Buyout (LBO, MBO, MBI) • Utilities

Generate Capital Acquires esVolta

On July 21, 2022, private equity firm Generate Capital acquired utilities company esVolta

Acquisition Context
  • This is Generate Capital’s 1st transaction in the Utilities sector.
  • This is Generate Capital’s 3rd transaction in the United States.
  • This is Generate Capital’s 1st transaction in California.

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M&A Deal Summary

Date July 21, 2022
Target esVolta
Sector Utilities
Buyer(s) Generate Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Hogan Lovells (Legal)

Target Company

esVolta

Newport Beach, California, United States
esVolta is a developer, owner, and operator of utility-scale energy storage projects across North America. The company’s portfolio of operational plus contracted projects totals over 900 megawatt hours of storage capacity, and the firm is developing a large pipeline of future storage projects. esVolta is based in Newport Beach, California.
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Buyer Overview 1

Buyer

Generate Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Generate Capital is an investment group focused on investing in and acquiring growth-oriented sustainable businesses. Specific areas of interest include sustainable energy, sustainable transportation, and sustainable water, waste, and agriculture. Generate Capital was formed in 2014 and is headquartered in San Francisco, California.


Deal Context for Buyer #
Overall 5 of 5
Sector: Utilities 1 of 1
Type: Buyout (LBO, MBO, MBI) 2 of 2
State: California 1 of 1
Country: United States 3 of 3
Year: 2022 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Generate Upcycle

London, Ontario, Canada

Generate Upcycle invests, owns, and operates sustainable infrastructure assets in the waste-to-value and circular economy sectors. Across more than 20 facilities in the U.S. and Canada, Generate Upcycle currently processes approximately half a million tons of food waste annually and composts an additional 365,000 tons of organic waste per year.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-08 Ambient Fuels

New York, New York, United States

Ambient Fuels is a green hydrogen project developer focused on delivering custom‑engineered solutions. Ambient Fuels is based in New York, New York.

Sell -