingdom · www.cuadrillaresources.uk
ILX Holdings LLC 2019-12-10 - Trade Sale
Houston, Texas
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Talen Energy Corp. 2016-06-03 Talen Energy - Natural Gas Plants in Corpus Christi and Laredo 2024-03-27 6
Allentown, Pennsylvania · www.talenenergy.com Corpus Christi, Texas
International-Matex Tank Terminals, Inc. 2020-11-09 International-Matex Tank Terminals - Five Fuel Terminals 2023-11-01 2
New Orleans, Louisiana · www.imtt.com , United States
International-Matex Tank Terminals, Inc. 2020-11-09 International-Matex Tank Terminals - Georgia Terminals 2022-11-01 1
New Orleans, Louisiana · www.imtt.com Savannah, Georgia
Talen Energy Corp. 2016-06-03 B-G Mechanical Contractors, Inc. 2017-09-15 5
Allentown, Pennsylvania · www.talenenergy.com Chicopee, Massachusetts · www.bgmechanical.com
Talen Energy Corp. 2016-06-03 Elmsford Sheet Metal Works, Inc. 2017-09-15 4
Allentown, Pennsylvania · www.talenenergy.com Cortland Manor, New York · www.elmsfordsheetmetal.com
Talen Energy Corp. 2016-06-03 Trystate Mechanical, Inc. 2017-09-15 3
Allentown, Pennsylvania · www.talenenergy.com Yonkers, New York · www.trystatemech.com
Talen Energy Corp. 2016-06-03 H.T. Lyons, Inc. 2017-09-15 2
Allentown, Pennsylvania · www.talenenergy.com Allentown, Pennsylvania · www.htlyons.com
Talen Energy Corp. 2016-06-03 Fred Williams, Inc. 2017-09-15 1
Allentown, Pennsylvania · www.talenenergy.com Weymouth, Massachusetts · www.fwilliams.com

M&A by Sector

Sector Current # Value All-time # Value
Oil/Gas Exploration 2 (25%) - 42 (40%) 4.0B (34%)
Energy Services and Equipment 3 (38%) 2.7B (34%) 27 (25%) 2.7B (23%)
Renewable Energy 1 (13%) - 15 (14%) -
Utilities 1 (13%) 5.2B (66%) 4 (4%) 5.2B (44%)
Marine - - 3 (3%) -
Agriculture - - 2 (2%) -
Business Services - - 2 (2%) -
Machinery - - 2 (2%) -
Manufacturing - - 2 (2%) -
Automotive - - 1 (1%) -
Infrastructure - - 1 (1%) -
Internet Software and Services - - 1 (1%) -
Metals/Mining - - 1 (1%) -
Real Estate - - 1 (1%) -
Software - - 1 (1%) -
Transportation 1 (13%) - 1 (1%) -
Total 8 $7.9B 106 $11.9B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (88%) 7.9B (100%) 78 (74%) 10.6B (89%)
  Texas 3 (38%) - 47 (44%) 2.2B (19%)
  California - - 5 (5%) -
  Colorado - - 4 (4%) 470M (4%)
  Pennsylvania 1 (13%) 5.2B (66%) 3 (3%) 5.2B (44%)
  Connecticut 1 (13%) - 3 (3%) -
  Oklahoma - - 3 (3%) -
  Maryland - - 3 (3%) -
  Louisiana 1 (13%) 2.7B (34%) 2 (2%) 2.7B (23%)
  North Carolina - - 2 (2%) -
  New York - - 2 (2%) -
  Virginia 1 (13%) - 1 (1%) -
  Missouri - - 1 (1%) -
  Illinois - - 1 (1%) -
  Florida - - 1 (1%) -
Canada - - 10 (9%) 625M (5%)
  Alberta - - 7 (7%) 625M (5%)
  Ontario - - 2 (2%) -
  British Columbia - - 1 (1%) -
United Kingdom - - 8 (8%) 200M (2%)
Mexico 1 (13%) - 2 (2%) 525M (4%)
Brazil - - 2 (2%) -
Netherlands - - 2 (2%) -
China - - 1 (1%) -
Argentina - - 1 (1%) -
Greece - - 1 (1%) -
Switzerland - - 1 (1%) -
Domestic 7 (88%) 7.9B (100%) 78 (74%) 10.6B (89%)
Cross-border 1 (13%) - 28 (26%) 1.4B (11%)
Total 8 $7.9B 106 $11.9B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (13%) - 52 (49%) 1.4B (11%)
Growth Capital 2 (25%) - 19 (18%) -
Stake Purchase 1 (13%) - 12 (11%) 470M (4%)
Secondary Buyout 1 (13%) - 9 (8%) 2.0B (16%)
Divestiture 1 (13%) 2.7B (34%) 5 (5%) 3.0B (25%)
Venture - - 3 (3%) -
Going Private 1 (13%) 5.2B (66%) 2 (2%) 5.2B (44%)
Consolidation - - 1 (1%) -
Joint Venture 1 (13%) - 1 (1%) -
PIPE - - 1 (1%) -
Recapitalization - - 1 (1%) -
Total 8 $7.9B 106 $11.9B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 22 (36%) 20.2B (90%)
IPO 14 (23%) -
Trade Sale 11 (18%) 1.3B (6%)
Secondary Sale 6 (10%) 320M (1%)
Bankruptcy 3 (5%) -
Merger 2 (3%) 532M (2%)
Unknown 2 (3%) -
Sold to Management 1 (2%) -
Total 61 $22.3B

