Investment Summary

Ridgewood Capital Exits Neptune Regional Transmission System

On March 14, 2018, invested in utilities company Neptune Regional Transmission System from Ridgewood Capital

Investment Highlights
  • This is transaction in the Utilities sector.
  • This is transaction in the United States.
  • This is transaction in Connecticut.

Investment Summary

Date 2018-03-14
Target Neptune Regional Transmission System
Sector Utilities
Sellers(s) Ridgewood Capital
Deal Type Unknown

Target

Neptune Regional Transmission System

Fairfield, Connecticut, United States
Neptune Regional Transmission System is a power transmission cable that connects New Jersey and Long Island. Neptune provides up to 660 MW of power to Long Island electricity consumers – enough for 600,000 homes — and supplies more than 20 percent of Long Island’s typical electricity demand. Neptune Regional Transmission System is based in Fairfield, Connecticut.

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Seller(S) 1

SELLER

Ridgewood Capital

Montvale, New Jersey, United States

Investor Investor Investor Investor


Category Asset Manager
Founded 1982
Size Small
Type Sector Focused
DESCRIPTION

Ridgewood Capital is a private equity firm focused on investments in high-growth energy technology companies. Ridgewood looks for opportunities 'that are poised to meet the challenges brought on by the imbalance between the demand and supply of fossil fuels and the need of businesses and governments to become more energy efficient in order to meet requirements to reduce harmful emissions'. Ridgewood Capital is part of the The Ridgewood Companies, an investment group that also invests in oil/gas opportunities and renewable energy.


DEAL STATS #
Overall 11 of 11
Sector: Utilities M&A 2 of 2
Type: M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 11 of 11
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 Neptune Regional Transmission System

Fairfield, Connecticut, United States

Neptune Regional Transmission System is a power transmission cable that connects New Jersey and Long Island. Neptune provides up to 660 MW of power to Long Island electricity consumers – enough for 600,000 homes — and supplies more than 20 percent of Long Island’s typical electricity demand. Neptune Regional Transmission System is based in Fairfield, Connecticut.

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