Arclight Closes Acquisition Of 4.8 Gw Power Generation Portfolio From Pseg
Feb 18, 2022•almost 4 years ago
Acquiring Company
ArcLight
Acquired Company
4.8 GW Power Generation Portfolio
SustainabilitySoftware
Description
On February 18th, Parkway Generation, LLC, a wholly owned subsidiary of ArcLight Energy Partners Fund VII, L.P., closed the previously announced acquisition of a 4.8 GW power generating portfolio from Public Service Enterprise Group ("PSEG") for $1.37 billion.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed