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New Deal


Announced

LS Power to acquire the Hunterstown power generation facility from Platinum Equity.

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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gas turbines

gas power plants

Alternative Electricity

Acquisition

Domestic

Majority

Private

United States

Private Equity

Pending

Friendly

Single Bidder

Synopsis

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LS Power, an investment, development and operating company focused on power generation, electric transmission and energy infrastructure, agreed to acquire the Hunterstown power generation facility, a combined-cycle gas turbine generating power plant, from Platinum Equity, a global investment firm. Financial terms were not disclosed. "Hunterstown is an outstanding asset that has benefited from meaningful investment under our watch and has performed well operationally during our ownership. It serves PJM, the largest electricity market in the United States, and has generated strong recurring revenue," Louis Samson, Platinum Equity Co-President.

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