Key Takeaways
- • Energy Capital Partners (ECP), the infrastructure platform owned by Bridgepoint Group, has agreed to sell low-carbon ethanol producer Harvestone Low Carbon Partners to agricultural group Andersons for $915m, according to The Wall Street Journal.
- • The deal expands Andersons' renewable fuels platform by more than 40%, adding approximately 215 million gallons of annual ethanol capacity.
- • Harvestone's three facilities in North Dakota and Indiana bring the combined group's production capacity to approximately 730 million gallons annually.
- • Andersons will fund the acquisition with $300m drawn from its existing revolving credit facility and approximately $615m in new long-term debt.
- • The transaction is expected to close in late 2026 or early 2027 and marks an exit for ECP from a US renewable fuels investment.
Summary
Energy Capital Partners (ECP), the infrastructure investment platform owned by Bridgepoint Group, has agreed to sell US low-carbon ethanol producer Harvestone Low Carbon Partners to agricultural group Andersons for $915m, according to a report by The Wall Street Journal.
The acquisition will expand Andersons' renewable fuels platform by more than 40%, adding approximately 215 million gallons of annual ethanol production capacity. Harvestone operates three ethanol production facilities across North Dakota and Indiana, which would bring the combined group's production capacity to approximately 730 million gallons annually.
Andersons plans to finance the transaction through $300m of borrowings under its existing revolving credit facility and approximately $615m in additional long-term debt. The deal is expected to close in late 2026 or early 2027.
The sale represents an exit for ECP from a US renewable fuels investment. The transaction reflects continued activity among infrastructure investors assessing portfolio realisations amid demand for lower-carbon energy and agricultural processing assets.
The acquisition will expand Andersons' renewable fuels platform by more than 40%, adding approximately 215 million gallons of annual ethanol production capacity. Harvestone operates three ethanol production facilities across North Dakota and Indiana, which would bring the combined group's production capacity to approximately 730 million gallons annually.
Andersons plans to finance the transaction through $300m of borrowings under its existing revolving credit facility and approximately $615m in additional long-term debt. The deal is expected to close in late 2026 or early 2027.
The sale represents an exit for ECP from a US renewable fuels investment. The transaction reflects continued activity among infrastructure investors assessing portfolio realisations amid demand for lower-carbon energy and agricultural processing assets.
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