M&A Deal Summary

LS Power Development Acquires Natural Gas Power Plant

On June 23, 2022, LS Power Development acquired renewable energy company Natural Gas Power Plant from ArcLight Capital Partners

Acquisition Highlights
  • This is LS Power Development’s 4th transaction in the Renewable Energy sector.
  • This is LS Power Development’s 9th transaction in the United States.
  • This is LS Power Development’s 1st transaction in New York.

M&A Deal Summary

Date 2022-06-23
Target Natural Gas Power Plant
Sector Renewable Energy
Buyer(s) LS Power Development
Sellers(s) ArcLight Capital Partners
Deal Type Add-on Acquisition

Target

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.

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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 9 of 11
Sector (Renewable Energy) 4 of 4
Type (Add-on Acquisition) 5 of 6
State (New York) 1 of 1
Country (United States) 9 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Hunterstown Power

Gettysburg, Pennsylvania, United States

Hunterstown Power is a combined-cycle gas turbine generating power plant that provides 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 648,000 homes. Hunterstown Power is based in Gettysburg, Pennsylvania.

Buy -

Seller(S) 1

SELLER

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2001
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

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 26 of 28
Sector (Renewable Energy) 4 of 5
Type (Add-on Acquisition) 8 of 9
State (New York) 2 of 2
Country (United States) 24 of 26
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 LOGOS Resources II

Farmington, New Mexico, United States

LOGOS Resources II is a developer of oil and natural gas production assets in the San Juan Basin. LOGOS Resources II is based in Farmington, New Mexico.

Sell $402M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Elevate Renewables

Boston, Massachusetts, United States

Elevate Renewables is a national developer focused on the development of utility scale battery storage resources co-located with existing power infrastructure. Elevate is devoted to supporting the nationwide increase in renewable penetration while also directly reducing the environmental footprint of the power sector through the deployment of carbon-neutral resources. Elevate Renewables is based in Boston, Massachusetts.

Buy -