M&A Deal Summary

Riverstone Holdings Acquires Emerald Clean Power

On October 1, 2009, private equity firm Riverstone Holdings acquired renewable energy company Emerald Clean Power

Acquisition Highlights
  • This is Riverstone Holdings’ 11th transaction in the Renewable Energy sector.
  • This is Riverstone Holdings’ 46th transaction in the United States.
  • This is Riverstone Holdings’ 2nd transaction in North Carolina.

M&A Deal Summary
Date 2009-10-01
Target Emerald Clean Power
Sector Renewable Energy
Buyer(s) Riverstone Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Emerald Clean Power

Elizabethtown, North Carolina, United States
Emerald focuses on renewable generation projects, with a special emphasis on converting coal- to biomass-fired facilities. Currently, Emerald’s portfolio consists of two 35 megawatt coal-fired power generation facilities located near Elizabethtown and Lumberton, North Carolina.

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Buyer(S) 1

Buyer

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.

DEAL STATS #
Overall 58 of 106
Sector (Renewable Energy) 11 of 15
Type (Buyout (LBO, MBO, MBI)) 30 of 52
State (North Carolina) 2 of 2
Country (United States) 46 of 78
Year (2009) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-06 TAS Energy

Houston, Texas, United States

TAS Energy, Inc. is a manufacturer of packaged cooling and energy systems for multiple end-markets, including Power Generation, Commercial & Industrial Cooling, Advanced Heat Recovery (including Geothermal), and Data Centers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-19 Stallion Oilfield Services

Houston, Texas, United States

Stallion Oilfield Services provides drill site products and services including accommodation units, surface equipment, and solids control services for oil and natural gas exploration companies in the Gulf Coast, South Texas, ArkLaTex, Fort Worth Basin, Permian Basin, and Rocky Mountain regions. Stallion Oilfield Services was founded in 2002 and is based in Houston, Texas.

Sell -
Mergr

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