SunLight General Capital

Generate Capital Announces Investment Industry Leader, William Sonneborn, As Its New President

Retrieved on: 
Tuesday, December 12, 2023

Today, Generate Capital, a leading sustainable investment and operating company, announced the appointment of William (“Bill”) Sonneborn as President.

Key Points: 
  • Today, Generate Capital, a leading sustainable investment and operating company, announced the appointment of William (“Bill”) Sonneborn as President.
  • Mr. Sonneborn has an extensive background investing across multiple asset classes and industries, including sustainable infrastructure, energy and disruptive technologies.
  • As CEO, Mr. Sonneborn helped diversify KKR’s investment strategies away from control private equity and launched its private credit business.
  • With over $8 billion in capital raised since its inception, Generate has invested over $6 billion in sustainable infrastructure, including $2 billion in 2022 alone.

Blue Bird and Generate Capital Establish "Clean Bus Solutions," a Fleet Electrification-as-a-Service Joint Venture

Retrieved on: 
Thursday, December 7, 2023

The JV will help school districts accelerate the electrification of their fleets while delivering new revenue and profit streams to Blue Bird and its dealers.

Key Points: 
  • The JV will help school districts accelerate the electrification of their fleets while delivering new revenue and profit streams to Blue Bird and its dealers.
  • Blue Bird’s customers are poised to benefit greatly from Generate’s sustainable investment expertise and flexible financial resources,” said Phil Horlock, CEO of Blue Bird Corporation.
  • “Through the JV, school districts will continue to be supported by Blue Bird and the dealers they have known and trusted for many years.
  • facility which will enable Blue Bird to significantly increase its production of electric school buses, with capacity of up to 5,000 EVs annually in the years to come.

esVolta Secures Tax Equity Investment from U.S. Bank for Energy Storage Project in California

Retrieved on: 
Thursday, November 9, 2023

esVolta, LP, a leading developer, owner and operator of utility-scale battery storage projects in North America, today announced that it has closed a tax equity investment with U.S. Bancorp Impact Finance, a subsidiary of U.S. Bank, to finance its Santa Paula Energy Storage project.

Key Points: 
  • esVolta, LP, a leading developer, owner and operator of utility-scale battery storage projects in North America, today announced that it has closed a tax equity investment with U.S. Bancorp Impact Finance, a subsidiary of U.S. Bank, to finance its Santa Paula Energy Storage project.
  • The new tax equity financing will support the completion of a 30 MW / 60 MWh battery project currently under construction about 60 miles northwest of Los Angeles.
  • esVolta and Impact Finance are among the first partners to structure tax equity taking advantage of the tax credits for standalone energy storage enabled by the passage of the Inflation Reduction Act in 2022.
  • Our tax equity team is excited to partner with U.S. Bank to finance standalone battery storage systems, support grid resilience and deliver clean energy in California,” said Scott Jacobs, CEO and Co-founder of Generate Capital.

Ubiquity Secures Green Financing to Accelerate Open Access Fiber Network Deployments

Retrieved on: 
Tuesday, November 28, 2023

Ubiquity, on behalf of its investors, has deployed significant capital into core markets over the past few years.

Key Points: 
  • Ubiquity, on behalf of its investors, has deployed significant capital into core markets over the past few years.
  • Ubiquity will use the newly committed funds to accelerate deployment of open access fiber networks in its operating regions of Texas, California, Arizona, and Nebraska, and to continue serving its communities with sustainable premium fiber services.
  • "Ubiquity, on behalf of its investors, has deployed significant capital into our core markets over the past few years," said Jamie Earp, Ubiquity co-CEO and Managing Partner.
  • "Ubiquity's goal is to invest and develop digital infrastructure that empowers communities for the future," said Ajay Ghanekar, Ubiquity co-CEO and Managing Partner.

CULTIVATE POWER SECURES $10 MILLION EQUITY INVESTMENT FROM GENERATE CAPITAL TO DEVELOP AND BUILD CLEAN ENERGY INFRASTRUCTURE IN EMERGING COMMUNITY SOLAR MARKETS

Retrieved on: 
Monday, October 2, 2023

CHICAGO, Oct. 2, 2023 /PRNewswire/ -- Cultivate Power, a distributed solar and storage project developer committed to strengthening communities, the grid, and climate stability, today announced it has secured a corporate equity investment of $10 million from Generate Capital, a leading sustainable investment and operating company driving the infrastructure transition. This investment demonstrates the companies' shared commitment to deploying distributed clean energy projects that deliver affordable power to communities across the country and boost local economies.

Key Points: 
  • "We have worked with the founders of Cultivate Power for many years and are thrilled to invest in the company to support its growth.
  • Cultivate Power's strong project portfolio, experienced leadership team and focus on distributed clean power projects align with Generate's mission to accelerate the infrastructure transition," said Peggy Flannery, Managing Director at Generate Capital.
  • The corporate equity commitment from Generate Capital provides Cultivate Power with the resources needed to grow its business.
  • Cultivate Power believes that to maximize climate and community benefits, project development must start locally in collaboration with each community.

