Peter Clark, President of SRG, commented, "I've been in this business for 35 years and sold projects from time to time but this transaction was one where the process, created by MFA Capital Advisors and MFA Securities, was most effective. Their process objectively presented all of the salient features of our facilities and maximized the value of our hydro companies. Throughout the transaction, the team worked closely with us to really understand the complicated facets of the renewable energy business. They extensively researched the small hydro project market, which put us in direct contact with potential buyers across the country. I especially liked the direct communication that the MFA team maintained throughout the three stages of the sale."
"Immersing our team in the hydro industry was incredibly rewarding, as was working with both the management team and the shareholders of SRG," added Laura Moruzzi, Managing Director of the MFA team. "There is a great demand for renewable energy resources and an ongoing focus on green electricity in the global market. SRG and its founders are pioneers in this industry, they have been developing renewable energy resources in New England for decades and we are excited to see how Eagle Creek will help these operations further evolve as an extension of their ever-growing portfolio in the hydro marketplace."
About MFA Capital Advisors
MFA Capital Advisors, LLC is a business consulting and transactional services firm that encompasses a full range of corporate finance matters including, but not limited to, mergers and acquisitions, reorganizations, recapitalizations, stock repurchases, capital raising, bank financing, strategic alternatives and general corporate advisory on related matters.
About MFA Securities
MFA Securities, LLC, a FINRA member broker-dealer, provides merger and acquisition (M&A) business advisory services and transaction services to unaffiliated private companies.
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SOURCE MFA Capital Advisors, LLC; MFA Securities, LLC