Eagle Creek Renewable Energy Acquisition, Valuation, Funding & Investors

Eagle Creek Renewable Energy was acquired by Apollo Global Management for $1.5B in October 2025.

Eagle Creek Renewable Energy acquisition price

$1.5B

Acquired by Apollo Global Management · Oct 2025

Cumulative funding Eagle Creek Renewable Energy raised

$100M

across 1 funding round

Key investors in Eagle Creek Renewable Energy

  • Macquarie Asset Management
  • Power Energy Eagle Creek

Eagle Creek Renewable Energy Overview

About Eagle Creek Renewable Energy

Eagle Creek Renewable Energy is an independent owner and operator of hydroelectric facilities across the United States. The company owns and operates 85 plants in 18 states with nearly 700 MW of total capacity, generating enough electricity to power more than 260,000 homes.


Founded

2010

HQ

United StatesUnited States

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.5B (acquired Oct 2025)

Eagle Creek Renewable Energy Acquisition

Eagle Creek Renewable Energy was acquired by Apollo Global Management for $1.5B on 6 October 2025.

Before the acquisition Eagle Creek Renewable Energy had raised $100M across 1 funding round.

Eagle Creek Renewable Energy, a leading independent owner and operator of hydroelectric facilities across the US, owns and operates 85 plants in 18 states with nearly 700 MW total capacity, generating enough electricity to power over 260,000 homes. Apollo Funds, managed by Apollo Global Management (NYSE: APO) with approximately $840 billion in assets under management as of June 30, 2025, agreed to acquire Eagle Creek from Ontario Power Generation on October 6, 2025, for a reported $1.5 billion, though most sources did not disclose financial terms. The deal aligns with Apollo's energy transition strategy, having committed, deployed, or arranged $59 billion in such investments since 2022 across energy, infrastructure, and industrial sectors. Apollo highlighted Eagle Creek's strong safety record, performance, and diversified footprint as a premier US independent hydro portfolio, viewing the acquisition as an opportunity to expand the platform amid rising demand for reliable clean power from industrial activity and data centers. Eagle Creek CEO Neal Simmons emphasized the company's pride in delivering clean, reliable power to US communities, utilities, and businesses, anticipating Apollo's support to strengthen operations and meet customer needs. BMO Capital Markets served as financial advisor and Vinson & Elkins as legal counsel to Apollo Funds. The transaction, subject to regulatory approvals and customary closing conditions, is expected to close in Q1 2026.

Eagle Creek Renewable Energy acquisition details
AcquirerDateTypePrice
6 Oct 2025PE buyout$1.5B

Eagle Creek Renewable Energy Funding History

Eagle Creek Renewable Energy has raised a total of $100M across 1 funding round.

Eagle Creek Renewable Energy funding rounds

Eagle Creek Renewable Energy funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2013Undisclosed stagePower Energy Eagle Creek; Macquarie Asset Management$100MEagle Creek Renewable Energy, a small hydropower developer based in New Jersey (later noted in Morristown, N.J.), closed an equity financing of up to $100 million on or around October 17, 2013, from Macquarie Funds Management and Power Energy Eagle Creek LLC (comprised of Claridge Inc. and Power Corporation of Canada subsidiary Power Energy Corporation). The funds were intended for acquisitions, development projects, and growth in the hydroelectric power sector. At the time, the company had recently acquired 10 small hydropower projects from Algonquin Power, resulting in a portfolio of 39 plants across seven states with about 90 MW combined capacity, plus 4 MW from three projects under construction. CEO Bud Cherry highlighted the capital raise's success and the investors' quality to support the growth plan. Eagle Creek also held ownership interests equivalent to approximately 12 MW in fourteen other hydroelectric facilities and two solar facilities in New England. The company operated as a privately-owned entity. A source lists total funding of $100 million across one round in 2013-10-17, matching the described investment, with an estimated annual revenue of $47.3 million and revenue per employee of $358,000, alongside an estimated valuation of $151.2 million derived from industry average multiples on those revenues, but no direct confirmation of post-money valuation or time-specific financials for the round. In November 2018, Ontario Power Generation (OPG) acquired Eagle Creek from Hudson Clean Energy Partners, Power Energy Corporation, and other previous investors, making it a wholly-owned subsidiary of OPG. No details on round valuation, revenue, ARR, EBITDA, or multiples near September/October 2013 were provided in the sources.

