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Announced

Completed

Hull Street Energy and Panamint Capital completed the acquisition of Mesquite Generation Holdings from Atlas Holdings.

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

Domestic

United States

power generation

Acquisition

Single Bidder

Private

Majority

Coal

Friendly

Private Equity

Synopsis

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Hull Street Energy, a company that invests in middle-market energy companies, and Panamint Capital, a company that develops, acquires, manages, and optimizes power generation and electric transmission assets that enhance customer resiliency and enable widespread decarbonization, completed the acquisition of Mesquite Generation Holdings, a 1.1 GW portfolio of thermal power assets in Texas, from Atlas Holdings, a private investment & equity firm. Financial terms were not disclosed. "We are thrilled to be acquiring these high-quality, winterized power plants with a track record of operational excellence. We look forward to working with the employees and other regional stakeholders to enhance the resiliency and reliability of power service for regional customers as the intermittent renewable fleet grows," Edward Quinn, Hull Street Energy Milepost Power CEO.

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