Northampton Capital Partners, Olympus Power Form JV and Reach Agreement to Acquire New England, New York Generating Assets

Northampton Capital Partners, Olympus Power Form JV and Reach Agreement to Acquire New England, New York Generating Assets

Northampton Capital Partners LLC (“Northampton”), an alternative asset management firm focused on infrastructure investments in the middle market targeting the energy, digital, and other critical infrastructure sectors, announced today that it has formed Winslow Power (“Winslow”) in partnership with Olympus Power, LLC (“Olympus”). Winslow has agreed to acquire three conventional power plants with a combined capacity of 752 MW from a subsidiary of Vistra Corp.

Winslow’s acquisition involves three assets, including the 541-MW Casco Bay combined cycle facility in Veazie, Maine, Beaver Falls, a 108-MW dual fuel combustion turbine in Croghan, NY, and Syracuse, a 103-MW dual fuel combustion turbine in Solvay, NY.

The acquisition is subject to customary regulatory approvals and is expected to close later this year.

Andrew Kapp, Founding Partner at Northampton Capital Partners, said, “Northampton is thrilled to partner with Olympus on what we believe is a long-term opportunity to serve growing electricity demand with efficient and reliable generation units. The Casco Bay, Syracuse and Beaver Falls facilities are well-positioned to provide resilient capacity to the system and serve electricity demand.”