NEW YORK, July 01 –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.”
Geoff Strong, Founder and CEO of Northampton Capital Partners, added, “Beyond this initial acquisition, we see Winslow as a platform with real runway to grow — we intend to pursue additional opportunities to add scale across the Northeast power markets in the years ahead.”
Richard Vicens, President & CEO of Olympus, said, “We are excited by the growth of energy demand in NYISO and ISO New England and the opportunities created by the ownership and operation of well-maintained and reliable electricity infrastructure in those markets. Olympus Power continues to embrace the opportunity to invest in natural gas fired generation serving a critical role in the digital and energy demands of the 21st century. The Northampton team brings seasoned leadership and energy capital markets expertise to this venture. Our partnership with Northampton Capital Partners offers an opportunity to capitalize on these attractive