TAKKION TP&L Holdings LLC (“TAKKION” or the “Company”), a portfolio company of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) announced that it has acquired Broomfield, CO-based Harvest Energy Services, LLC (“Harvest”). Harvest is an independent services provider of operations and maintenance (“O&M”) solutions to the renewable energy industry.
TAKKION is a premier independent services provider supporting the energy transition. The acquisition of Harvest demonstrates the continued expansion of TAKKION’s capabilities in long-term O&M solutions for renewable energy markets. Harvest is TAKKION’s third significant acquisition in less than 18 months and expands TAKKION’s scale and capabilities in the wind services market.
Harvest acquisition expands TAKKION’s scale and capabilities in the wind services market
The Harvest team will join TAKKION’s leading logistics and O&M services companies: Transportation Partners and Logistics (“TP&L”), Global Specialized Services (“GSS”), RENEW, and AIRWAY SERVICES. The addition of Harvest will grow TAKKION’s wind O&M presence in North America, meaningfully enhancing TAKKION’s ability to provide comprehensive solutions for the evolving needs of the renewable energy supply chain. In particular, the Harvest acquisition expands TAKKION’s technical capabilities in blade repair, and adds a high throughput, state of the art training center in Broomfield, Colorado that will support continued hiring and job creation for the renewable energy industry.
“We are ecstatic to welcome Harvest to TAKKION. Harvest has a long history of performance and we are fortunate to incorporate the expertise of its employees into our businesses. We see compelling opportunities to expand the already market-leading scope of TAKKION’s services, leveraging Harvest’s skills and equipment. The acquisition of Harvest furthers our goal to be the strongest partner to companies across the renewable energy industry.” said Jim Orr, CEO of TAKKION.
Vinson & Elkins LLP acted as legal counsel to TAKKION in this transaction. Kirkland & Ellis LLP acted as legal counsel to Harvest.
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