Project Description

Lee Energy acquired by Mohegan Renewable Energy

Sale of Wood Pellet Manufacturing Facility

Ironline Advisors acted as exclusive advisor to Lee Energy Solutions of Crossville, Alabama, in its sale to Mohegan Renewable Energy, an affiliate of Mohegan Holding Company. Mohegan Renewable Energy provides wood pellets and other biomass products to the global markets under the ThermaGlo brand name.

The Crossville facility and Mohegan Renewable Energy’s facility in Jasper, Tennessee will produce and ship more than 180,000 tons of wood pellets domestically and internationally to major utilities each year. Mohegan Holding Company’s Northeast Wood Products subdivision will continue to operate plants in Peebles, Ohio and in Ligonier, Indiana.

About the Companies

Lee Energy Solutions

Lee Energy Solutions provides wood pellets and wood pellet-burning furnaces as an effective alternative to high-cost, low-efficiency heating methods. Nature’s Energy Premium Wood Pellets are produced in individual bags and bulk orders for the agricultural, commercial, residential and international utility markets. To learn more about Lee Energy Solutions, please visit www.leeenergysolutions.com.

Mohegan Renewable Energy and Mohegan Holding Company

Mohegan Renewable Energy, LLC (MRE) was formed in 2018 by Mohegan Holding Company, a business diversification entity of the Mohegan Tribe. MRE provides wood pellets and other biomass products to the global markets and operates plants in Alabama, Indiana, Ohio and Tennessee.

Mohegan Holding Company, LLC was created by the Mohegan Tribe for business diversification in non-gaming areas, and currently includes interests in franchise restaurants, sustainable energy resources and manufacturing, and office digital solutions. The Mohegan Tribe was founded on the banks of southeastern Connecticut’s Thames River by Chief Uncas in the early 17th century. After its federal recognition in 1994, the Tribe opened the world-class casino resort Mohegan Sun on its reservation land in Uncasville, CT in 1996. The nine-member Tribal Council serves as the leadership for the sovereign nation, and also serves as the Board of Directors for Mohegan Gaming & Entertainment (MGE) in regard to the Tribe’s gaming properties and interests. To learn more about Mohegan Renewable Energy and Mohegan Holding Company, please visit www.mohegan.nsn.us.

For additional information about this transaction, please contact: