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Glenfarne Announces Acquisition Of Termonorte Power Plant In Colombia

Sep 07, 2022•over 3 years ago

Acquiring Company

Glenfarne Asset Company

Acquired Company

Termonorte Power Plant

New YorkRenewable EnergyEnergy

Description

Glenfarne Asset Company, LLC (“Glenfarne”), a developer, owner, and operator of energy and infrastructure assets across the Americas, announced today it has acquired Termonorte Colombia S.A.S. (the “Plant” or “Termonorte”), a power plant located near the port of Santa Marta in Colombia. The acquisition reinforces Glenfarne’s commitment to providing grid stability to Colombia and the entire Latin American region.

Company Information

Company

Glenfarne Asset Company

Location

Madison Avenue

New York, New York, United States

About

Glenfarne Asset Company, LLC is a subsidiary of Glenfarne Group, LLC, a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Rio de Jainero, Brazil; Seoul, South Korea; and Ho Chi Minh City, Vietnam. Glenfarne’s seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America and Asia. For more information, please visit www.GlenfarneGroup.com.

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M&A Insights

Based on deal data
Integration 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