M&A Deal Summary

AES Acquires Valcour Wind Energy

On December 7, 2021, AES acquired renewable energy company Valcour Wind Energy from The Carlyle Group

Acquisition Highlights
  • This is AES’s 4th transaction in the Renewable Energy sector.
  • This is AES’s 10th transaction in the United States.
  • This is AES’s 1st transaction in New York.

M&A Deal Summary

Date 2021-12-07
Target Valcour Wind Energy
Sector Renewable Energy
Buyer(s) AES
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target

Valcour Wind Energy

Albany, New York, United States
Valcour Wind Energy operates a wind generation portfolio in New York along with a dedicated operations platform. The portfolio comprises six distinct wind farms located in Northern and Western New York.

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Buyer(S) 1

Buyer

AES

Arlington, Virginia, United States

Category Company
Founded 1981
Sector Utilities
Employees9,600
Revenue 12.7B USD (2023)
DESCRIPTION

AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. AES was founded in 1981 and is based in Arlington, Virginia.


DEAL STATS #
Overall 12 of 13
Sector (Renewable Energy) 4 of 5
Type (Add-on Acquisition) 11 of 12
State (New York) 1 of 1
Country (United States) 10 of 11
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Uplight

Boulder, Colorado, United States

Uplight is a provider of energy management software, hardware, and services for consumers and utility companies. Uplight data analytics on more than 123 million homes creates new business opportunities for any product or service provider connected to the home. Today, this includes electric and gas utilities, and energy retailers. Built over more than a decade, the Tendril Platform delivers real-time, ever-evolving data about the home and how people use energy in it. These rich insights help our customers improve customer acquisition, increase engagement and orchestrate home energy experiences. Uplight was founded in 2004 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Community Energy

Radnor, Pennsylvania, United States

Community Energy is an REC marketer and utility-scale solar/wind project developer, focused principally in the Northeast, Mid-Atlantic and Midwest. Community Energy was founded in 1999 and is based in Radnor, Pennsylvania.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 436 of 481
Sector (Renewable Energy) 2 of 4
Type (Add-on Acquisition) 185 of 198
State (New York) 18 of 18
Country (United States) 240 of 259
Year (2021) 28 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 YipitData

New York, New York, United States

YipitData is a market research firm for the disruptive economy. YipitData analyzes billions of data points every day to provide accurate, detailed insights on ridesharing, e-commerce marketplaces, payments, and more. YipitData was founded in 2013 and is headquartered in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-10 Star Health and Allied Insurance

Chennai, India

Star Health and Allied Insurance is a standalone health insurer. Star Health and Allied Insurance was founded in 2005 and is based in Chennai, India.

Sell -