Tom Gerlacher

Houlihan Lokey is pleased to present its latest Equipment-as-a-Service Market Update.   The Equipment-as-a-Service team covers a wide range of business models, including traditional equipment rental, specialty equipment rental, route-based equipment services, transportation equipment services, vehicle fleet management, equipment dealerships, asset pooling services and infrastructure and municipal equipment services. Find out more in our latest market update here: https://lnkd.in/eqjJRqbz

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On October 23, Moelis’s Arash Nazhad, who co-leads the Clean Technology Group, will speak at FT Live’s Energy Transition Summit 2024. He will join a panel to discuss the critical role of energy storage in supporting renewable energy growth, highlighting the need for significant investment and government policies to scale up long-duration storage. The panel will also explore strategies for co-locating storage with generation and the approaches developers are taking to meet future energy demands. #FTEnergy #CleanTech #EnergyTransition Click here to learn more: https://bit.ly/3NpMzHO

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Constant change in key areas across the energy transition is being driven by rapid innovation and a continuing influx of capital. M&A activity continues in the renewables and distributed energy sector, driven by trends such as storage at the forefront, increasing power demand, reshoring initiatives, and more. Our Q2 brief discusses these trends and other M&A insights, including select transactions and the market landscape. https://lnkd.in/eQjEBTkK

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Our latest article explores the strategic shifts enhancing resilience and growth in the Chemical and Materials industry. Check it out and share your thoughts! Feel free to reach out to the Balmoral Advisors team to explore further.

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M&A market conditions in chemicals and specialty materials continue to improve heading into 2H24, albeit with continued pent-up supply of assets regaining TTM momentum. Key themes across the sector include constructive financing markets, ongoing corporate portfolio optimization, and geopolitical and regulatory considerations between the U.S. and China. Our Q2 brief shares more on these trends and other insights in the chemical and specialty materials space. https://lnkd.in/dcyvAidV

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Constant change in key areas across the energy transition is being driven by rapid innovation and a continuing influx of capital. M&A activity continues in the renewables and distributed energy sector, driven by trends such as energy storage at the forefront, increasing power demand, repowering initiatives, and more. Our Q3 brief discusses these trends and other M&A insights, including select transactions and public market observations.

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After raising nearly $1B in capital in recent months, some acquisitions are especially fulfilling - this one being the case. But, first, a thanks and brief recap. In a stage in life I’ve come to learn as 'post-achievement,' my good friend Damien Rocchi told me recently: “Jeff, you may not feel the need to share what’s been going on in your world, but there are probably many people who would like to know because they care about you.” Thank you, Damien, for the wisdom and kindness. Now, for the recap. Hard to believe, but this year marks a decade since I signed the contracts governing the sale of my former company to Baker Tilly. The years following the merger brought great experiences, scale and phenomenal people into my life - both professionally and personally. Lots of good decisions (and some mistakes) that led to a tremendous journey which included: * The privilege to work and create value across 100+ countries * Effecting large-scale, positive impact spanning multiple industry sectors, companies and the teams within them * The invitation to consider the global CEO role for a $4B organization If someone told me in 2014 that this is what would be ahead, I may not have believed it. The years since the merger were indeed great - and the people even better. My hope during the time we worked together is that I brought each of them some small measure of the significant enrichment they brought me. As in life, one’s career has seasons. In 2020 it was time for a new one to begin in mine - even if such change would not be immediate. In long being a 'free agent' post-close in the sale of my company, the pandemic marked a point of observation, reflection and clarity: it was time for a change. Specifically, it was time to return to industry as CEO through acquisition, with a focus on sectors aligned with my experience. The aim: find a company that does good work but facing an evolutionary hurdle - whether in leadership succession gap, growth, recapitalization or otherwise. Once identified, acquire it, lead it and honor the legacy of those who founded it by generating outsized market value and positive impact post-close. And to such work I took, starting in earnest in mid-2022 and joining forces with a small but mighty group of great people. Together, we raised nearly $1B of capital in support of single asset fund deals where we could lend our experience in turning good companies to into great ones. While there have been many deals in recent months, one where I can combine my love for healthy company cultures with my passion for value-creation and all things tech, mobility, space and the conquest of flight, this is an especially fun one share. Heartfelt thanks to those of you who have been part of the journey thus far, and who continue to be part of it going forward. Means a great deal. Excel always and in all ways - and keep in touch. https://lnkd.in/dsGiYnD2

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M&A activity across the utility services and power products sector continues to be driven by increasing demand, renewable energy integration, and significant capital investments. As energy usage continues to evolve and expand, demand will remain strong for providers that create, implement, and manage energy efficiency initiatives. We share more on these and other utility services and power products insights in our Q4 brief.

