A Locke Lord team led by Mike Malfettone (New York) represented Dichotomy Power LLC in the acquisition of hydroelectric assets on the Presumpscot River in Maine from Sappi North America, Inc., for an undisclosed value. Dichotomy plans to utilize the assets to increase renewable energy production. The deal is expected to close by the end of 2021, subject to regulatory and other approvals. Additional assistance was provided by Ben Cowan, Eric Larson, Mark Miller, Rachael Beavers (all of Houston), Bruce Grabow, Brittany Batts (both of Washington, D.C.), David Bogan (Boston and Hartford), Steve Bright (Boston) and Amanda Kane (New York).
Posted on June 22, 2021