M&A Deal Summary

Fortistar Renewables Acquires EDF Renewable Energy - Two Renewable Natural Gas

On April 2, 2019, Fortistar Renewables acquired oil/gas exploration company EDF Renewable Energy - Two Renewable Natural Gas from EDF Renewable Energy

Acquisition Highlights
  • This is Fortistar Renewables’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Fortistar Renewables’ 4th transaction in the United States.
  • This is Fortistar Renewables’ 2nd transaction in California.

M&A Deal Summary
Date 2019-04-02
Target EDF Renewable Energy - Two Renewable Natural Gas
Sector Oil/Gas Exploration
Buyer(s) Fortistar Renewables
Sellers(s) EDF Renewable Energy
Deal Type Divestiture

Target

EDF Renewable Energy - Two Renewable Natural Gas

San Diego, California, United States
EDF Renewable Energy, Inc. - Two Renewable Natural Gas comprises Greentree Landfill Gas and Imperial Landfill Gas located in Western Pennsylvania, the two facilities have the capacity to produce 1.5 million decatherms of RNG per year—enough to power 1,117 natural gas trucks and displace 12 million GGE of diesel fuel.

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Buyer(S) 1

Buyer

Fortistar Renewables

White Plains, New York, United States
Category Company
Founded 1974
Sector Renewable Energy
DESCRIPTION

Fortistar Renewables LLC provides renewable energy services.

DEAL STATS #
Overall 4 of 4
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 3 of 3
State (California) 2 of 2
Country (United States) 4 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 Castleton Power

Castleton-on-Hudson, New York, United States

Castleton Power LLC is a 72 megawatt (MW) gas-fired combined cycle power plant located in Castleton-on-Hudson, NY.

Buy -

Seller(S) 1

SELLER

EDF Renewable Energy

San Diego, California, United States
Category Company
Founded 1987
Sector Energy Services and Equipment
DESCRIPTION

EDF Renewable Energy is one of the renewable energy players in the U.S. market and owns more than 1,400 MW of renewable power generation assets and more than 6,000MW of O&M service contracts through its affiliate company, EDF Renewable Services.

DEAL STATS #
Overall 7 of 9
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 6 of 8
State (California) 2 of 3
Country (United States) 7 of 9
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 EnterSolar

New York, New York, United States

EnterSolar is a provider of solar photovoltaic solutions to the commercial marketplace. Unique in its combination of business operations and solar expertise, the Company works with commercial enterprises to deliver optimal solar energy alternatives with compelling, long-term ROI.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 PowerFlex Systems

Los Altos, California, United States

PowerFlex Systems, Inc. is a provider of managed electric vehicle (EV) charging technology. PowerFlex Systems was founded in 2017 and is based in Los Altos, California.

Buy -
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