Apex Clean Energy (“Apex”), a leading U.S. utility-scale developer/operator with a 30GW+ renewable energy pipeline, has sold a majority equity stake to funds managed by Ares Management Corporation’s Infrastructure and Power strategy along with other co-investors. The transaction is expected to close in Q4 2021 after obtaining customary regulatory approvals.
Transaction equity capital will allow Apex to continue to grow its core sector businesses while expanding into energy storage and ultimately transitioning into a pure-play renewables independent power producer (IPP).
CohnReznick Capital acted as financial advisor to Apex Clean Energy on the transaction.
“With great foresight and tenacity, Apex has built one of the preeminent renewable energy platforms in North America,” said Nick Knapp, Senior Managing Director at CohnReznick Capital. “We are honored to support them on this marquee transaction and eagerly anticipate the next exciting chapter of the Apex Clean Energy journey.”
For additional details on this transaction, please contact Nick Knapp.
For the full press release, please click here.