ABL Advisor covered Manatt’s representation of Hull Street Energy in its acquisition of Maxim Power Assets. Alan Noskow, a partner in the firm’s corporate and finance practice, led the team that represented Hull Street Energy in the deal.
At the purchase price of $106 million, Hull Street Energy affiliate Milepost Power Holdings acquired Maxim Power (USA)'s five natural gas-fired electric generation facilities.
Hull Street Energy, a private equity firm that invests in power generation assets and related businesses, established Milepost as part of its strategy to build and grow a significant presence in the North American middle market power sector. As a result of this transaction, Milepost now owns 446 MW of flexible, dual fueled power generation assets in the Northeast, Mid-Atlantic and Western United States.
In addition to Noskow, the team included partner Brian Ashin and associates Suwani Karki and Agata Troy, with additional support from partners Jeff Davidson, Lisl Dunlop, Beth Fox, David Huard, Jeff Mannisto and Ellen Marshall; counsel Gil Ehrenkranz and Raymond Triana; and associate Adam Riedel.
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