Announced
Completed
Financials
Tags
Completed
Domestic
United States
power generation
Acquisition
Single Bidder
Private
Majority
Coal
Friendly
Private Equity
Synopsis
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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