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Hull Street Energy Acquires Natural Gas-Fired Plant From The Connecticut Municipal Electric Energy Cooperative

Jan 04, 2022•almost 4 years ago

Acquiring Company

Hull Street Energy

Acquired Company

PLANT

Natural ResourcesEnergySustainability

Description

Hull Street Energy announced today that it has acquired the AL Pierce Generation facility from the Connecticut Municipal Electric Energy Cooperative. Since its repowering in 2007, the Wallingford, Connecticut facility has been providing 84 megawatts of flexible, fast start dual-fueled power generation capacity to regional customers.

Company Information

Company

Hull Street Energy

About

Hull Street Energy is a private equity firm that specializes in deploying capital into the power sector as it decarbonizes. Headquartered in Bethesda, Maryland, the team leverages its decades of experience and unique knowledge of North American electricity infrastructure, fundamentals and grid operations, including fuel inputs, commodity contract structuring, renewable and fossil powered generation assets, energy storage, transmission and distribution systems, and electricity demand-side businesses to build value for stakeholders. For further information about Hull Street Energy please see www.hullstreetenergy.com.

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