ACMP III to acquire stake in East Coast Power 

Alvarez & Marsal Capital Partners Fund III (AMCP III), a North American-focused middle-market private equity fund, announced through a newly formed affiliate, that it has signed a definitive agreement to enter into a strategic partnership with East Coast Power (ECP), a fast-growing electric utility services provider with operations throughout the northeast US. Through this partnership, AMCP III will be acquiring a majority stake in ECP and is expected to work closely with the company’s founder to grow the business, diversify its service platform, and expand its service territories across the country. The deal is expected to close in the next 30 days, subject to certain approvals.

Headquartered in Albany, New York, ECP provides safe and reliable repair and maintenance services to electrical utility customers supporting transmission and distribution power line infrastructure throughout the East Coast.

ECP’s expansion plans are focused on select markets throughout the US and Canada, addressing increasing power demands. The company will collaborate with AMCP III to leverage both organic growth initiatives, and strategic mergers and acquisitions to execute this expansion.