Announced
Financials
Tags
gas turbines
gas power plants
Alternative Electricity
Acquisition
Domestic
Majority
Private
United States
Private Equity
Pending
Friendly
Single Bidder
Synopsis
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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