Add-on Acquisition • Energy Services and Equipment

Castleton Commodities International Acquires L48 Energy

On December 13, 2023, Castleton Commodities International acquired energy services and equipment company L48 Energy

Acquisition Context
  • This is Castleton Commodities International’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Castleton Commodities International’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date December 13, 2023
Target L48 Energy
Sector Energy Services and Equipment
Buyer(s) Castleton Commodities International
Deal Type Add-on Acquisition

Target Company

L48 Energy

London, United Kingdom
L48 Energy is an independent pure-play battery energy storage (BESS) "originator to operator" that develops, builds, and owns grid-scale batteries at crucial locations in the UK, with possible expansion into other European markets. L48 Energy is based in London.
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Buyer Overview 1

Buyer

Castleton Commodities International

Stamford, Connecticut, United States

Category Company
Founded 1997
Sector Financial Services
DESCRIPTION

Castleton Commodities International LLC is a commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets.


Deal Context for Buyer #
Overall 7 of 7
Sector: Energy Services and Equipment 2 of 2
Type: Add-on Acquisition 3 of 3
Country: United Kingdom 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 NorTex Midstream Partners

Houston, Texas, United States

NorTex Midstream Partners is an independently owned developers and operators of high-deliverability, multi-cycle natural gas storage capacity. NorTex was founded in 2007 and is based in Houston, Texas.

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