Broad Reach Power LLC
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Broad Reach Power LLC - overview
Established
2019
Location
Houston, TX, US
Primary Industry
Power & Utilities
About
Based in Texas, US, and formed in 2019 by, a consortium led by EnCap Investments, along with Yorktown Partners and Mercuria Energy Company, Broad Reach Power LLC, operates as an independent utility-scale energy producer and provider, focused on supplying clean and carbon-free energy. In August 2023, Engie acquired Broad Reach Power LLC from Apollo Global Management, EnCap Investments, Mercuria Energy Company, and Yorktown Partners. Broad Reach Power LLC collaborates with traditional energy producers, owners, and utilities to facilitate the growth of renewable energy storage as an infrastructure asset. As of 2021, the company owns a portfolio of 21 gigawatts (GW) of utility-scale solar and energy storage power projects in Montana, South Dakota, Wyoming, California, Utah, and Texas, with approximately 1.
4-gigawatt-hours of storage assets.
Current Investors
Yorktown Partners, EnCap Investments, Mercuria
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services, Electric Utilities, Solar Power, Wind Power
Verticals
Clean Technology
Total Amount Raised
Subscriber access only
Broad Reach Power LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, Trade Sale | Announced | Broad Reach Power LLC | - | ||||||||
| Secondary Buyout | Completed | Broad Reach Power LLC | - | ||||||||
| Buyout | Completed | Broad Reach Power LLC | - |
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