Alvarez & Marsal Capital Partners Teams Up With East Coast Power to Transform Utility Services Nationwide

Strategic Alliance in the Electric Utility Sector

In a significant move poised to reshape the landscape of electric utility services, Alvarez & Marsal Capital Partners Fund III (AMCP III) has finalized a strategic partnership with East Coast Power (ECP). This fast-growing electric utility service provider, founded by industry veteran Darren Donohue, focuses on maintenance and emergency response for electrical transmission and distribution systems across the Northeastern United States.

The partnership includes AMCP III acquiring a majority stake in ECP, aiming to capitalize on the increasing demands for reliable utility services amid evolving infrastructure needs. The deal is expected to close within 30 days, pending necessary approvals.

ECP, headquartered in Albany, New York, has gained a reputation for excellence, providing a comprehensive array of services that include repair, maintenance, restoration, and upgrades to electric utility infrastructure. As the need for robust and responsive electric utility services grows due to challenges like aging infrastructure and severe weather events, AMCP III’s investment seeks to enable ECP to expand its reach and operational capabilities.

Darren Donohue, with nearly 35 years of experience in the sector, expressed excitement about the new chapter for ECP, emphasizing the vital role of electricity services in contemporary society. He stated, "The need for safe and effective electric utility services has never been greater. Our partnership with AMCP III equips us with the necessary capital and resources to drive our expansion goals forward."

As part of the growth strategy, ECP plans to target select markets across the U.S. and Canada, leveraging both organic initiatives and strategic mergers and acquisitions. The company's leadership team, known for its successful acquisition strategies, aims to identify complementary targets that align with ECP's commitment to safety and reliability in service delivery.

Ryan McCarthy, a partner at AMCP, commented on the importance of this partnership, highlighting ECP’s strong organizational culture and committed leadership. "Darren and his team are well-equipped to navigate the complexities of the electric utility landscape, especially as we face pressing infrastructure demands across North America, necessitating significant investments in reliable services," he noted.

Further underscoring the partnership's potential, Jack McCarthy, Managing Partner and Co-Founder of AM Capital, stated, "ECP is uniquely positioned to act as an acquisition platform within the fragmented utility sector. We share a vision with Darren for broadening ECP’s operational footprint and enhancing its service offerings, which will resonate well with existing and new customers alike."

For further information on East Coast Power, including potential job opportunities or inquiries related to electric utility services, interested parties can visit East Coast Power's website. Additional details about Alvarez & Marsal Capital and its investment strategies can be found at AM Capital's website.

With this partnership, both Alvarez & Marsal Capital Partners and East Coast Power aim to not only enhance utility service delivery but also set a new standard for electric utility performance and sustainability throughout the region and beyond.