M&A Deal Summary

Ares Private Equity Group Acquires BP Wind Energy North America - Three Texas Wind Farms

On December 21, 2018, private equity firm Ares Private Equity Group acquired renewable energy company BP Wind Energy North America - Three Texas Wind Farms from BP Wind Energy North America

Acquisition Highlights
  • This is Ares Private Equity Group’s 3rd transaction in the Renewable Energy sector.
  • This is Ares Private Equity Group’s 63rd transaction in the United States.
  • This is Ares Private Equity Group’s 10th transaction in Texas.

M&A Deal Summary

Date 2018-12-21
Target BP Wind Energy North America - Three Texas Wind Farms
Sector Renewable Energy
Buyer(s) Ares Private Equity Group
Sellers(s) BP Wind Energy North America
Deal Type Divestiture

Target

BP Wind Energy North America - Three Texas Wind Farms

Houston, Texas, United States
BP Wind Energy North America's Three Texas Wind Farms includes two wind facilities located in the ERCOT West region – Sherbino Mesa 2 (145 MW) and Trinity Hills (225 MW) – and one wind facility located in the ERCOT North region – Silver Star (60 MW).

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 81 of 126
Sector: Renewable Energy M&A 3 of 4
Type: Divestiture M&A Deals 5 of 6
State: Texas M&A 10 of 13
Country: United States M&A 63 of 93
Year: 2018 M&A 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Ryan

Dallas, Texas, United States

Ryan is a provider of state, local, federal, and international tax advisory and consulting services. Services include audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan was formed in 1991 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Esquire Financing

Taguig, Philippines

Esquire Financing is a trusted non-bank financial institution that focuses on fueling the dreams of small to medium entrepreneurs. Esquire Financing have fueled the entrepreneurial dreams of over 27,000 small and medium enterprises across the country. Esquire Financing take pride in our minimal documentary requirements, flexible interest rates and fast approval time. Esquire Financing was founded in 2011 and is based in Taguig, Philippines.

Buy -

Seller(S) 1

SELLER

BP Wind Energy North America

Houston, Texas, United States

Category Company
Founded 2007
Sector Renewable Energy
DESCRIPTION

BP Wind Energy North America, Inc. is a operator of wind energy power plants and projects.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-09 St. Lawrence Windpower

Cape Vincent, New York, United States

St. Lawrence Windpower LLC is a producer of wind power.

Buy -