Alvarez & Marsal Capital Partners Invests in East Coast Power to Build National Utility Services Provider
- Editor
- Jan 23
- 2 min read
What's Happening: Alvarez & Marsal Capital Partners Fund III (AMCP III) has signed a definitive agreement to acquire a majority stake in East Coast Power (ECP), an electric utility services provider. The partnership aims to expand ECP's platform nationally through organic growth and strategic acquisitions.
The Key Moves:
AMCP III will acquire a majority stake in East Coast Power, a fast-growing electric utility services provider in the northeast U.S.
ECP founder Darren Donohue will remain a large shareholder and operating executive, working with AMCP III to expand the business nationally.
The deal is expected to close within 30 days, subject to certain approvals.
By The Numbers :
East Coast Power was founded in 2023 and is headquartered in Albany, NY.
Alvarez & Marsal Capital has $6 billion in total commitments across four investment strategies.
AMCP III is a North American-focused middle-market private equity fund with over $4.0 billion in total commitments.
Key Quotes:
"It is an honor to partner with AMCP III on this exciting next chapter at ECP," said Darren Donohue, founder of East Coast Power.
"ECP is a founder-led platform that has a strong infrastructure, strong culture, and a clear direction forward," said Ryan McCarthy, a Partner with AMCP.
"We believe ECP is well-positioned to be an acquisition platform in a fast-growing and highly fragmented industry," added Jack McCarthy, Managing Partner and Co-Founder of A&M Capital.
The Bottom Line: The strategic partnership between Alvarez & Marsal Capital Partners and East Coast Power aims to create a leading national electric utility services provider. By leveraging AMCP III's resources and ECP's existing platform, the companies plan to expand geographically, diversify services, and pursue strategic acquisitions in a fragmented industry with growing demand for reliable power infrastructure maintenance and upgrades.
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