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Marathon Capital Advises Black Bear Energy on Sale of Company to Legence, a Blackstone portfolio company

July 19, 2022


Utility Scale Clean Power


Mergers and Acquisitions

  • David Kirkpatrick

    Senior Managing Director & Head of West Coast

  • Sarah Nash


Marathon Capital, LLC (“Marathon Capital”) is pleased to announce it has advised Black Bear Energy (“Black Bear”), a technology-enabled, commercial buyer’s representative specializing in onsite renewable energy and cleantech services, on the sale of the company to Legence, a Blackstone portfolio company, and the world’s first Energy Transition Accelerator™. With five decades of expertise in the built environment, Legence has a proven track record of reducing carbon emissions, implementing renewables, lowering utility costs through efficiency consumption, and making systems run better at unmatched speed and scale. Marathon Capital acted as exclusive advisor to Black Bear on the transaction.




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