M&A Deal Summary

Hull Street Energy Acquires Waterbury Generation Facility

On June 10, 2021, private equity firm Hull Street Energy acquired renewable energy company Waterbury Generation Facility from ENGIE North America

Acquisition Highlights
  • This is Hull Street Energy’s 5th transaction in the Renewable Energy sector.
  • This is Hull Street Energy’s 8th transaction in the United States.
  • This is Hull Street Energy’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-06-10
Target Waterbury Generation Facility
Sector Renewable Energy
Buyer(s) Hull Street Energy
Sellers(s) ENGIE North America
Deal Type Divestiture

Target

Waterbury Generation Facility

Waterbury, Connecticut, United States
Waterbury Generation Facility is in Waterbury, Connecticut, and provides 96 megawatts of flexible, fast-start natural gas power generation capacity to the New England region.

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Buyer(S) 1

Buyer

Hull Street Energy

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
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 8 of 13
Sector (Renewable Energy) 5 of 5
Type (Divestiture) 7 of 8
State (Connecticut) 1 of 2
Country (United States) 8 of 13
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 Connecticut Municipal Electric Energy - AL Pierce Generation Facility

Wallingford, Connecticut, United States

The AL Pierce facility is in Wallingford, Connecticut, and provides 84 megawatts of flexible, fast start dual-fueled power generation capacity to the New England region.

Buy -

Seller(S) 1

SELLER

ENGIE North America

Houston, Texas, United States
Category Company
Founded 1981
Sector Energy Services and Equipment
DESCRIPTION

ENGIE North America, Inc. manages a range of energy businesses in the United States and Canada, including low- or carbon-free electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, retail energy sales, and services to help customers run their facilities more efficiently and optimize energy use and expense.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Conti

Sterling Heights, Michigan, United States

Conti Corp. is an electrical controls integrator specialized in providing turnkey solutions for conveyor, process, and tooling control systems. Conti Corp. was formed in 1969 and is based in Sterling Heights, Michigan.

Buy -
Mergr

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