ArcLight Capital Partners to acquire Griffith Energy from Oaktree-backed Star West Generation.

ArcLight Capital Partners, a private equity firm that focuses on energy infrastructure investments, to acquire Griffith Energy, a provider o heating and cooling equipment, from Oaktree-backed Star West Generation, an independent power producer. Financial terms were not disclosed. The transaction is expected to close in the second quarter of 2020, subject to customary regulatory approvals and closing conditions. "Griffith represents an attractive opportunity to own one of the premier gas-fired power assets serving the Desert Southwest, a market we know well from prior investments. We look forward to continuing Griffith's strong operational and commercial performance," Dan Revers, ArcLight Managing Partner and Founder.