Feb 20, 2019

Marathon Capital hires Utility Executive Diana Drysdale and Appoints Gary Greenblatt and Chuck Hinckley as Co-Heads of its New York City office

CHICAGO, IL – Marathon Capital, LLC (“Marathon Capital”) is pleased to announce that Diana Drysdale joins the firm as Senior Managing Director to focus on power and utility coverage, among other initiatives. She will work closely with Gary Greenblatt and Chuck Hinckley who were recently appointed Co-Heads of Marathon Capital’s New York City office.

Diana was most recently President of PSEG Power Ventures LLC where she was primarily responsible for the strategic growth and operations of the company’s unregulated renewable investments in energy storage, offshore wind and solar. As President of PSEG Solar Source, LLC she grew the company to include 24 utility scale solar plants in 14 states. In addition, she was responsible for the strategic optimization of PSEG Resources’ portfolio which included investments in commercial real estate, demand management and fossil power plants. Before joining PSEG, Diana held various positions at Limited Brands, Northeast Utilities, ENMAX Corporation, and TransAlta Corporation.

"I have admired and respected Ted and his team for many years and am delighted to be joining Marathon at such an exciting point in their strategic growth." – Diana Drysdale, Senior Managing Director.

Mr. Greenblatt, a veteran investment banker within the power, utility and infrastructure markets, has been instrumental to the growth of Marathon Capital’s industry coverage business during his eleven years with the firm. He will lead the New York team alongside Mr. Hinckley, a highly experienced energy and structured finance professional who has developed and financed more than 25 power plants across the globe. Mr. Hinckley initially joined Marathon Capital in 2018 with the acquisition of AWCC Capital, a renewable energy project and infrastructure real estate advisory business. Prior to founding and leading AWCC Capital, he was the founder and CEO of Noble Environmental Power, a wind power development company that currently operates over 700MW of installed wind capacity.

“The expansion of our New York office is a core strategy as the firm continues to grow and service a wide range of domestic and international clients. Diana’s hire will directly compliment this effort with her vast reach and experience across the energy space and we are honored to have her join our team. The appointment of Gary and Chuck as Co-Heads of the New York office will leverage Gary’s eleven years of experience with Marathon and Chuck’s experience building and managing organizations. Their collective knowledge and experience within our sectors are unmatched. We are excited for the continued growth of the Marathon team with this exceptional group of professionals onboard.” – Ted Brandt, Chief Executive Officer.

About Marathon Capital

Marathon Capital is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, capital raising of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the energy sector. Marathon Capital is a four-time recipient of the "Best Renewable Asset M&A Advisor" Award, "Renewable Generating Project Finance Deal of the Year" Award (2016) and first-time recipient of the "Best Asset M&A Advisor" (2017) in Power Finance & Risk's Annual Power Finance Deals and Firms Awards.