M&A Deal Summary |
|
|---|---|
| Date | 2023-04-20 |
| Target | Sunrise Power Holdings |
| Sector | Energy Services and Equipment |
| Buyer(s) | Hull Street Energy |
| Sellers(s) | ArcLight Capital Partners |
| 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 | 13 of 17 |
| Sector: Energy Services and Equipment M&A | 5 of 6 |
| Type: Secondary Buyout M&A Deals | 2 of 2 |
| State: California M&A | 2 of 3 |
| Country: United States M&A | 13 of 17 |
| Year: 2023 M&A | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-03-28 |
Foundation Solar Partners
Washington, District of Columbia, United States Foundation Solar Partners is an independent solar resource development company that collaborates with landowners, utilities, and local communities to develop utility-scale projects in the eastern United States. Foundation Solar Partners headquartered in Washington, District of Columbia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-16 |
Greenskies Clean Focus
North Haven, Connecticut, United States Greenskies Clean Focus offers a full suite of renewable energy solutions to commercial, public sector, and utility energy users. Greenskies Clean Focus delivers the most cost-competitive solar, battery storage, and low carbon solutions. Greenskies originates, develops, constructs, and operates, while Clean Focus finances and owns the systems. Greenskies Clean Focus was founded in 2009 and is based in North Haven, Connecticut. |
Buy | - |
| Category | Infrastructure |
|---|---|
| Founded | 2001 |
| PE ASSETS | 20.0B USD |
| Size | Mega |
| Type | Sector Focused |
ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 29 |
| Sector: Energy Services and Equipment M&A | 7 of 7 |
| Type: Secondary Buyout M&A Deals | 9 of 9 |
| State: California M&A | 3 of 3 |
| Country: United States M&A | 26 of 27 |
| Year: 2023 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-10 |
Great River Hydro
Westborough, Massachusetts, United States Great River Hydro is a renewable energy infrastructure platform that represents the largest conventional hydroelectric portfolio in New England. The Company owns 13 hydroelectric generating stations with a total capacity of 589 megawatts along New England's Connecticut and Deerfield rivers, as well as a portfolio of co-located battery storage and solar development projects. Great River Hydro is based in Westborough, Massachusetts. |
Sell | $2.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-05 |
Gulf Oil
Wellesley Hills, Massachusetts, United States Gulf Oil is a diverse and growing refined products terminaling, storage, and logistics business and a leading distributor of motor fuels in the United States. Gulf Oil was established in 1901 and is based in Wellesley Hills, Massachusetts. |
Sell | - |
