#United States #New York #PEI Global Partners #Project Trident #CSG Investments

PEI Global Partners Wins Prestigious Award for Project Trident

PEI Global Partners is making headlines after being awarded the highly coveted “Power & Transmission Acquisition of the Year – North America” at the IJInvestor Awards 2024 for its exceptional role in the $2 billion Project Trident transaction. This event marks a significant achievement within the infrastructure finance sector, shining a spotlight on PEI's pivotal role as the sole financial advisor to CSG Investments LLC, which is linked to Beal Bank USA.

Overview of Project Trident

Project Trident involves an impressive portfolio of four Combined Cycle Gas Turbine (CCGT) plants, contributing a total generation capacity of 3,594 MW across the United States. The plants are strategically located in Harquahala, Arizona; La Paloma, California; Athens, New York; and Millennium, Massachusetts. The transaction unfolded in two critical phases that included a consortium led by Capital Power acquiring the Western Assets, while Gate City Power took charge of the Eastern Assets, thereby marking an essential progression in the natural gas sector.

The Significance of the Award

This recognition underscores the depth of expertise and strategic approach employed by PEI. The Managing Partner at PEI, Kevin Phillips, voiced that the award reflects not only the firm’s extensive experience in merger activities but also their acute understanding of industry dynamics and investor demands. According to Phillips, "Project Trident epitomizes the careful balance necessary to harmonize market influences with investor goals while ensuring natural gas's crucial role in grid reliability is maintained during this transition phase in energy."

James Donahoe, Managing Director at CSG, emphasized that the transaction required adept navigation through the complexities associated with multi-asset sales, indicating PEI's role in providing essential strategic oversight was invaluable. He remarked, “The success of this transaction is a testament to the seamless collaboration of our teams, facilitating a favorable outcome for all stakeholders involved.”

PEI's Commitment to Excellence

Since its establishment in 2022, PEI Global Partners has carved a niche for itself as a leading independent investment bank, specializing in the power, energy, and infrastructure sectors. With offices spread across New York City, Tampa, and Hong Kong, the firm has successfully executed over 30 transactions exceeding $10 billion in value. PEI provides expert advisory services encompassing mergers and acquisitions, divestitures, financings, and other strategic endeavors.

“Project Trident embodies a landmark achievement in large-scale natural gas transactions within North America, potentially heralding a series of similar mergers and acquisitions in the upcoming year,” added Phillips. Through its focused approach, PEI delivers tailored investment theses for each asset, ensuring a successful deal process.

The company carries out securities transactions through its wholly-owned broker-dealer subsidiary – which is regulated by various authoritative bodies including FINRA and the SEC, confirming their commitment to compliance and ethical standards in the financial landscape.

For further insights into their operations or to learn more about PEI Global Partners, interested parties can visit PEI Global Partners' website. This award not only validates PEI's efforts in the realm of energy but also sets a high standard for future endeavors in infrastructure finance.

PEI's remarkable achievement enhances its standing in an evolving market and reinforces its dedication to steering clients toward success amidst the complexities of the financial world.