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New Deal


Announced

Gore Street to acquire eight storage assets of SER Capital Partners-backed PPST.

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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Acquisition

Private Equity

Storage Terminals

Private

Single Bidder

energy storage

United States

Pending

Majority

Friendly

Cross Border

Synopsis

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Gore Street to acquire eight storage assets of SER Capital Partners-backed Perfect Power Solutions Texas, a utility services provider. Financial terms were not disclosed. "We are pleased to be able to announce a further landmark international acquisition shortly after our entry into the energy storage market in continental Europe, highlighting the manager's ability to acquire value accretive assets across the globe. The acquisition further underpins our push into international markets, where they exhibit the same favourable characteristics as in GB and Ireland, meeting our returns criteria," Alex O'Cinneide, Gore Street Capital CEO.

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