Jun 05, 2013
Summit Midstream Partners, LP (NYSE: SMLP) today announced two separate acquisitions of unrelated natural gas gathering systems totaling $460 million in the Bakken and Marcellus shale plays. The transactions will be financed under SMLP’s recently upsized $600 million revolving credit facility and the issuance of $150 million of common units and general partner interests in SMLP to wholly-owned subsidiaries of Summit Midstream Partners, LLC (“Summit Investments”).
May 24, 2013
EnergySolutions, Inc. (NYSE - ES) and affiliates of Energy Capital Partners II, LLC (“Energy Capital Partners”) announced today the closing of their merger effective May 24, 2013.
Apr 17, 2013
PLH Group, Inc. (“PLH”), a portfolio company of private equity firm Energy Capital Partners, today announced its acquisition of Pipeworx Ltd. (“Pipeworx”), a leading pipeline contractor in Western Canada.
Mar 11, 2013
Dominion (NYSE: D) announced today that it has signed a purchase and sale agreement for three merchant generation power stations with a subsidiary of funds controlled by Energy Capital Partners, a private equity firm with offices in Short Hills, N.J., and San Diego, Calif. The sale is exptected to close in the second quarter of 2013.
Feb 21, 2013
Energy Capital today announced the final close of Energy Capital Partners Mezzanine Opportunities Fund, LP at $805 million in total commitments, which significantly exceeds the $500 million target. The Fund, which already has made two investments, was formed in response to the strong flow of attractive debt and preferred equity opportunities seen in the normal course of deal screening for the firm’s private equity vehicles.
Feb 19, 2013
Summit Midstream Partners, LLC (“Summit Investments”) announced today that it closed the previously announced acquisition of Bear Tracker Energy, LLC on February 15, 2013. Summit Investments owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP) as well as a 69.1% limited partner interest in SMLP.
Jan 16, 2013
Sungevity®, Inc., a recognized leader in the global residential solar market, today announced the completion of a series of venture capital and project financings, securing up to $125 million to support the company's growth initiatives.
Jan 09, 2013
Summit Midstream Partners, LLC (“Summit Investments”) announced today that it has executed a definitive agreement with affiliates of GSO Capital Partners LP and Bear Tracker Investments, LLC to acquire 100% of the equity interests of Bear Tracker Energy, LLC (“Bear Tracker”) for $513 million. Bear Tracker is a privately held midstream energy company with assets currently in service and under development in the Williston Basin in North Dakota, which includes the Bakken shale and Three Forks formation, and in the Denver-Julesburg (“DJ”) Basin in Colorado, which includes the Niobrara shale.
Jan 07, 2013
EnergySolutions, Inc. (NYSE - ES), a leader in nuclear commercial services, today announced that it has entered into a definitive acquisition agreement to be acquired by a subsidiary of Energy Capital Partners II, LLC (”Energy Capital” or “ECP") in a transaction with an enterprise value of $1.1 billion.
Jan 03, 2013
Power Line Holdings, Inc., a portfolio company of private equity firm Energy Capital Partners and sole owner of Power Line Services, Inc., announced today its name has been changed to PLH Group, Inc. (“PLH”) and the acquisition by PLH of three specialty pipeline construction and maintenance companies.
Dec 27, 2012
Calpine Corporation (NYSE:CPN) today completed the sale of the Broad River Energy Center to Broad River Power LLC, an affiliate of Energy Capital Partners LLC, for $427 million plus adjustments, or approximately $504 per kilowatt.
Nov 06, 2012
Today, we are announcing that we have entered into an agreement with Broad River Power, LLC, a wholly owned subsidiary of Energy Capital Partners, LLC, to sell our Broad River Energy Center, an 847 MW natural gas-fired, simple-cycle power plant in South Carolina, for $427 million plus adjustments, or approximately $504/kW.
