Haynes Boone advised RRC Companies, a leading provider of engineering, consulting and field services for utility-scale renewable energy and power infrastructure projects, in connection with a majority investment from funds managed by New Mountain Capital, a growth-oriented investment firm.
New Mountain Capital’s investment is expected to accelerate RRC’s long-term growth, while allowing the company’s leadership team and employees to retain meaningful ownership. The transaction positions RRC to expand its capabilities and geographic reach as demand for renewable energy and grid infrastructure solutions continues to rise.
The Haynes Boone team advising RRC was led by Partner John McGowan, with support from Partners Lauren White, Raquel Alvarenga and Don Shiman, and Associates Eli Brook and Ryan Middleton. Texas Capital Securities served as financial advisor to RRC.
“RRC has established itself as a trusted partner in the renewable energy and power infrastructure markets,” said McGowan. “We appreciated the opportunity to advise RRC and its team on this investment and look forward to seeing the company’s continued success in partnership with New Mountain Capital.”
Founded in 2007, RRC delivers a comprehensive suite of engineering and field services supporting utility-scale renewable power generation and battery energy storage projects. The company serves a diverse customer base of leading asset owners, developers and contractors across the energy infrastructure sector.
Haynes Boone’s Mergers and Acquisitions Practice Group has comprehensive experience handling middle-market deals, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $50 billion.
The firm’s Finance Practice Group advises lenders and borrowers on a broad range of sophisticated financing transactions, including asset-based lending, senior bank debt, subscription financings, project finance, energy finance, prime brokerage, public finance and restructuring, workouts and recapitalizations. The group’s lawyers are recognized for their successful work for more than 200 commercial lending institutions and other capital providers, as well as for U.S. and foreign companies and their sponsors.
