M&A Deal Summary |
|
|---|---|
| Date | 2021-06-30 |
| Target | Consolidated Edison - Contracted Renewable Portfolio |
| Sector | Energy Services and Equipment |
| Buyer(s) | Lotus Infrastructure Partners |
| Sellers(s) | Consolidated Edison |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Focused |
Starwood Energy Group, an affiliate of Starwood Capital Group, is a private equity firm that targets investments in energy infrastructure assets. Starwood Energy looks to invest in hard assets with strong contracted cash-flow. This includes opportunistic acquisitions as well as development-stage commitments. The Group's target investment size is $50 to $200 million. Starwood Energy was formed in 2005 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 11 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Divestiture) | 4 of 4 |
| State (California) | 3 of 3 |
| Country (United States) | 10 of 10 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-29 |
Stem
San Francisco, California, United States Stem is a provider of commercial energy storage systems. Stem delivers innovative technology services that transform the way energy is distributed and consumed. Through its AI platform Athena, Stem powers the largest, most reliable network of energy storage systems in the world. Stem was founded in 2009 and is based in San Francisco, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-07 |
BerQ RNG
Oakville, Ontario, Canada BerQ RNG is a developer of RNG projects across North America with a portfolio of projects in development and execution, helping dairy farms, municipalities. BerQ RNG is based in Oakville, Ontario. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1823 |
| Sector | Utilities |
| Employees | 14,592 |
| Revenue | 14.7B USD (2023) |
Consolidated Edison is a provider of electricity, natural gas, and steam to customers in New York City and Westchester County. Con Edison of New York provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers. The company also provides steam service in parts of Manhattan. Consolidated Edison was incorporated in 1823 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Energy Services and Equipment) | 2 of 3 |
| Type (Divestiture) | 2 of 3 |
| State (California) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-01 |
Stagecoach
Owego, New York, United States Stagecoach consists of 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and 185 miles of natural gas pipelines. |
Sell | $1.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-01 |
Con Edison Clean Energy Businesses
New York, New York, United States Con Edison Clean Energy Businesses comprises clean energy transmission projects, building electrification, energy efficiency, electric vehicle infrastructure, battery storage and other technologies. |
Sell | $6.8B |