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Energy Industry Insight Constellation, one of the biggest retail energy providers in the U.S., just unveiled their latest earnings report with an intriguing breakdown of their load served by region. The details shed light on regional power dynamics and trends that are shaping the future of energy distribution in America. The data revealed surprising insights—challenging assumptions and showcasing where demand is surging and shifting. What region in their breakdown surprised you the most? What do you think this means for the retail energy market going forward? Let’s discuss. #EnergyInsights #RetailEnergy #MarketTrends #ConstellationEnergy https://lnkd.in/gKmnGWWt

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Constant change in key areas across the energy transition is being driven by rapid innovation and a continuing influx of capital. M&A activity continues in the renewables and distributed energy sector, driven by trends such as storage at the forefront, increasing power demand, reshoring initiatives, and more. Our Q2 brief discusses these trends and other M&A insights, including select transactions and the market landscape. https://lnkd.in/eSZw3Dhm

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Explore eight key questions on energy transition investment and the organizations shaping the future of energy

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Westwood's Energy & Real Assets team has been discussing the need for more natural gas to fuel AI data center demand, and the recent $50 billion partnership between KKR and Energy Capital Partners (ECP) to fund large-scale power generation and data center infrastructure projects across the U.S. confirms our thesis. This joint venture is aimed at addressing the surging energy needs of artificial intelligence (AI) and cloud computing. ECP, which owns Calpine—one of the nation’s largest power generators and a significant player in both conventional and renewable energy—will leverage its expanded portfolio of natural-gas-fired plants to provide the reliable, around-the-clock power that AI-driven data centers require. While Calpine’s natural gas assets offer immediate scalability to meet AI demand, this dependence on gas also creates a sustainability challenge for tech firms balancing rapid AI expansion with carbon reduction commitments. Read our recent Insights post on the intersection of midstream energy and data centers to learn more: https://bit.ly/4f9ZZDY #Energy #DataCenters #AI

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Several dynamics are driving increased demand for a range of services, products, and technology within the electric infrastructure value chain. Our latest article explores these trends and shares recent Harris Williams clients that exemplify the sector’s growing M&A potential.

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Dunn Rush & Co.'s latest report explores the urgent challenges in North America's utilities, infrastructure, and telecom sectors, including aging systems and the growing need for proactive maintenance. I'm happy to discuss the findings or answer any questions—feel free to reach out!

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In a strategic move, Blackstone enters a $3.5 billion joint venture with EQT Corporation, stepping into the world of natural gas and energy infrastructure. Here are the key insights: - Blackstone acquires a non-controlling stake in EQT’s midstream energy assets, including significant pipelines. Think of these pipelines as highways moving energy efficiently. - Funding comes via Blackstone's credit arm, highlighting the growing trend of alternative financing over traditional banks. - For EQT, this deal brings financial relief, reducing net debt from $13.7 billion to $9 billion. It's akin to shedding weight to boost agility. - The focus is on energy infrastructure to support AI and data center power demands, underscoring natural gas's upcoming role. - Blackstone is broadening its third-party credit services, using this partnership as a springboard for future ventures. Key Takeaway: Innovative financing methods are reshaping traditional energy sectors. How do you see alternative financing impacting industry transformation in other sectors? Share your thoughts and join the discussion.

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The need for energy efficiency programs is increasing as the demand for power continues to rise. With energy usage continuing to evolve and expand, demand will remain strong for outsourced providers that create, implement, and manage energy efficiency initiatives. Recent Harris Williams client CLEAResult exemplifies this opportunity which we discuss further in our latest article regarding the energy space and factors generating investor interest.

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The need for energy efficiency programs is increasing as the demand for power continues to rise. With energy usage continuing to evolve and expand, demand will remain strong for outsourced providers that create, implement, and manage energy efficiency initiatives. Recent Harris Williams client CLEAResult exemplifies this opportunity which we discuss further in our latest article regarding the energy space and factors generating investor interest.

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The Engineering Multiplier Program (EMP) aims to boost U.S. exports by supporting pre-project work undertaken by U.S. engineers, designers, architects, and environmental analysts. This initiative finances feasibility studies, design, engineering, and environmental services to pave the way for future U.S. equipment supply and construction contracts. Learn more about how EMP drives the export of U.S. goods and services #Engineering #Exports #USBusiness #Finance #FundingResources #Capital #IGACapital

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