Jun 02, 2021
ECP, an investor with a decades-long reputation in the renewable and sustainable solutions sector, today announced that it has acquired Pivot Energy ("Pivot" or the "Company"), a national commercial and community solar developer. Following receipt of all necessary approvals and satisfaction of closing conditions, the transaction closed on June 1, 2021. Financial details of the transaction were not disclosed.
May 20, 2021
ECP today announced that it has established a strategic partnership with Hana Financial Investment, a subsidiary of Hana Financial Group, Korea's fourth-largest banking group by assets, to deploy up to $300 million in debt investments across various infrastructure opportunities in North America, Europe and other OECD countries. The objective is to seek attractive risk-adjusted returns and strong downside protection through credit investments across ECP's key areas of infrastructure expertise, including power generation, renewables, energy storage, environmental infrastructure, and efficiency and reliability assets. The mandate contemplates investments across various debt structures including senior, subordinated, and unitranche opportunities.
Apr 01, 2021
NEW YORK and SUMMIT, N.J. – Global investment firm The Carlyle Group (NASDAQ: CG) announced
today that it has agreed to sell Liberty Tire Recycling (“Liberty” or the “Company”) to ECP, an investor with
a decades‐long reputation in the environmental and sustainable solutions sector. The transaction is
subject to customary closing conditions and is expected to close in the second quarter of 2021.
Apr 01, 2021
ECP today announced the successful completion of its first Continuation Fund with $1.2 billion in capital commitments, and the closing of the fund’s subsequent acquisition of the remaining 50% interest held by ECP’s third fund, ECP III, in Terra-Gen (the “Company”), a leading renewable energy developer and operator. ECP previously sold a 50% stake in the Company to First Sentier Investors. The transaction will provide additional capital to support Terra-Gen’s next phase of growth, while allowing ECP III to fully exit its original investment in the Company.
Apr 01, 2021
Nesco Holdings, Inc. (NYSE: NSCO) ("Nesco"), which has been renamed as Custom Truck One Source, Inc. (the "Company") effective today, in partnership with an affiliate of Platinum Equity, LLC ("Platinum"), today announced the closing of the previously announced transaction to acquire Custom Truck One Source, L.P. ("CTOS") for a purchase price of $1.475 billion. Nesco and CTOS are leading providers of specialized truck and heavy equipment solutions, including rental, sales and aftermarket parts and service.
Feb 17, 2021
Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), one of the leading U.S. residential solar and storage service providers, and Len X, LLC (“LENX”), a technology focused subsidiary of Lennar Corporation (“Lennar”) (NYSE: LEN and LEN.B), one of the nation’s leading homebuilders, announced today they have entered into a definitive agreement under which Sunnova will acquire Lennar’s residential solar platform (“SunStreet”). In addition to Sunnova’s acquisition of SunStreet, Sunnova will become Lennar’s exclusive residential solar and storage service provider for new home communities with solar across the country.
Aug 27, 2020
First State Investments (FSI), a leading global investor in infrastructure, and Energy Capital Partners (ECP), a leading power and renewables private equity investor, today announced that FSI is acquiring a 40% stake in Terra-Gen from ECP. Terms were not disclosed.
Feb 24, 2020
CenterPoint Energy, Inc. (NYSE: CNP) today announced it has entered into an agreement to sell its natural gas retail business, CenterPoint Energy Services, Inc. (CES) to Energy Capital Partners, LLC, (ECP), a private equity and credit investor specializing in energy infrastructure projects, for total consideration of approximately $400 million, including estimated working capital at close, subject to the satisfaction of customary terms and conditions.
Jan 21, 2020
Energy Capital Partners (ECP) today announced the closing of its flagship ECP Fund IV ("Fund IV" or the "Fund"), with capital commitments of $3.3 billion. ECP also raised an additional $3.5 billion for co-investment opportunities over the last two and a half years, the majority of which was for its landmark $17 billion take-private acquisition of Calpine Corporation. Fund IV will continue ECP's strategy of investing in infrastructure within the core sectors of natural gas power generation, renewables and storage solutions, midstream, and environmental infrastructure, while avoiding the upstream and E&P sectors.
Dec 03, 2019
USD Partners LP (NYSE:USDP) (the “Partnership”) announced today that it has executed long-term, multi-year renewals for the remaining capacity at its Hardisty Terminal with ConocoPhillips Canada. Including these recent renewals, the Partnership has executed multi-year extensions for 100% of the capacity at its Hardisty Terminal. Also, in association with its Sponsor’s recently announced Joint Venture with Gibson Energy Inc. to construct a diluent recovery unit (the “DRU”) adjacent to the Hardisty Terminal, a material amount of the Hardisty Terminal’s current capacity will be extended beyond 2030, pending the successful construction and completion of the DRU.
