Hull Street Energy buys FirstLight USA from PSP Investments
The transaction centers on a U.S. electricity-generation fleet anchored by hydroelectric assets and previously owned by PSP Investments.
Takeaways
- FirstLight USA is a U.S. generation fleet with hydroelectric assets.
- Hull Street Energy is acquiring FirstLight USA.
- The target serves electricity generation across United States.
Hull Street Energy acquired FirstLight USA, a U.S. generation fleet with hydroelectric assets.
The business operates in the United States power market and is being purchased from PSP Investments.
FirstLight USA consists of generation assets used in electricity production, with hydroelectric facilities identified as the core part of the fleet.
The materials did not provide revenue, EBITDA, employee count or the number of assets included in the transaction.
Hull Street Energy is a U.S. investment firm focused on the power sector.
The acquisition gives the firm a hydro-centered generation platform within its core market and adds owned operating assets rather than a services or equipment business.
PSP Investments is the seller of FirstLight USA.
Financing, valuation, advisors and closing conditions were not included in the deal materials.
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