M&A Deal Summary

LS Power Development Acquires Endurant Energy

On May 6, 2021, LS Power Development acquired energy services and equipment company Endurant Energy

Acquisition Highlights
  • This is LS Power Development’s 2nd transaction in the Energy Services and Equipment sector.
  • This is LS Power Development’s 8th transaction in the United States.
  • This is LS Power Development’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2021-05-06
Target Endurant Energy
Sector Energy Services and Equipment
Buyer(s) LS Power Development
Deal Type Add-on Acquisition

Target

Endurant Energy

Chicago, Illinois, United States
Endurant is a full-service provider of cost-effective, resilient and sustainable energy solutions. It serves a wide range of sectors including education, commercial, industrial, real estate, healthcare, hospitality, and public utilities. The Endurant brand reflects the company’s suite of innovative full-service clean energy solutions, including microgrids, battery energy storage systems, and integrated eco-districts. The company’s impressive portfolio of projects ranges from single-technology energy retrofits of historic landmarks to large-scale microgrids integrated with resource management and smart-city infrastructure. Endurant is headquartered in Chicago, with offices in New York City as well as Anaheim and West Hollywood, California.

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Buyer(S) 1

Buyer

LS Power Development

New York,, New York, United States
Category Company
Founded 1990
Sector Renewable Energy
DESCRIPTION

LS Power is an employee-owned, independent power company.We are a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States.We have developed, constructed, managed or acquired more than 32,000 MW of competitive power generation and 470 miles of transmission infrastructure.

DEAL STATS #
Overall 8 of 11
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 4 of 6
State (Illinois) 2 of 2
Country (United States) 8 of 10
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 LS Power Development - Three Solar Photovoltaic Projects

New York, New York, United States

LS Power Development's Three Solar Photovoltaic Projects comprises 316 MW of operating solar resources located in California, Arizona, and Delaware. Each project utilizes commercially proven and efficient technology and is fully contracted under long-term power purchase agreements. The portfolio includes 100% interest in Centinela Solar Energy, 252 MW located in Imperial County, CA, and 30% interest in Arlington Valley Solar Energy II, 53 MW1, and 100% Interest in Dover Sun Park, 11 MW located in Dover, DE.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Natural Gas Power Plant

New York, New York, United States

Natural Gas Power Plant owns and operates 835-megawatt facility consists of five simple cycle "peaking" units located in the PJM Interconnection. Natural Gas Power Plant is based in New York.

Buy -
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