Energy Capital Partners (ECP), the infrastructure investment platform owned by Bridgepoint Group, has agreed to sell US low-carbon ethanol producer Harvestone Low Carbon Partners to agricultural group Andersons for $915m, according to Private Equity Wire. The agreement was reported by The Wall Street Journal and was published by Private Equity Wire on November 5, 2026, according to Private Equity Wire.
Transaction and financing structure
Andersons plans to finance the acquisition through $300m of borrowings under its existing revolving credit facility and approximately $615m in additional long-term debt, according to Private Equity Wire. The transaction is expected to close in late 2026 or early 2027, according to Private Equity Wire.
Asset footprint and capacity figures
The transaction will expand Andersons’ renewable fuels platform by more than 40%, adding approximately 215 million gallons of annual ethanol production capacity, according to Private Equity Wire. Harvestone operates three ethanol production facilities across North Dakota and Indiana, bringing the combined group’s production capacity to approximately 730 million gallons annually, according to Private Equity Wire.
Seller profile and deal framing
ECP is described as an infrastructure investment platform owned by Bridgepoint Group, according to Private Equity Wire. The sale represents an exit for ECP from a US renewable fuels investment, as infrastructure investors continue to assess opportunities for portfolio realisations amid demand for lower-carbon energy and agricultural processing assets, according to Private Equity Wire.
Widely-known context: Ethanol production capacity is commonly reported in gallons per year in US renewable fuels markets. Widely-known context: Revolving credit facilities and long-term debt are commonly used by corporate buyers to fund acquisitions.
