Strategic Value Partners Secures 32% Stake in Carroll County Energy Holdings for Future Growth

Strategic Value Partners Announces Acquisition of 32% Equity Stake in Carroll County Energy Holdings

Date: October 2, 2025
Location: Greenwich, Connecticut and Carrollton, Ohio

Strategic Value Partners, LLC (SVP), a prominent global investment firm, has recently announced an exciting development in the energy sector. The firm, with approximately $23 billion in assets under management, has confirmed that its managed funds will acquire a 32% equity interest in Carroll County Energy Holdings. This agreement marks a significant move for SVP in the renewable energy landscape, which is becoming increasingly critical to meet growing power demands.

About Carroll County Energy
Carroll County Energy operates a 700-megawatt natural gas-fired combined-cycle generation facility located in Carrollton, Ohio. Since commencing commercial operations in 2017, the facility has positioned itself as a vital provider of low-cost and reliable electricity to consumers in Ohio and the wider PJM Interconnection area. By employing GE 7FA turbines in its operations, Carroll County Energy exemplifies efficiency in energy generation.

The strategic investment into Carroll County Energy is part of SVP’s broader initiative to expand its energy portfolio. Notably, SVP's dealings trace back to a partnership formed in 2024 with EverGen Power, a company focused on power generation acquisitions and asset management, which aims to bolster SVP’s investments across North America. This collaboration is set to streamline efforts in enhancing energy capacity and reliability in the region.

The Importance of This Acquisition
Ari Barz, Co-CEO of EverGen Power, expressed enthusiasm over the acquisition, emphasizing the plant's pivotal role in enhancing energy reliability not only in Ohio but throughout the Mid-Atlantic region. This comes at a time when the demand for robust power infrastructure is on the rise due to increasing electrification, especially with the emerging needs of data centers in the area. Barz commented, "Carroll County Energy is a highly efficient, baseload plant providing reliable power to Ohio and the broader Mid-Atlantic, supporting further electrification in the economy."

David Geenberg, Head of North American Corporate Investments at SVP, further elaborated on the significance of this deal. He underlined that the combination of EverGen's industry know-how and SVP's capability to navigate complex financial transactions allowed for this swift acquisition process. Geenberg stated, "In partnering with EverGen, we are building a best-in-class portfolio of North American generation assets," which indicates a strong commitment to future energy investments.

Strategic Value Partners and Its Vision
With a rich history in various real asset sectors, SVP has developed substantial investing expertise, particularly in the realm of power generation. The firm not only holds a majority stake in GenOn Holdings, Inc. but has also made various significant investments in energy-related assets and companies over the years. The leadership at EverGen Power, which brings together seasoned professionals with over 75 years of experience in power generation, plays a vital role in ensuring the success of SVP's initiatives in the energy sector.

Established in 2001 by Victor Khosla, SVP has effectively utilized its multifaceted approach—including sourcing, financial, and operational expertise—to unlock value across its investments. Managing nearly $23 billion in assets, the firm's ongoing efforts demonstrate a clear focus on addressing the increasing global energy demand while ensuring sustainable investment practices.

Future Outlook
As SVP continues to strengthen its foundations in power generation through strategic acquisitions like that of Carroll County Energy, the firm is poised to lead in addressing the critical needs of an electrifying economy. The acquisition reflects SVP's vision to create a diversified and efficient energy portfolio that meets the challenges posed by rising demand and the transition towards more sustainable energy sources.

For more information about Strategic Value Partners and its initiatives in the energy sector, visit www.svpglobal.com.

For additional details on EverGen Power and its mission, check www.evergenpwr.com.