Top M&A Advisors

Financial Deals
Goldman Sachs
 2
Jefferies
 1
RBC Capital Markets
 1
Legal Deals
Latham & Watkins
 6
Vinson & Elkins
 3
Fried Frank Harris Shriver & Jacobson
 1

Deal Values

buy # Total
> $1B 3 $9.5B
$100M to $1B 6 $2.4B
TOTAL $11.9B
Largest Talen Energy Corp.
$5.2B (2016-06-03)
sell # Total
> $1B 7 $14.8B
$100M to $1B 12 $7.5B
TOTAL $22.3B
Largest Lucid Energy Group II LLC
$3.6B (2022-06-16)

M&A Connections

Deals
Acquired from
Investor(s)
9%
10 (9%)
Strategic(s)
5%
5 (5%)
Exited to
Investor(s)
7%
4 (7%)
Strategic(s)
57%
35 (57%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

40.0B USD

Established

2000

Specialist/Generalist

Specialist

Leadership

David Leuschen

Co-Founder & Senior Managing Director

Pierre Lapeyre, Jr.

Co-Founder & Senior Managing Director

Francisco Salas

Managing Director

Jesal Shah

Managing Director

Juan Visoso

Managing Director

FAQ

When was Riverstone Holdings founded?

Riverstone Holdings was founded in 2000.

What type of investor is Riverstone Holdings?

Riverstone Holdings is a private equity firm.

Where is Riverstone Holdings headquartered?

Riverstone Holdings is headquartered in New York, New York.

How much capital does Riverstone Holdings have under management?

Riverstone Holdings has 40.0B USD under management.

Try Mergr Free — See This and 215,318+
Other Company and Investor Profiles Today

Try free. Full access. Cancel anytime.

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
Try Free

What's Mergr?

Mergr is a user-friendly database designed to simplify the complex world of private equity and M&A for busy professionals.

We created Mergr to eliminate the challenge of tracking company acquisitions, sales, and ownership, providing clear insights into investment firms and their activities. For example, explore an investment firm’s investment criteria, deal history, portfolio, and connections - organized to help you uncover opportunities and make informed decisions.

With Mergr, gain access to a comprehensive, interconnected web of transactions, investors, companies, and advisors - all in one place.

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.7K Private Equity Firms
  • 209K M&A Transactions
  • 211K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.7K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

What next?

Try Free

Full access to Mergr's investor, acquirer, and transaction data starts here.

Mergr

Solution for

Product

Company

Legal