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Eagle Creek Renewable Energy completes acquisition of Lightstar Renewables to expand its community solar portfolio

Mar 19, 2024•over 1 year ago

Acquiring Company

Eagle Creek Renewable Energy

Acquired Company

Lightstar Renewables

BethesdaBostonSolarRenewable EnergyEnergySolarRenewable EnergyEnergy

Description

An affiliate of Eagle Creek Renewable Energy has successfully acquired Lightstar Renewables, a community solar developer and owner and operator of community solar farms in the United States. Under Eagle Creek’s ownership, Lightstar will transition its full development pipeline, including fully owned assets and projects under construction, to Eagle Creek. This acquisition will enable Lightstar to execute on its growth plans to become a premier community solar independent power producer in North America.

Company Information

Company

Eagle Creek Renewable Energy

Location

Bethesda, Maryland, United States

About

Eagle Creek Renewable Energy was founded in 2010 to acquire, enhance, and operate small hydroelectric power facilities. Eagle Creek’s affiliates currently own and operate 84 hydroelectric facilities representing 691 megawatts of capacity across the United States. Eagle Creek also has minority ownership interests equivalent to approximately 12 megawatts in 14 other hydroelectric facilities and a solar facility in New England. Eagle Creek is a wholly owned subsidiary of Ontario Power Generation, one of the largest, most diverse power generators in North America.

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