CCA Group stood out in 2019 among the financial advisory firms that specialize in tax equity transactions for their comprehensive solutions, client service and commercial nous, according to market participants surveyed by PFR.
“They are hands down the gold standard,” said one client. “They tell you exactly where in the model the flip structure is most beneficial to you.”
Founded in 2003 in Boston by James Stahle, Martin Pasqualini and Michael Quinlan, CCA quickly established itself as a leading force in a growing niche, and its expertise is increasingly also called for on M&A transactions involving complex tax equity structures.
“They would be my first choice,” said one attorney. “For high-level service and high-level solutions, I think CCA’s the best.”
In 2019, the firm’s most notable mandates included a financial advisory roles on Ares Management Corp’s 525 MW Aviator Wind project and 8minute Solar Energy’s 200 MW Holstein 1 solar project, both in Texas. The firm also advised Enel Green Power North America on the sale of a stake in an 812 MW wind portfolio to Harbert Management Corp.
Given CCA’s stellar reputation, it no surprise that Advanced Power, traditionally a gas-fired power developer, picked the firm to raise tax equity for its solar debut, a 300 MW project in Texas.
Judges highlighted Marty Pasqualini’s “market credibility” as a key asset of the firm, while James Stahle was described by developer as “super knowledgeable on the market” and an attorney said Megan Lawrence was “super impressive.” In 2019, the firm also announced the election of its first new partner in 10 years, Cornelius Jackson.
“They take it to the finish line,” added another lawyer. “And they’re very smart. They’re all over exactly how to structure the transaction. No one is of the same caliber.”
See all of the 2019/2020 awards