Acquiring Company
Harbert Management Corporation
Acquired Company
Pacific Current
Description
Hawaiian Electric Industries, Inc. has sold the Hamakua Energy Plant to Harbert Management Corporation. This sale is part of HEI's strategic review for its subsidiary, Pacific Current. Harbert aims to enhance its involvement in Hawaii’s energy future. The transaction is not expected to materially impact HEI's financials.
Quick answer
Harbert Management Corporation is acquiring Pacific Current, announced March 10, 2025. Harbert Management Corporation is based in Birmingham, Alabama, United States.
- How much did Harbert Management Corporation pay for Pacific Current?
- The deal value was not disclosed.
- What does Harbert Management Corporation do?
- HUSREF VII is an investment vehicle of Harbert Management Corporation (“HMC”), which closed on April 28, 2021.
- Where are Harbert Management Corporation and Pacific Current based?
- Harbert Management Corporation is based in Birmingham, Alabama, United States. Pacific Current is based in Honolulu, Hawaii, United States.
- Who are the decision-makers at Harbert Management Corporation?
- Fundz holds 1 contact at Harbert Management Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Pacific Current?
Pacific Current was acquired by Harbert Management Corporation, based in Birmingham. The deal was reported on March 10, 2025. HUSREF VII is an investment vehicle of Harbert Management Corporation (“HMC”), which closed on April 28, 2021. Harbert Management Corporation is privately held and operates in Financial Services.
When did Harbert Management Corporation acquire Pacific Current?
Harbert Management Corporation's acquisition of Pacific Current was reported on March 10, 2025. Hawaiian Electric Industries, Inc. has sold the Hamakua Energy Plant to Harbert Management Corporation. This sale is part of HEI's strategic review for its subsidiary, Pacific Current. Harbert aims to enhance its involvement in Hawaii’s energy future. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Pacific Current do?
Pacific Current, LLC is a subsidiary of Hawaiian Electric Industries, Inc., focusing on advancing Hawaii's sustainability goals through non-regulated energy services. It is privately held, operating in Manufacturing, and is based in Honolulu.
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