M&A Deal Summary

Greenleaf Power Acquires Plainfield Renewable Energy Plant

On July 27, 2015, Greenleaf Power acquired renewable energy company Plainfield Renewable Energy Plant from Leidos

Acquisition Highlights
  • This is Greenleaf Power’s 3rd transaction in the Renewable Energy sector.
  • This is Greenleaf Power’s 3rd transaction in the United States.
  • This is Greenleaf Power’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2015-07-27
Target Plainfield Renewable Energy Plant
Sector Renewable Energy
Buyer(s) Greenleaf Power
Sellers(s) Leidos
Deal Type Divestiture

Target

Plainfield Renewable Energy Plant

Plainfield, Connecticut, United States
Plainfield Renewable Energy has a net electricity generation capacity of approximately 37.5 megawatts. It is capable of providing baseload renewable energy for as many as 280,000 homes. The facility, which first became operational in December 2013, uses clean biomass as its fuel and sells its electrical output to Connecticut Light and Power under a long-term offtake agreement.

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Buyer(S) 1

Buyer

Greenleaf Power

Sacramento, California, United States
Category Company
Founded 2010
Sector Renewable Energy
DESCRIPTION

Greenleaf Power acquires, develops, owns, and operates power projects that utilize residual biomass as fuel. Greenleaf Power currently owns and operates more than 145 megawatts of biomass-generating assets in North America. Greenleaf Power was founded in 2010 and is based in Sacramento, California.

DEAL STATS #
Overall 3 of 3
Sector (Renewable Energy) 3 of 3
Type (Divestiture) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 Tracy Biomass Plant

Tracy, California, United States

Tracy Biomass Plant is biomass plant operating 47 MW Desert View plant in Mecca, California, 30 MW Honey Lake plant in Wendel, California and 28 MW Eel River plant in Scotia, California.

Buy -

Seller(S) 1

SELLER

Leidos

Reston, Virginia, United States
Category Company
Founded 1969
Sector Information Technology
Employees47,000
Revenue 15.4B USD (2023)
DESCRIPTION
Entrance to Leidos' office in Columbia, Maryland.
Entrance to Leidos' office in Columbia, Maryland.

Leidos is a provider of science and technology solutions in the United States. The company delivers solutions and services for data analytics, systems integration, and cybersecurity to the agencies of the U.S. Department of Defense, the intelligence community, and the U.S. Department of Homeland Security, as well as other U.S. Government civil agencies, state and local government agencies, foreign governments, and customers in a range of commercial markets. Leidos was founded in 1969 and is based in Reston, Virginia.

DEAL STATS #
Overall 2 of 3
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 2 of 3
State (Connecticut) 1 of 1
Country (United States) 2 of 3
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Cloudshield Technologies

Sunnyvale, California, United States

Cloudshield Technologies, Inc. is a cybersecurity and management solutions provider. CloudShield provides services management and infrastructure security solutions to service providers and national governments worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-26 Lockheed Martin - Information Systems & Global Solutions Business

United States

Lockheed Martin - Information Systems & Global Solutions Business (IS&GS) is a provider of IT services.

Buy $5.0B
Mergr

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