M&A Deal Summary

Aspen Power Partners Acquires Safari Energy

On September 29, 2022, Aspen Power Partners acquired renewable energy company Safari Energy from PPL

Acquisition Highlights
  • This is Aspen Power Partners’ 1st transaction in the Renewable Energy sector.
  • This is Aspen Power Partners’ 1st transaction in the United States.
  • This is Aspen Power Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2022-09-29
Target Safari Energy
Sector Renewable Energy
Buyer(s) Aspen Power Partners
Sellers(s) PPL
Deal Type Divestiture

Target

Safari Energy

New York, New York, United States
Safari Energy is a provider of solar energy solutions for commercial customers. Safari Energy was founded in 2008 and is based in New York.

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Buyer(S) 1

Buyer

Aspen Power Partners

Dallas, Texas, United States

Category Company
Sector Distribution
DESCRIPTION

Aspen Power Partners is a distributor of generation platform focused on solar and storage. Aspen Power Partners develop and finance community, multifamily, and other distributed solar and storage installations enabling consumers of all income levels to access clean renewable energy. Aspen Power Partners is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

PPL

Allentown, Pennsylvania, United States

Category Company
Founded 1920
Sector Utilities
Employees6,629
Revenue 8.3B USD (2023)
DESCRIPTION

PPL delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom, owns more than 18,000 megawatts of generating capacity in the United States and sells energy in key U.S. markets. PPL was founded in 1920 and is based in Allentown, Pennsylvania.


DEAL STATS #
Overall 4 of 4
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 4 of 4
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 National Grid - Rhode Island Utility

London, United Kingdom

National Grid's Rhode Island Utility is a provider of Utilities services in London, United Kingdom.

Buy -