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Announced

LS Power to acquire a portfolio of 42 run-of-river hydro facilities from Hull Street Energy.

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

Infrastructure

Alternative Electricity

Private

Pending

Domestic

power generation

Single Bidder

Acquisition

Majority

United States

hydroelectric electricity generation

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Synopsis

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LS Power, a development, investment and operating company focused on the North American power and energy infrastructure sector, agreed to acquire a portfolio of 42 run-of-river hydro facilities from Hull Street Energy, a capital market company. Financial terms were not disclosed. "With the addition of this large, geographically diverse, run-of-river hydroelectric portfolio, combined with our existing energy transition platforms, LS Power continues to lead the effort to develop a cleaner, more reliable, and more affordable energy ecosystem," Paul Segal, LS Power CEO.

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