Private Equity Firm Energy

Greenbelt Capital Partners

Austin, Texas, United States

Middle-market private equity firm investing alongside management teams in businesses across the evolving energy sector, with a focus on energy infrastructure, electrification, and the energy transition. Formerly the energy arm of Trilantic North America.

Focus Areas
Energy infrastructure, Energy transition, Electrification

Tracked deals

10

10 tracked deals across 2022-2026.

Recent pace

5

5 tracked deals announced in the last 12 months.

Deal mix

Growth capital

4 growth capital · 3 buyout · 2 addon

Greenbelt Capital Partners Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Greenbelt Capital Partners. 2 2022 1 2023 1 2024 1 2025 ~6 est. 5 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Greenbelt Capital Management L.P. (Greenbelt Capital Partners)
    Target
    Bowe & Gant Electrical Services, LLC

    Greenbelt Capital Partners (Greenbelt) announced it has made a majority investment in Bowe & Gant Electrical Services, a founder-led electrical and energy infrastructure services provider headquartered in southern New Jersey. Bowe & Gant’s co-founders will retain significant equity and continue to lead the company, with Greenbelt supporting growth and capability expansion across the Northeast.

  • Buyer
    Greenbelt Capital Management L.P.
    Target
    American Wire Group, LLC
    Location
    United States

    Greenbelt Capital Partners made a strategic investment in American Wire Group (AWG) to support the company’s continued growth across the electrification landscape. The partnership is intended to reinforce AWG’s leadership in the energy market and expand its portfolio of wire, cable, electrical equipment and engineering solutions across evolving industry demands.

  • Buyer
    Greenbelt Capital Management L.P. (Greenbelt Capital Partners), Sound Point Capital Management, LP
    Target
    Peak Utility Services Group
    Seller
    ORIX Capital Partners
    Type
    Buyout

    Greenbelt Capital Management (Greenbelt Capital Partners) entered into a definitive agreement to acquire Peak Utility Services Group (Peak) from ORIX Capital Partners. The transaction is expected to close following customary regulatory approvals and closing conditions; financial terms were not disclosed.

  • Buyer
    Saber Power Services, LLC, Greenbelt Capital Partners
    Target
    Bounds Construction II, LLC, Bounds Construction II
    Type
    Addon

    Saber Power Services, a Houston-based portfolio company of Greenbelt Capital Partners, acquired Bounds Construction II, a privately held foundation construction company headquartered in Tylertown, Mississippi. The deal adds civil construction and foundation capabilities (including substation and switchyard foundations and piling services) to strengthen Saber Power’s vertically integrated electrical infrastructure offering.

  • Buyer
    Alphabet Incorporated (Google), TPG Rise Climate, Greenbelt Capital Partners
    Target
    Intersect Power, IPX Power
    Seller
    TPG Rise Climate, Greenbelt Capital Partners, Climate Adaptive Infrastructure, Greenbelt Capital Partners, Greenbelt Capital Partners
    Industry
    Energy
    Location
    United States
    Type
    Buyout

    Alphabet’s Google has acquired Intersect Power for $4.75 billion in cash plus the assumption of debt. The transaction includes Google acquiring Intersect’s digital power assets and a carve-out/spinout of grid-tied clean energy assets into a newly formed independent power producer, IPX Power.

  • Buyer
    Saber Power Services, LLC, Greenbelt Capital Partners
    Target
    inoLECT, LLC
    Type
    Addon

    Saber Power Services, a portfolio company of Greenbelt Capital Partners, has acquired inoLECT, LLC, an electrical engineering and field services firm headquartered in Baton Rouge, Louisiana. The add-on expands Saber Power's presence in Louisiana, enhances its engineering-led capabilities, and adds proprietary technology such as the inoRAC remote racking system.

  • Buyer
    Endeavour Capital, Greenbelt Capital Partners
    Target
    CTC Global Corporation
    Industry
    Energy

    Endeavour Capital and Greenbelt Capital Partners have completed a strategic growth investment in CTC Global Corporation, a California-based manufacturer of advanced composite conductor cores for high-voltage transmission lines. The capital will support CTC's global commercialization and capacity expansion of its ACCC Conductor and InfoCore System to help utilities modernize transmission infrastructure and integrate more renewable generation.

  • Buyer
    Greenbelt Capital Management L.P., Schroders Capital (funds), StepStone Group (funds), Wafra Inc.
    Target
    Saber Power Services, LLC
    Seller
    Funds managed by Oaktree Capital Management, L.P.
    Industry
    Energy
    Type
    Buyout

    An investor group led by Greenbelt Capital Management, alongside funds managed by Schroders Capital, StepStone Group and Wafra Inc., has completed the acquisition of Saber Power Services from funds managed by Oaktree Capital Management. Saber’s management will retain a significant stake, and Blackstone Credit provided debt and equity financing to support the transaction; the Houston-area electrical infrastructure services firm will partner with Greenbelt to accelerate growth in grid modernization and energy-transition markets.

  • Buyer
    Greenbelt Capital Partners, Trilantic Energy Partners II (North America) L.P.
    Target
    Unirac, Inc.
    Seller
    Tenex Capital Management
    Industry
    Renewable Energy

    Greenbelt Capital Partners led a majority recapitalization of Unirac, Inc., with investment participation from Trilantic Energy Partners II and related funds. Existing sponsor Tenex Capital Management and key members of Unirac's management will retain a significant ownership stake; the transaction will support product development, supply‑chain resiliency and continued growth in the residential and commercial solar racking market.

  • Buyer
    Greenbelt Capital Partners, Trilantic Energy Partners II North America, Blackstone Credit, Energy Impact Partners (EIP)
    Target
    ION Solar, LLC
    Industry
    Renewable Energy

    Greenbelt Capital Partners led a growth investment in ION Solar alongside Trilantic (Trilantic Energy Partners II North America), Blackstone Credit and Energy Impact Partners. ION Solar founders will retain majority ownership as the company uses the capital to expand geographically and into adjacent residential energy products such as storage and EV charging.

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