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New Deal


Announced

Completed

Energy Capital Partners completed the acquisition of Convergent Energy and Power.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Completed

United States

Electrical Components

Private Equity

energy storage systems

Majority

Single Bidder

Private

Acquisition

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Synopsis

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Energy Capital Partners, a private equity and credit investment firm, completed the acquisition of Convergent Energy and Power, an independent developer of energy storage solutions in North America. Financial terms were not disclosed. "A flexible and scalable capital structure is crucial as Convergent continues to grow its pipeline in the rapidly evolving energy storage sector. ECP is the perfect partner for us to meet these capital requirements demanded by the market," Frank Genova III, Convergent Chief Operating and Financial Officer.

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