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 | 12 of 13 |
| Sector (Energy Services and Equipment) | 4 of 4 |
| Type (Secondary Buyout) | 2 of 2 |
| State (California) | 2 of 3 |
| Country (United States) | 12 of 13 |
| Year (2023) | 1 of 2 |
| 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 |
|---|---|---|---|
| 2023-10-24 |
Upstream Tech
Alameda, California, United States Upstream Tech is a US-based corporation that builds software for making planetary decisions. HydroForecast is a next-generation global water forecast offering short-term and seasonal forecasts and long-term climatological outlooks. Lens is a remote monitoring and reporting platform that expands access to a vast library of geospatial data and remote imagery. Upstream Tech was founded in 2016 and is based in Alameda, California. |
Buy | - |
| Category | Infrastructure |
|---|---|
| Founded | 2001 |
| PE ASSETS | 25.0B 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 28 |
| Sector (Energy Services and Equipment) | 7 of 7 |
| Type (Secondary Buyout) | 9 of 9 |
| State (California) | 3 of 3 |
| Country (United States) | 26 of 26 |
| Year (2023) | 2 of 2 |
| 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 |
