Levine Leichtman Capital Partners LLCP has made a growth investment in Concentric Energy Advisors. The deal values the utility consultancy as utilities invest at record levels to modernize and expand the electric grid. Chief executive Danielle Powers, president Dan Dane, and founder and chairman John J.
Reed will continue to lead the business. Ted Jeon, Managing Director at LLCP, stated that utilities rely on trusted independent advisors to navigate complex regulatory processes. The firm's case rests on rising utility capital expenditure as demand for power rises.
Source: PE Insights · Summarized by HeadlinesBriefing