Energy Transition And Environmental Management Llc Completes Fossil Fuel Portfolio Acquisition From Energy Harbor Corp.
Sep 11, 2023•over 2 years ago
Acquiring Company
Energy Transition
Acquired Company
Fossil Fuel Portfolio
Description
Energy Transition and Environmental Management LLC (ETEM), an affiliate of Hull Street Energy, LLC, has completed a series of transactions with subsidiaries of Energy Harbor Corp. (collectively, Energy Harbor) designed to facilitate Energy Harbor's divestiture of fossil-fueled electric generating assets and associated liabilities.
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