Marathon Advises Main Street Power on Sale to AES
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Marathon Advises Main Street Power on Sale to AES

marathon nf1Marathon Capital was the exclusive financial advisor to Main Street Power on its sale to The AES Corporation, a Fortune 200 energy company.

Main Street Power is an owner, operator and financier of distributed solar projects and has developed more than 200 commercial projects and several residential platforms across the United States.  Projects have been completed for schools, municipalities, utilities, residential marketers and private-sector commercial entities.  The company has over 60 megawatts of distributed generation solar photovoltaic projects in operation across North America with an additional 100 megawatts in development in the US, Caribbean and Latin America.  Main Street Power was formed in 2009 and is based in Boulder, CO (www.mainstreetpower.com) (www.aesdistributedenergy.com).

terry grant nf1“Marathon Capital was pleased to work with the Main Street Power and AES teams, providing for an orderly transition from private investors to a balance sheet sponsored business, capable of continuing its growth in both the solar residential and commercial and industrial market space,” said Terry Grant, Managing Director of Marathon Capital. “Overall, the solar space is hot.  These transactions are not easy, but there is an appetite among traditional energy players to ensure they are not left out of forward facing market models.  We are optimistic that this will not be the last transformative platform transaction this year.”

Marathon Capital is a financial advisory and investment banking firm that provides financial advice in the areas of M&A, capital raising of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the energy sector. The firm is headquartered in the Chicago suburb of Bannockburn, IL and has additional offices in New York and San Francisco (www.marathon-cap.com).

The AES Corporation provides energy to 18 countries through a portfolio of distribution businesses as well as thermal and renewable generation facilities. The company has approximately 18,500 employees and 2014 revenues were $17 billion.  AES is based in Arlington, VA (www.aes.com).

“As part of AES, we see tremendous opportunity to build on and grow the environmental, economic and social benefits that distributed solar generation brings to the communities, homeowners, schools, municipalities, businesses and utilities,” said Amory Host, President and CEO, of Main Street Power.

© 2015 PEPD • Private Equity’s Leading News Magazine • 3-16-15

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