Announced
Completed
Financials
Tags
United States
electric vehicle charging
Auto Services
Completed
Majority
Acquisition
Single Bidder
Private
Domestic
Private Equity
Friendly
Synopsis
LS Power, a US power and energy infrastructure owner, completed the acquisition of EVgo, the nation’s largest and most reliable public fast-charging network for electric vehicles. Financial terms were not disclosed. "EVgo is a well-established leader in EV charging, with an exceptional team dedicated to building, owning and operating the most extensive public fast charging network in the United States. This acquisition provides LS Power the opportunity to support the continued expansion of EVgo's unmatched charging infrastructure platform, already present in 66 metropolitan markets, and invest further in the company's growth as the market for EVs continues to expand," David Nanus, LS Power Co-Head of Private Equity.
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