M&A Deal Summary

Hull Street Energy Acquires TruGrid

On August 28, 2024, private equity firm Hull Street Energy acquired utilities company TruGrid

Acquisition Highlights
  • This is Hull Street Energy’s 4th transaction in the Utilities sector.
  • This is Hull Street Energy’s 16th transaction in the United States.
  • This is Hull Street Energy’s 2nd transaction in Texas.

M&A Deal Summary

Date 2024-08-28
Target TruGrid
Sector Utilities
Buyer(s) Hull Street Energy
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 16 of 17
Sector: Utilities M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 16 of 17
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-05 Elwood Energy s Illinois Power Assets

Joliet, Illinois, United States

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

Buy -