Founded in 1990, B&Co provides investment banking transaction
and advisory services to participants in the electric power industry. Our experience
and structure enable us to solve difficult problems and to provide cost-effective
results to small and middle-market clients.
MERGERS & ACQUISITIONS
B&Co provides advice to buyers, sellers and other participants in power project
related transactions. Results for clients include higher value, better non-price
terms and more efficient use of staff. B&Co is a Broker/Dealer and a member of
FINRA.
- Prepared, auctioned and sold 75 MW biomass portfolio.
- Evaluated, marketed and sold 30 MW biomass-fired project.
- Analyzed, auctioned and closed sale of $20 MM gas-fired facility.
- Advised lessor during renewal of lease on 75 MW biomass and
coal fired project.
- Auctioned site lease rights for 600 MW gas-fired facility.
- Arranged meteorological study and lease options on two 100
MW wind projects.
- Obtained multiple offers and closed sale of electric utility
serving Prudhoe Bay, AK.
- Evaluated, marketed and sold a $30 MM LC liability for a biomass
project.
- Analyzed, auctioned and sold a portfolio of six hydroelectric
projects.
- Provided a Fairness Opinion to a publicly-traded company in
support of its purchase of a 115 MW coal-fired project.
FINANCING
B&Co arranges equity and non-recourse debt financing for construction,
development, repowering, acquisition and recapitalization of power projects.
- Managed competitive debt and equity offerings to fund a 140
MW peaking project.
- Arranged $25 MM replacement letter of credit to support tax
exempt bonds.
- Arranged a funding partner to complete a development stage
80 MW wind project.
- Arranged a funding partner to complete a development stage
160 MW gas project.
RESTRUCTURING
B&Co advises lenders and owners on various capitalization, value, repayment and
management issues.
- Advised lender on exposure concerning a distressed $30 MW hydroelectric
facility.
- Advised bank group on restructuring a distressed $600 MM coal
project financing.
- Created pre-payment plan to minimize $20 MM swap breakage costs.
- Advised bank group on rescheduling minimum principal payment,
mandatory pre payments and swap breakage concerning a 29 MW natural-gas fired
facility.
