M&A Deal Summary

ECP Acquires Harvestone Low Carbon Partners

On December 1, 2022, private equity firm ECP acquired energy services and equipment company Harvestone Low Carbon Partners

Acquisition Highlights
  • This is ECP’s 15th transaction in the Energy Services and Equipment sector.
  • This is ECP’s 49th transaction in the United States.
  • This is ECP’s 1st transaction in North Dakota.

M&A Deal Summary

Date 2022-12-01
Target Harvestone Low Carbon Partners
Sector Energy Services and Equipment
Buyer(s) ECP
Deal Type Buyout (LBO, MBO, MBI)

Target

Harvestone Low Carbon Partners

Underwood, North Dakota, United States
Harvestone Low Carbon Partners is a midwestern biofuels enterprise that owns Blue Flint, a 73 million gallon per year biorefinery in operation since 2007 near Underwood, North Dakota; Dakota Spirit, a 75 million gallon per year biorefinery in operation since 2015 near Spiritwood, North Dakota; and Iroquois Bio Energy Company, a 50 million per year biorefinery in operation since 2007 at Rensselaer, Indiana. Harvestone Low Carbon Partners is based in Underwood, North Dakota.

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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 50 of 57
Sector: Energy Services and Equipment M&A 15 of 18
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 16
State: North Dakota M&A 1 of 1
Country: United States M&A 49 of 53
Year: 2022 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 New Leaf Energy

Lowell, Massachusetts, United States

New Leaf Energy is a developer of renewable energy and energy storage projects in the United States both distributed generation and utility scale. New Leaf Energy is based in Lowell, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-27 Biffa

High Wycombe, United Kingdom

Biffa is a sustainable waste management company that provides unrivaled end-to-end waste and recycling solutions for thousands of businesses and millions of households each day. Underpinned by its carbon collection network, the company enables the UK circular economy by continuing to build our plastic recycling capacity, investing in energy recovery, and growing the amount of surplus produce redistributing through Company Shop. Biffa is based in High Wycombe, United Kingdom.

Buy £2.1B