M&A Deal Summary

ArcLight Capital Partners Acquires Public Service Enterprise Group - 6 750-Megawatt Fossil Generating Portfolio

On August 12, 2021, infrastructure investor ArcLight Capital Partners acquired utilities company Public Service Enterprise Group - 6 750-Megawatt Fossil Generating Portfolio from Public Service Enterprise Group for 1.9B USD

Acquisition Highlights
  • This is ArcLight Capital Partners’ 10th transaction in the Utilities sector.
  • This is ArcLight Capital Partners’ 2nd largest (disclosed) transaction.
  • This is ArcLight Capital Partners’ 79th transaction in the United States.
  • This is ArcLight Capital Partners’ 4th transaction in New York.

M&A Deal Summary
Date 2021-08-12
Target Public Service Enterprise Group - 6 750-Megawatt Fossil Generating Portfolio
Sector Utilities
Buyer(s) ArcLight Capital Partners
Sellers(s) Public Service Enterprise Group
Deal Type Divestiture
Deal Value 1.9B USD

Target

Public Service Enterprise Group - 6 750-Megawatt Fossil Generating Portfolio

Newark, New York, United States
Public Service Enterprise Group's 6,750-Megawatt Fossil Generating Portfolio is a provider of energy services to clients.

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Buyer(S) 1

Buyer

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2001
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.

DEAL STATS #
Overall 92 of 93
Sector (Utilities) 10 of 10
Type (Divestiture) 6 of 6
State (New York) 4 of 4
Country (United States) 79 of 80
Year (2021) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-20 Republic Midstream

Dover, Delaware, United States

Republic Midstream owns and operates a crude oil gathering, storage and intermediate transportation system in the Eagle Ford Shale.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 LOGOS Resources II

Farmington, New Mexico, United States

LOGOS Resources II is a developer of oil and natural gas production assets in the San Juan Basin. LOGOS Resources II is based in Farmington, New Mexico.

Sell $402M

Seller(S) 1

SELLER

Public Service Enterprise Group

Newark, New Jersey, United States
Category Company
Founded 1985
Sector Utilities
Employees12,543
Revenue 11.2B USD (2023)
DESCRIPTION

Public Service Enterprise Group is a diversified energy company, provides electric and gas service – serving 2.2 million electric customers and 1.8 million gas customers or nearly three out of every four people in the state. Public Service Enterprise Group was founded in 1985 and is based in Newark, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Ocean Wind 1

Atlantic City, New Jersey, United States

Ocean Wind 1 is an offshore wind project delivering 1,100 MW of clean, reliable energy. Ocean Wind 1 is based in Atlantic City, New Jersey.

Buy -
Mergr

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