M&A Deal Summary

Gallop Power Greenville Acquires Greenville Steam

On November 24, 2009, Gallop Power Greenville acquired utilities company Greenville Steam from New Energy Capital

Acquisition Highlights
  • This is Gallop Power Greenville’s 1st transaction in the Utilities sector.
  • This is Gallop Power Greenville’s 1st transaction in the United States.
  • This is Gallop Power Greenville’s 1st transaction in Maine.

M&A Deal Summary
Date 2009-11-24
Target Greenville Steam
Sector Utilities
Buyer(s) Gallop Power Greenville
Sellers(s) New Energy Capital
Deal Type Add-on Acquisition
Advisor(s) Ewing Bemiss & Co. (Financial)

Target

Greenville Steam

Greenville, Maine, United States
Greenville Steam Co. is an owner and operator of a 19 MW wood-fired renewable energy power plant located in Maine.

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Buyer(S) 1

Buyer

Gallop Power Greenville

Portland, Michigan, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Gallop Power Greenville LLC provides energy services.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

New Energy Capital

Hanover, New Hampshire, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2004
Size Small
Type Sector Focused
DESCRIPTION

New Energy Capital is a private investment firm focused on acquiring and investing in renewable energy projects. New Energy looks for controlling interests in biomass, including landfill gas and animal waste-to-energy projects; combined heat and power projects at commercial and industrial facilities; and ethanol and biodiesel projects. New Energy looks for North American opportunities requiring $20 to $200 million of capital. New Energy Capital is based in Hanover, New Hampshire.

DEAL STATS #
Overall 1 of 6
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Maine) 1 of 1
Country (United States) 1 of 6
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-21 Greenville Steam

Greenville, Maine, United States

Greenville Steam Co. is an owner and operator of a 19 MW wood-fired renewable energy power plant located in Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Biofuels Point Loma

San Diego, California, United States

Biofuels Point Loma is an operator of 1.4 MMSCF per day biogas purification system. Wastewater Treatment Facility in San Diego, California.

Buy -
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