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New Deal


Announced

Completed

Blackstone completed the acquisition of NRStor.

Financials

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

Tags

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Private Equity

Completed

Alternative Electricity

Canada

grid operators

Private

energy storage project

Acquisition

Majority

energy storage systems

Friendly

Single Bidder

Cross Border

Synopsis

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Blackstone Energy Partners completed the acquisition of NRStor, a Toronto-based developer of battery storage solutions from LiUNA Pension Fund, a provider of retirement income benefits. Financial terms were not disclosed. "Battery storage will play an important role in the North American power grid and be critical to achieving ambitious renewable targets. NRStor is a pioneer in energy storage and we look forward to helping the leadership team further build out the company’s platform to reach new markets and opportunities,” Bilal Khan, Blackstone Energy Partners Senior Managing Director.

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