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New Deal


Announced

Completed

Pacolet Milliken completed the acquisition of Piedmont Green Power from Atlantic Power.

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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United States

power plant

Alternative Fuels

Acquisition

Friendly

Domestic

Majority

Private

Completed

Single Bidder

Synopsis

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Pacolet Milliken, a sustainability-focused, family-owned investment firm, completed the acquisition of Piedmont Green Power, a 55 MW biomass-fired power plant, from Atlantic Power, a power generation and infrastructure company. Financial terms were not disclosed. "This transaction represents a major milestone in continuing the growth and diversification of Pacolet's Power & Infrastructure portfolio and meets both our financial and ESG goals. Piedmont will be an anchor, long-term asset and we look forward to working with our new employees, partners, and local regulatory authorities to continue Piedmont's success in the City of Barnesville and the State of Georgia. We believe that Piedmont is a market-leading biomass power plant in terms of safety, sustainability and operating efficiency, and we expect to maintain that reputation," William Crawford, Pacolet CEO.

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