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Announced

Completed

Rockland Capital completed the acquisition of two peaking plants from JDH Capital.

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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Completed

energy and ancillary

Domestic

Single Bidder

Majority

Friendly

United States

Multi-Utilities

Private

Acquisition

Private Equity

Synopsis

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Rockland Capital, a private equity company, completed the acquisition of two peaking plants from JDH Capital, a private investment firm. Financial terms were not disclosed. “Due to the quick start characteristics of the units, Chamon and Port Comfort are well suited for the ERCOT market, which continues to add renewable generation and requires dispatchable resources to support reliability. The assets also complement Rockland’s existing ERCOT portfolio, allowing us to realize operating efficiencies across our growing ERCOT peaker fleet” Scott Harlan, Rockland Capital Co-Managing Partner.

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