Enviva Partners Acquires Enviva Holdings in Simplification Transaction

October 15, 2021

Enviva Partners, LP completed a GP buy-in acquiring 100% of Enviva Holdings, LP and eliminated its incentive distribution rights (IDRs) in exchange for 16 million EVA common units (approx. $870 million based on a 20‑day VWAP). The transaction simplifies the corporate structure, enables a planned conversion from an MLP to a C‑Corp (Enviva Inc.), and is intended to lower Enviva’s cost of capital, expand its investor base, and retain incremental cash flow for growth.

Buyers
Enviva Partners, LP
Targets
Enviva Holdings, LP
Sellers
Former owners of Enviva Holdings, LP
Industry
Renewable Energy
Location
Maryland, United States
Transaction Type
Buyout

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