Sep 30, 2019
Canadian Utilities Limited (CU), an ATCO company, has completed the previously announced sale of its Canadian fossil fuel-based electricity generation portfolio in a series of three transactions.
Jul 10, 2019
Private equity firm Energy Capital Partners has bought its way into the energy storage development business with Convergent Energy + Power, the companies announced Wednesday. New York-based Convergent develops, owns and operates large-scale storage for industrial customers and utilities. It distinguished itself as a rare startup that chose to self-fund its projects, raising $70 million to do so. Convergent also took the title for largest commercial and industrial storage project, with a 10-megawatt/20-megawatt-hour system in Ontario, Canada.
May 27, 2019
Canadian Utilities Limited (CU), an ATCO company, announced today that it has entered into definitive agreements to sell its entire Canadian fossil fuel-based electricity generation portfolio for aggregate proceeds of approximately $835 million, subject to customary closing adjustments. The sale concludes a strategic evaluation announced September 13, 2018.
Mar 11, 2019
We are pleased to announce that Energy Capital Partners’ $17 billion take-private of one of the largest natural gas generators in the U.S. (with 80 natural gas and geothermal power plants representing 26 GW in total capacity) was named Private Equity International Infrastructure Investor’s North American Deal of the Year, edging out CPPIB’s C$1.75 billion joint venture with Enbridge Inc. and Transurban’s acquisition of a toll road in Montreal, Canada.
Oct 17, 2018
Energy Capital Partners (“ECP”) and Investec Bank plc (“Investec”) have successfully closed the debt financing of ECP’s 1.2 GW Combined Cycle Gas Turbine (“CCGT”) facility located at the Saltend Chemicals Park near Hull, UK.
Oct 01, 2018
Energy Capital Partners ("ECP") has entered into a definitive agreement to sell Wheelabrator Technologies Inc. ("Wheelabrator", or "the Company"), a leading owner and operator of waste-to-energy ("WtE") facilities, to Macquarie Infrastructure Partners ("MIP"), which operates within the Macquarie Infrastructure and Real Assets ("MIRA") division of Macquarie Group.
Sep 12, 2018
Energy Capital Partners ("ECP" or "the Firm") today announced that Trent Kososki and Matt DeNichilo, longstanding members of the Firm who lead its credit investing effort, have been promoted to Partners of the Firm.
May 01, 2018
Energy Capital Partners, (“ECP” or “the firm”) a leading private equity and credit investment firm focused on North America’s energy infrastructure, announced today that Kevin Clayton has joined the firm as Partner and leader of its Investor Relations team.
Apr 09, 2018
Vistra Energy Corp. (NYSE: VST), the parent company for TXU Energy and Luminant, today announced it has completed its previously announced merger with Dynegy Inc. (NYSE: DYN). The closing of the transaction follows the overwhelming approval from stockholders of both Vistra Energy Corp. and Dynegy Inc. in March, and the receipt of all required regulatory approvals.
Mar 19, 2018
CIG Logistics announced today that it has reached agreement with U.S. Silica Holdings, Inc. (NYSE: SLCA) for the acquisition of three large, strategically-located transload terminals owned by U.S. Silica in the Permian Basin and Eagle Ford and Marcellus shale plays.
Mar 08, 2018
Calpine Corporation (NYSE: CPN) today announced the completion of the acquisition of Calpine by an affiliate of Energy Capital Partners and a consortium of other investors, including Access Industries Inc. and Canada Pension Plan Investment Board (CPPIB).
Mar 02, 2018
Sendero Midstream Partners, LP ("Sendero") announced today that during the fourth quarter of 2017 it placed into service a new state-of-the-art cryogenic natural gas processing plant capable of processing over 130 million cubic feet of gas per day along with the initial phases of its natural gas gathering pipeline system, gas compression and dehydration facilities in Eddy County, New Mexico.
Feb 16, 2018
CIG Logistics announced today that it has acquired the SANDSTORM product suite from Propell Oilfield Equipment, a TYCROP company.
Jan 30, 2018
Gopher Resource LLC, of Eagan announced today that it has agreed to be acquired by Energy Capital Partners (ECP), a private equity firm based in New Jersey. The two parties expect to close the transaction on or around March 6, 2018.
Nov 02, 2017
Triton Power, a newly-formed entity wholly owned by Energy Capital Partners III (“ECP III”), has agreed to acquire a 1.8 GW portfolio of primarily gas-fired power plants located in the UK (the “Triton Portfolio”) from IPM Holdings (UK) Limited, an entity owned by ENGIE SA (75%) and Mitsui & Co (25%).