Who has invested in Eagle Creek Renewable Energy?

2 investors have backed Eagle Creek Renewable Energy across its funding rounds, including Macquarie Asset Management and Power Energy Eagle Creek.


Eagle Creek Renewable Energy Investors

Investors in Eagle Creek Renewable Energy by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Eagle Creek Renewable Energy

Eagle Creek Renewable Energy has acquired 1 company to date.

Last acquisition by Eagle Creek Renewable Energy was on March 19th 2024. Eagle Creek Renewable Energy acquired Lightstar for undisclosed valuation.


Latest Acquisitions by Eagle Creek Renewable Energy

Lightstar
Description
Lightstar is a New York-based developer and operator of community solar projects in New York State, with over 10 megawatts deployed across five sites benefiting 600 subscribers. The company finances, constructs, and maintains ground-mounted arrays on farmland, offering bill credits through the NY-Sun program. Lightstar also manufactures LUXED high-output LED lighting fixtures used in film productions by Netflix and HBO series. Its solar portfolio includes the 5-megawatt Greene County project launched in 2022.
HQ CountryUnited States
HQ City
Boston, MA
Deal Date19 Mar 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Eagle Creek Renewable Energy Competitors

Eagle Creek Renewable Energy competitors include listed companies like Econergy, Romande Energie, Birlesim Grup Enerji and Premier Energy, and private ones like Arcadia and Gokin Solar.

Public and private companies comparable to Eagle Creek Renewable Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ArcadiaUnited StatesDenver, COPrivate--$1.5B-
EconergyUnited KingdomUnited KingdomPublicly listed$11M($64M)$1.5B-
Gokin SolarChinaZhuhaiPrivate--$1.5B-
Romande EnergieSwitzerlandSwitzerlandPublicly listed$960M$231M$1.5B1.9x
Birlesim Grup EnerjiTurkeyTurkeyPublicly listed$31M$15M$1.5B-
Premier EnergyCyprusCyprusPublicly listed$2B$193M$1.5B0.9x

Eagle Creek Renewable Energy Public Comps

Eagle Creek Renewable Energy is no longer listed, but its public comps include Econergy, Romande Energie, Birlesim Grup Enerji, Premier Energy, CS Wind, CropEnergies, CleanMax, REX American Resources, Celsia and Empresa Eléctrica Pehuenche.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Econergy$11M($64M)205.8x-(34.8x)-
Romande Energie$960M$231M1.9x1.9x7.9x9.4x
Birlesim Grup Enerji$31M$15M50.6x-103.3x-
Premier Energy$2B$193M0.9x0.9x9.2x9.2x
CS Wind$2.1B$205M1.0x1.1x10.6x6.7x
CropEnergies$5M($41M)270.8x1.1x(35.0x)12.2x
CleanMax$199M$125M14.5x10.8x23.0x18.2x
REX American Resources$650M$97M1.8x1.8x11.9x-

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Common questions about Eagle Creek Renewable Energy

When was Eagle Creek Renewable Energy founded?Eagle Creek Renewable Energy was founded in 2010.
Where is Eagle Creek Renewable Energy headquartered?Eagle Creek Renewable Energy is headquartered in United States.
Is Eagle Creek Renewable Energy publicly listed?No, Eagle Creek Renewable Energy was acquired by Apollo Global Management in October 2025.
Who acquired Eagle Creek Renewable Energy?Eagle Creek Renewable Energy was acquired by Apollo Global Management in October 2025.
How much was Eagle Creek Renewable Energy acquired for?Eagle Creek Renewable Energy was acquired for $1.5B in October 2025.
How much funding has Eagle Creek Renewable Energy raised?Eagle Creek Renewable Energy has raised $100M across 1 funding round.
What was Eagle Creek Renewable Energy's last funding round?Eagle Creek Renewable Energy's last funding round was a $100M undisclosed-stage round in September 2013.
Who are Eagle Creek Renewable Energy's investors?Eagle Creek Renewable Energy's investors include Power Energy Eagle Creek and Macquarie Asset Management.
Which companies are comparable to Eagle Creek Renewable Energy?Companies comparable to Eagle Creek Renewable Energy include Arcadia, Econergy, Gokin Solar, Romande Energie, Birlesim Grup Enerji and Premier Energy.
How many companies has Eagle Creek Renewable Energy acquired?Eagle Creek Renewable Energy has acquired 1 company, including Lightstar.

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