M&A Deal Summary

ECP Acquires Avolta Renewable

On February 1, 2022, private equity firm ECP acquired renewable energy company Avolta Renewable

Acquisition Highlights
  • This is ECP’s 10th transaction in the Renewable Energy sector.
  • This is ECP’s 45th transaction in the United States.
  • This is ECP’s 1st transaction in West Virginia.

M&A Deal Summary

Date 2022-02-01
Target Avolta Renewable
Sector Renewable Energy
Buyer(s) ECP
Deal Type Buyout (LBO, MBO, MBI)

Target

Avolta Renewable

Charleston, West Virginia, United States
Avolta is a developer of renewable natural gas projects. Avolta is based in Charleston, West Virginia.

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Buyer(S) 1

Buyer

ECP

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.


DEAL STATS #
Overall 46 of 57
Sector: Renewable Energy M&A 10 of 14
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 16
State: West Virginia M&A 1 of 1
Country: United States M&A 45 of 53
Year: 2022 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Pivot Energy

Denver, Colorado, United States

Pivot Energy is a national solar provider that develops, finances, builds owns, and manages solar and storage energy projects. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full solar ecosystem. Pivot operates on a triple bottom line basis, measuring success by the positive impact on people, the planet, and profit. Pivot Energy was founded in 2009 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 Restaurant Technologies

Mendota Heights, Minnesota, United States

Restaurant Technologies is a foodservice industry partner, serving more than 32,000 quick-service and full-service restaurant chains, independent restaurants, grocery delis, hotels, casinos, universities, and hospitals nationwide. The company helps make foodservice operations safer, smarter, and more efficient through cooking oil and hood and flue management solutions. It has a long history of sustainability, working with partners to provide used cooking oil as input into renewable diesel and biodiesel, creating an ESG-friendly process of recycled used cooking oil for its customers. Restaurant Technologies was formed in 1996 and is based in Mendota Heights, Minnesota.

Buy -