M&A Deal Summary

Energy Power Partners Acquires LES Project Holdings

On June 10, 2021, private equity firm Energy Power Partners acquired renewable energy company LES Project Holdings from Aria Energy

Acquisition Highlights
  • This is Energy Power Partners’ 3rd transaction in the Renewable Energy sector.
  • This is Energy Power Partners’ 5th transaction in the United States.
  • This is Energy Power Partners’ 1st transaction in Michigan.

M&A Deal Summary

Date 2021-06-10
Target LES Project Holdings
Sector Renewable Energy
Buyer(s) Energy Power Partners
Sellers(s) Aria Energy
Deal Type Divestiture

Target

LES Project Holdings

Novi, Michigan, United States
LES Project Holdings consists of a portfolio of 16 operating landfill gas-to-energy projects in Michigan, New Jersey, Florida, California, Utah, North Carolina, and Virginia, with a total of 90 megawatts of nameplate generating capacity. The projects sell renewable electricity to investment-grade utilities under long-term contracts. LES Project Holdings is based in Novi, Michigan.

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Buyer(S) 1

DESCRIPTION

Energy Power Partners is a private equity firm that makes equity investments in U.S. and Canadian renewable energy projects and platforms. The Firm targets assets that have predictable cash flows, utilize proven technologies and have asset optimization potential. Specific areas of interest include renewable natural gas, solar, wind, and cogeneration assets. Energy Power Partners was established in 2009 and is headquartered in Marina del Rey, California.


DEAL STATS #
Overall 5 of 5
Sector: Renewable Energy M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Talen Renewable Energy

Allentown, Pennsylvania, United States

Talen Renewable Energy consists of a portfolio of 25 utility-grade clean power projects in Pennsylvania, New Jersey, Vermont, and New Hampshire, with a total of 65 megawatts of nameplate generating capacity. Talen Renewable Energy is based in Allentown, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Aria Energy

Novi, Michigan, United States

Category Company
Founded 1996
Sector Renewable Energy
DESCRIPTION

Aria Energy projects generate enough energy to remove the equivalent of 1.5 billion gallons of gasoline emissions from the atmosphere. The company's values foster a safe, high-integrity work environment where it employs rigorous analytics to all aspects of our business. Aria Energy proactively works with the full range of stakeholders for the betterment and well-being of its environment and community. Aria Energy was formed in 1996 and is based in Novi, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-14 Innovative Energy Systems

Oakfield, New York, United States

Innovative Energy Systems LLC is a operates a portfolio of 11 landfill gas-to-energy projects.

Buy -