Calgary/Bethesda, MD (pcJ News Briefs) – Hull Street Energy, LLC has completed the acquisition of Maxim Power (USA), Inc. from Maxim Power Corp. (TSX: MXG) for an implied enterprise value of approximately US $106 million inclusive of working capital.
Maxim Power (USA) owns and operates five natural gas-fired electric generation facilities in the United States. These facilities have an aggregate generating capacity of 446 megawatts.
Credit Suisse acted as financial advisor to the board of directors of Maxim in connection with the sale.
Bethesda, Maryland based Hull Street Energy is a private equity firm was formed in 2014 to invest in middle market power companies that are strategically positioned for growth as North American fuel supply, generation, transmission, and behind-the-meter assets, transition to support a more sustainable future.
photo credit: Hull Street Energy