M&A Deal Summary

Hull Street Energy Acquires Elwood Energy s Illinois Power Assets

On June 5, 2025, private equity firm Hull Street Energy acquired energy services and equipment company Elwood Energy s Illinois Power Assets from Elwood Energy

Acquisition Highlights
  • This is Hull Street Energy’s 6th transaction in the Energy Services and Equipment sector.
  • This is Hull Street Energy’s 17th transaction in the United States.
  • This is Hull Street Energy’s 1st transaction in Illinois.

M&A Deal Summary

Date 2025-06-05
Target Elwood Energy s Illinois Power Assets
Sector Energy Services and Equipment
Buyer(s) Hull Street Energy
Sellers(s) Elwood Energy
Deal Type Divestiture

Target

Elwood Energy s Illinois Power Assets

Joliet, Illinois, United States
Elwood Energy's Illinois Power Assets comprises generating assets located near Joliet, Illinois.

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Buyer(S) 1

DESCRIPTION

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 17 of 17
Sector: Energy Services and Equipment M&A 6 of 6
Type: Divestiture M&A Deals 9 of 9
State: Illinois M&A 1 of 1
Country: United States M&A 17 of 17
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-28 TruGrid

Houston, Texas, United States

TruGrid is an industry leader for utility-scale energy storage and solar projects across North America. TruGrid is a premier engineering, procurement, construction (EPC) and integration contractor. TruGrid is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Elwood Energy

Elwood , Illinois, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Elwood Energy operates a power station of at least 1,728 megawatts (MW) in Elwood, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1