Jun 17, 2022

Capstone Partners Advised Babcock Power on its Acquisition of Renewable Concepts Inc.

Capstone Partners advised Babcock Power Inc.—a leading provider of energy-related products and services—on its Acquisition of Renewable Concepts Inc. Terms of the deal were not disclosed.

Babcock Power Inc. is a global leader in providing innovative energy-related products, advanced technology, and services to the power-generation, combined cycle, industrial, environmental, refinery, petrochemical, solar, biomass, and waste-to-energy industries. Babcock is comprised of strategically assembled business units—each with its own specialized technology, skills, and experience—integrated into a single-source provider for its customers. For more Information visit here.

“This acquisition aligns with our core commitment to meet the needs of our customers across a broad spectrum of market segments,” said Michael LeClair, President and CEO of Babcock Power. “We provide solutions that support global energy and RCI is the ideal partner to help us continue this growth. RCI’s wind turbine expertise will be a strong addition to our existing portfolio and supports our strategic vision to serve the growing global demand for safe, reliable, and clean energy.”

Capstone Partners identified [Renewable Concepts] as a potential acquisition target and was instrumental is convincing RCI to enter into exclusive negotiations with BPI without talking to other potential acquirers. Capstone’s buyside expertise was crucial to BPI as we embark on the next growth phase for the company.

Xavier DoraiEVP and Chief Strategy Officer, BPI

Bill Sprague, Managing Director at Capstone commented, “We identified infrastructure services as a sector that is ripe for consolidation as the sector is highly fragmented with a significant number of second and third generation family-owned business. We worked extensively with BPI to identify companies that would benefit from a relationship with a company that had a broader market reach and additional resources. RCI was one of the first companies that we reached out to, and we think they will be great partners for each other.

Renewable Concepts Inc. is a leading U.S. provider of innovative and reliable maintenance and service solutions for the wind-power industry. RCI was founded in 2008 by Rob Tinsley, a pioneer for renewable energy and a leader in the wind power generation industry. RCI is known for its skilled engineering and technical wind mechanical solutions including maintenance, engineering, construction, and repair services for wind turbines. For more Information visit here.

“Renewable Concepts is well-known for timely and quality solutions it provides to the wind industry. Going forward, Babcock Power, a company also known for its integrity throughout the energy industry, will provide high-quality solutions and top-notch customer service to users of wind power generation services,” said Rob Tinsley, founder, and CEO of RCI.

The expert investment banking professionals on Capstone Partners’ Energy Power & Infrastructure Team work with leading middle market companies operating in the Energy market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Energy Banking Team, contact us here.