LLCP takes growth stake in utility adviser Concentric Energy Advisors
What's the deal? Levine Leichtman Capital Partners (LLCP)Dealroom has a profile for this one. Try Dealroom → has completed a growth investment in Concentric Energy AdvisorsDealroom has a profile for this one. Try Dealroom →, a consulting and advisory firm serving the North American utility and energy industry, in partnership with the company's management. Financial terms were not disclosed.
The details: Founded in 2002 and based in Marlborough, Massachusetts, Concentric advises electric, gas, and water utilities and infrastructure investors, with particular expertise in rate cases and regulatory proceedings. Its services span cost of capital, revenue requirement, rate design, transaction support, and regulatory strategy.
The firm keeps its existing leadership — chief executive officer Danielle Powers, President Dan Dane, and Founder and Chairman John J. Reed — and employees retain a substantial ownership stake. Concentric is the 11th platform investment in LLCP Lower Middle Market Fund III.
What's the endgame? LLCP wants to scale the business through adjacent utility services, senior hiring, and acquisitions. "We see significant opportunities to build on the Company's strong foundation by expanding into adjacent utility service areas, recruiting additional senior talent, and pursuing strategic acquisitions," said Matthew Rich, a partner at LLCP.
Why now? Utilities are investing at record levels to modernise and expand the electric grid to meet rising power demand, and they lean on independent advisers to navigate regulation. "Concentric is well-positioned to benefit from these long-term trends," said Ted Jeon, a managing director at LLCP.
Concentric's recent work underscores that demand. In September 2026, Duke EnergyDealroom has a profile for this one. Try Dealroom → retained the firm to study the acquisition and separation of St. Petersburg's electric system in Florida, while a June paper for the Edison Electric InstituteDealroom has a profile for this one. Try Dealroom → examined the US grid as critical national infrastructure.
The signal: The deal fits a wave of private-equity interest in specialist utility and power-sector advisers. Littlejohn & Co.Dealroom has a profile for this one. Try Dealroom → backed GDS AssociatesDealroom has a profile for this one. Try Dealroom → in March 2026, and New Mountain CapitalDealroom has a profile for this one. Try Dealroom →-backed Commonwealth Associates merged with RRCDealroom has a profile for this one. Try Dealroom → in late October — pointing to investor appetite for scaling power-services platforms as grid investment accelerates.
Read more: prnewswire.com
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