Hunt Scanlon Media to Host Private Equity and Venture Capital Recruiting Conference

Retrieved on: 
Wednesday, September 13, 2023

GREENWICH, Conn., Sept. 13, 2023 /PRNewswire/ -- Hunt Scanlon Media is convening hundreds of private equity and venture capital leaders, chief talent officers and executive recruiters to its 'Optimizing Talent for Growth' summit at the Julia Morgan Ballroom in San Francisco on October 18, 2023.

Key Points: 
  • GREENWICH, Conn., Sept. 13, 2023 /PRNewswire/ -- Hunt Scanlon Media is convening hundreds of private equity and venture capital leaders, chief talent officers and executive recruiters to its 'Optimizing Talent for Growth' summit at the Julia Morgan Ballroom in San Francisco on October 18, 2023.
  • "Private equity and venture capital firms face unique challenges in attracting top professionals to lead their portfolio companies through periods of innovation and growth," said Christopher W. Hunt, president of the media concern.
  • Hunt Scanlon's 'Private Equity and Venture Capital Recruiting Summit' series explores the pivotal role of human capital in driving success and growth during disruptive times.
  • Hunt Scanlon is drawing on the expertise of 17 private equity and venture capital leaders from a diverse group of companies, including GV (Google Ventures), Vista Equity Partners, General Catalyst, New Enterprise Associates, FFL Partners, Gryphon Investors, Generate Capital, Oaktree Capital Partners, Mainsail Partners, and Genstar Capital, among many others.

QIC Infrastructure-backed Renewa secures US$450m of capital to accelerate growth of land under green energy projects

Retrieved on: 
Thursday, August 10, 2023

NEW YORK, Aug. 10, 2023 /PRNewswire/ -- QIC, on behalf of its managed clients, has appointed energy industry veterans Mark Noyes, Peter Tumminello, and Natalie Jackson as independent directors of portfolio company Renewa. Led by Co-Founders and Co-CEOs Stephen Lee and Gage Mooring, Renewa is a leading land under infrastructure company now with a total of US$450 million of committed capital. This committed funding demonstrates QIC's focus on decentralized infrastructure, aligning with its strategy across energy transition, decarbonization, and distributed infrastructure.

Key Points: 
  • This committed funding demonstrates QIC's focus on decentralized infrastructure, aligning with its strategy across energy transition, decarbonization, and distributed infrastructure.
  • Renewa owns one of the largest independent portfolios of land under clean energy projects in the U.S.
  • Significantly expanding its portfolio, Renewa has achieved several important growth milestones since QIC invested in the platform in 2022.
  • Renewa, with a presence in more than 30 gigawatts of projects, has one of the most diversified land exposures to U.S. renewable energy.

Generational Capital Markets Advises Barnhart Transportation in its Recapitalization by SMG Industries

Retrieved on: 
Monday, July 24, 2023

Barnhart Transportation (Barnhart) and its affiliate companies offer a comprehensive range of logistical services to meet the global demands of their customer base.

Key Points: 
  • Barnhart Transportation (Barnhart) and its affiliate companies offer a comprehensive range of logistical services to meet the global demands of their customer base.
  • Barnhart Transportation is headquartered in North East, Pennsylvania with service terminals in Moncks Corner and North Charleston, South Carolina.
  • Tim and Bryan Barnhart, the experienced leaders behind Barnhart Transportation, bring a wealth of experience, expertise and leadership to SMGI.
  • "The acquisition of Barnhart Transportation by SMG Industries is a significant milestone for both companies," stated Bryan Barnhart.

Generate Capital and McKinstry launch Viridis Initiative to accelerate the decarbonization of institutional buildings and facilities

Retrieved on: 
Thursday, June 15, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230615202390/en/
    Generate and McKinstry have entered a formal partnership to launch Viridis Initiative, a joint venture delivering turnkey energy-as-a-service (EaaS) solutions to municipalities, universities, schools and hospitals.
  • Viridis Initiative originated from a strategic partnership between Generate and McKinstry.
  • McKinstry was contracted by Generate to design, build and sustain energy performance improvements.
  • The success of that effort led Generate and McKinstry to create Viridis Initiative to replicate the partnership’s EaaS model nationwide.

Generational Capital Markets Advises Youngblood Automation in its Sale to H&P Technologies

Retrieved on: 
Wednesday, May 31, 2023

Generational Capital Markets (GCM) Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Youngblood Air Systems (dba Youngblood Automation, Inc.) to H&P Technologies, Inc.

Key Points: 
  • Generational Capital Markets (GCM) Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Youngblood Air Systems (dba Youngblood Automation, Inc.) to H&P Technologies, Inc.
  • Youngblood Automation (Youngblood), located in Grand Rapids, Michigan, is an automation business focused on three synergistic lines of businesses: Wholesale distribution of automation componentry, representation of leading manufacturers of equipment in automation, and automation manufacturing services.
  • The Company’s portfolio of brands includes over 40 of the most recognized and reliable manufacturers in the automation industry.
  • Generational Equity’s Senior Managing Director, Tom Stephens established the initial relationship with Youngblood.