Olympus Power and its affiliates invest in the acquisition, development, ownership, and operation of power generation projects (including operating, greenfield and brownfield projects). Typically, this is done through subsidiaries or partnerships with private companies that develop, design, provide or facilitate proven technology-based products and services that are applicable to the energy industry or its customers; or energy-related companies or assets having renewable or environmentally beneficial attributes.
Our primary strategy focuses upon the acquisition of operating assets and projects in varied stages of development, through negotiated transactions and select auction processes within North America. Olympus invests in existing energy-generation assets with a target investment size between $5 million to $100 million per transaction. Olympus Power may invest a substantial part, if not all, of the required equity in smaller transactions and will seek to partner with its longstanding network of strategic and financial industry participants, as well as financial institutions in larger transactions.
Investment Committee approval criteria will generally include:
- profitability throughout an industry/economic cycle
- identifiable risks which can be hedged or mitigated
- relationship-referred and/or privately negotiated transactions
- barriers to entry allowing protection of such capability (e.g., market share, intellectual property position and industry fundamentals)
- organic growth and expansion prospects of the asset or company