M&A Deal Summary |
|
|---|---|
| Date | 2021-11-04 |
| Target | Crockett Cogeneration |
| Sector | Utilities |
| Buyer(s) | Hull Street Energy |
| Sellers(s) | BlackRock Capital Investment |
| Deal Type | Secondary Buyout |
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Hull Street Energy is a private investment firm focused on the energy sector. Hull Street Energy invests in middle-market power companies that are strategically positioned for growth as North American fuel supply, generation, transmission, and behind-the-meter assets transition to support a more sustainable future. Hull Street seeks controlling equity investments in middle market energy opportunities including operating gas fired power plants, operating and late stage development renewable projects, electricity transmission and distribution assets, and demand side resources such as grid optimization, distributed generation, and customer supply businesses. Hull Street Energy was formed in 2014 and is based in Bethesda, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 17 |
| Sector: Utilities M&A | 3 of 4 |
| Type: Secondary Buyout M&A Deals | 1 of 2 |
| State: California M&A | 1 of 3 |
| Country: United States M&A | 10 of 17 |
| Year: 2021 M&A | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-06 |
Connecticut Municipal Electric Energy - AL Pierce Generation Facility
Wallingford, Connecticut, United States Connecticut Municipal Electric Energy's AL Pierce Generation Facility provides 84 megawatts of flexible, fast start dual-fueled power generation capacity to the New England region. Connecticut Municipal Electric Energy's AL Pierce Generation Facility is based in Wallingford, Connecticut. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-24 |
ETEM
Houston, Texas, United States ETEM is an energy transition and liability transfer company focused on acquiring, remediating, and repurposing fossil-fired electric generation. The company offers generation owners a full and final transfer of all the risks and liabilities associated with retired and operating generation. The team brings decades of power and energy experience to facilitate the nation's transition from fossil-fired generating assets to more sustainable energy sources. ETEM is based in Houston, Texas. |
Buy | - |
| Category | Business Development Company |
|---|---|
| Founded | 2005 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
BlackRock Capital Investment is a publicly traded business development company (BDC) that provides middle-market companies with a variety of financing solutions. This includes senior and junior secured, unsecured and subordinated debt securities and loans, as well as equity. BlackRock Capital targets profitable companies with strong management and defensible market positions that may be underserved by traditional lending sources. The Firm looks to commit $10 to $50 million in businesses generating $10 to $50 million of EBITDA. BlackRock was formed in 2005 by BlackRock and Kelso & Company. The Firm has offices in New York City and Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 23 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 12 of 12 |
| State: California M&A | 3 of 3 |
| Country: United States M&A | 21 of 21 |
| Year: 2021 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-06 |
Red Apple Stores
Mississauga, Ontario, Canada Red Apple Stores operates 140 extreme value stores throughout Canada (excluding Quebec) which serve middle-income consumers in rural secondary and tertiary markets and select urban markets. Red Apple Stores is based in Mississauga, Ontario. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-04 |
ADNOC Oil Pipelines
Abu Dhabi, United Arab Emirates ADNOC Oil Pipelines will lease ADNOC’s interest in 18 pipelines, transporting stabilized crude oil and condensate across ADNOC’s offshore and onshore upstream concessions, for a 23-year period. ADNOC Oil Pipelines is based in Abu Dhabi, United Arab Emirates. |
Sell | - |