Oct 23, 2012
Summit Midstream Partners, LLC (“Summit Investments”) announced today that it has closed the $207 million acquisition of ETC Canyon Pipeline, LLC (“Canyon”) from La Grange Acquisition, L.P., a wholly-owned subsidiary of Energy Transfer Partners, L.P.
Sep 27, 2012
Summit Midstream Partners, LP (the “Partnership”), a Delaware limited partnership, announced today the pricing of its initial public offering of 12,500,000 common units at $20.00 per unit.
Sep 20, 2012
Summit Midstream Partners, LP (the “Partnership”), a Delaware limited partnership, announced today that it has commenced an initial public offering of 12,500,000 common units representing limited partner interests in the Partnership pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”).
Sep 17, 2012
ADA Carbon Solutions, an industry leading provider of activated carbon specifically tailored for flue gas applications today announced a long term enterprise agreement with Covanta Energy Corporation (NYSE: CVA). Covanta is a leading global owner and operator of Energy-from-Waste (EfW) projects.
Sep 14, 2012
Summit Midstream Partners, LLC (“Summit”) announced today that it has entered into an agreement with La Grange Acquisition, L.P., a wholly owned subsidiary of Energy Transfer Partners, L.P., to acquire ETC Canyon Pipeline, LLC (“Canyon”) for $207 million.
Aug 15, 2012
Energy Capital Partners (“ECP” or “Energy Capital”) today announced the completion of a recapitalization of Chieftain Sand and Proppant, LLC (“Chieftain Sand”) on July 25, 2012. This is the first investment from Energy Capital’s Mezzanine Opportunities Fund.
May 08, 2012
Summit Midstream Partners, LLC (“Summit”), today announced that its wholly-owned subsidiary, Summit Midstream Holdings, LLC, has closed on a $265 million increase to, and amendment and restatement of, its revolving credit facility. This transaction raises total borrowing capacity to $550 million and provides additional financial flexibility during the remaining four-year term of the facility.
May 01, 2012
Cadeville Gas Storage LLC (“Cadeville”), a wholly‐owned subsidiary of Cardinal Gas Storage Partners LLC (“Cardinal”), announced today that on April 19, 2012 it closed the debt financing for the construction of a 17 MMDth depleted reservoir natural gas storage facility in Ouachita Parish, Louisiana near the Perryville/Delhi Hub in northeast Louisiana.
Mar 30, 2012
Power Line Services (“PLS”), a portfolio company of private equity firm Energy Capital Partners, announced today the acquisition of Snelson Companies, Inc. (“Snelson”) and IPS Engineering, LLC (“IPSE”) from GFI Energy Group and other shareholders. Snelson and IPSE will be added to the PLS family of businesses and will further diversify its energy infrastructure construction and maintenance services capabilities, extend its operating footprint west of the Rockies and add pipeline construction to its suite of businesses.
Oct 10, 2011
Summit Midstream Partners, LLC (“Summit”) announced today that it recently entered into a purchase and sale agreement with Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation (“Encana”) (TSX,NYSE: ECA), to acquire natural gas midstream assets located in the Piceance Basin for $590 million.
Aug 31, 2011
A subsidiary of Energy Capital Partners II, LP has completed the acquisition of 100% of the outstanding shares of CoaLogix, Inc. from Acorn Energy and EnerTech Capital Partners for a total consideration of $101 million.
Aug 18, 2011
Strategic Value Partners, LLC on behalf of certain clients (collectively, "SVP" or "Strategic Value Partners") announced today that it has entered into a definitive agreement to sell SVP's 100% equity interest in Liberty Electric Generation Holdings, LLC ("Liberty Electric" or the "Company") to an affiliate of Energy Capital Partners ("ECP"), a private equity firm focused on North American energy infrastructure.
Jul 18, 2011
PSEG Power LLC, a subsidiary of Public Service Enterprise Group Incorporated (NYSE:PEG), today announced that it has closed on the sale of its 1,000 MW Odessa gas fired generating plant to Odessa Power, LLC, a subsidiary of Energy Capital Partners II, LP for approximately $335 million. There is no debt attached to the asset.