Latham & Watkins Advises Energy Capital Partners in Acquisition of Majority Interest in PROENERGY

Firm advised the equity and credit investor across energy transition, electrification, and decarbonization infrastructure assets in the transaction.

Energy Capital Partners (ECP), a leading investor across energy transition, electrification, and decarbonization infrastructure assets, announced that it has acquired a majority interest in PROENERGY Holdings (PROENERGY), a vertically integrated aeroderivative gas turbine platform with a 2.4 GW fleet of contracted peakers in Texas, from affiliates of Eos Partners and ACON Investments. In addition to its 2.4 GW portfolio of operating power plants, PROENERGY provides repair and maintenance services for the global GE LM6000 and LM2500 turbine fleet (over 3,000 installed units), and operates as an original equipment manufacturer and turnkey engineering, procurement and construction business delivering firm gas power generation solutions to utility customers. Together with ECP, PROENERGY will expand its platform and pipeline, pursue accretive growth opportunities and build on its established reputation for best-in-class performance, industry-leading turnaround times, and lower customer costs.