Pacolet Milliken Acquires Georgia Renewable Power Biomass Plants
Pacolet Milliken expands its biomass energy portfolio by acquiring Georgia Renewable Power, which operates two plants in northeast Georgia.
Pacolet Milliken, LLC, a sustainability-focused family investment firm headquartered in Greenville, South Carolina, has completed the acquisition of Georgia Renewable Power, adding two biomass power facilities in northeast Georgia to its growing clean energy portfolio, the company announced October 7, 2026.
Georgia Renewable Power owns and operates the two biomass plants, located in the Franklin area of northeast Georgia. The deal gives Pacolet full ownership — 100% — of the target company, deepening the firm's commitment to renewable energy infrastructure in the southeastern United States.
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The acquisition marks a deliberate expansion of Pacolet Milliken's biomass platform. As a family-owned investment firm with an explicit sustainability mandate, the company has positioned biomass energy — which generates power from organic materials such as wood waste — as a core component of its long-term investment thesis in the renewable sector.
Biomass power has drawn increased attention from private investors seeking stable, asset-backed returns in the energy transition, particularly in regions where agricultural and forestry byproducts are readily available. Northeast Georgia's timber industry provides a natural feedstock base that supports the operational economics of the acquired facilities.
Financial terms of the transaction were not disclosed. Continue reading at All Financial Services & Investing.
