Seacoast Capital Exits Stone Road Energy

Stonepeak Acquires Boundary Street Capital

November 12, 2024

Financial Services

Stonepeak has agreed to acquire Boundary Street Capital, a specialist private credit investment manager focused on digital infrastructure, enterprise infrastructure software, and technology services for the lower middle market. The deal expands Stonepeak Credit's private credit capabilities and strengthens its digital infrastructure and technology services investing platform; terms were not disclosed and the transaction closed in January 2025.

Seacoast Capital Invests $20M in Lone Star Overnight

December 1, 2021

Logistics & Distribution

Seacoast Capital provided $20 million of subordinated debt and preferred equity to Lone Star Overnight (LSO) in a non-control growth capital investment to buy out a minority shareholder, refinance part of existing debt, and support near-term growth. LSO is a regional parcel delivery provider headquartered in Austin, Texas with a multi-state network of operating locations serving both B2B and B2C customers.

LawnPRO Partners Acquires Seacoast Tree & Turf

July 24, 2025

Environmental Services

LawnPRO Partners, a platform backed by HCI Equity Partners, has acquired New Hampshire-based Seacoast Tree Care and Seacoast Turf Care (together, Seacoast Tree & Turf). The deal is an add-on to the LawnPRO platform to expand its New England footprint and supports the founder Dan Mello's retirement while retaining the company's employees for integration into LawnPRO's operations.

Dead River Company Acquires Maine Energy Company

December 1, 2022

Energy

Dead River Company acquired Maine Energy Company in September, marking the end of three generations of family ownership after owner Robert Cort’s retirement. The acquisition is an add-on to Dead River’s regional heating-fuel platform (which is PE-backed by Redwood Capital Investments) and will rebrand Maine Energy offices under the Dead River name while consolidating local heating oil and propane operations in the Bangor area.

Stonepeak Buys Equity Stake in Ørsted US Onshore Wind Portfolio for $300M

March 15, 2024

Renewable Energy

Stonepeak has agreed to acquire an equity ownership stake in a portfolio of four US onshore wind farms from Ørsted for about $300 million. The portfolio (957 MW) includes Ford Ridge (Illinois), Helena and Western Trail (Texas), and Sunflower (Kansas); Ørsted will continue to operate the projects and retains certain long‑term optionality, while Stonepeak will receive 80% of cash distributions.

Equity Group Investments Recapitalizes East Coast Warehouse & Distribution; Seacoast Capital Exits

February 3, 2022

Logistics & Distribution

Equity Group Investments has recapitalized East Coast Warehouse & Distribution (ECW), a temperature-controlled 3PL headquartered in Elizabeth, New Jersey, enabling Seacoast Capital to exit its non-control growth investment. Seacoast originally invested in 2018 (co-investing with Everside Capital Partners); terms of the recapitalization were not disclosed. ECW operates extensive refrigerated and ambient warehouse capacity and provides drayage, trucking, brokerage and customs exam services at major East Coast ports.