Alvarez & Marsal Capital to acquire a majority stake in East Coast Power.

Alvarez & Marsal Capital, a middle-market private equity fund, agreed to acquire a majority stake in East Coast Power. Financial terms were not disclosed. "We believe ECP is well-positioned to be an acquisition platform in a fast-growing and highly fragmented industry. We are very much aligned with ECP's growth strategy and share Darren's vision for the future, which includes identifying complementary acquisition targets that fit with ECP's safety and reliability-driven culture, expanding the company's geographic footprint, and diversifying its customer base," Jack McCarthy, A&M Capital Managing Partner and Co-Founder.