CohnReznick Capital Announces the Sale of sPower to AES Corporation & AIMCo
CohnReznick Capital is pleased to announce the successful sale of FTP Power LLC (“sPower”), the largest independent utility scale solar owner, operator and developer in the United States to the AES Corporation (NYSE: AES) and Alberta Investment Management Corporation (“AIMCo”). AES and AIMCo will each own approximately 50% equity interest in sPower.
Barclays served as the lead financial advisor and global coordinator to sPower for the transaction. CohnReznick Capital Markets Securities, Marathon Capital, and Citi also served as co-advisors to sPower.
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