M&A Deal Summary

EBSCO Capital Acquires Cherry Street Energy

On October 17, 2022, corporate investor EBSCO Capital acquired renewable energy company Cherry Street Energy

Acquisition Highlights
  • This is EBSCO Capital’s 1st transaction in the Renewable Energy sector.
  • This is EBSCO Capital’s 5th transaction in the United States.
  • This is EBSCO Capital’s 1st transaction in Georgia.

M&A Deal Summary

Date 2022-10-17
Target Cherry Street Energy
Sector Renewable Energy
Buyer(s) EBSCO Capital
Deal Type Recapitalization

Target

Cherry Street Energy

Atlanta, Georgia, United States
Cherry Street Energy is an operator of a business that sells solar power directly to large-scale customers, enabling them to stabilize their energy rates and make significant, measurable reductions in their carbon emissions. Cherry Street Energy is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

EBSCO Capital

Investor Investor Investor


Category Corporate Investor
Founded 2014
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

EBSCO Capital is the private equity investment arm of privately held conglomerate EBSCO Industries. EBSCO Capital looks to make control investments in North American companies operating in traditional industries. Sectors of interest for platform investments include business services, manufacturing, distribution, and consumer products. Target companies are generally profitable ($8 to $25 million of EBITDA) and possess strong management, proven track records of success, low capital expenditures, and diverse customers. EBSCO Capital was formed in2014 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 5 of 5
Sector: Renewable Energy M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Bailey

Knoxville, Tennessee, United States

Bailey is a manufacturer and distributor of mobile fluid power components including hydraulic cylinders, power units, pumps, valves, motors, hoses and fittings, bearings, and bushings used primarily in mobile equipment applications. Since its founding, the company has evolved into a diversified, industry-leading manufacturer and distributor of highly engineered hydraulic cylinders and related products. Bailey was formed in 1976 and is headquartered in Knoxville, Tennessee.

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