M&A Deal Summary

Atlas Holdings and Castleton Commodities International Acquire Granite Shore Power

On October 12, 2017, private equity firm Atlas Holdings and Castleton Commodities International acquired utilities company Granite Shore Power

Acquisition Highlights
  • This is Atlas Holdings’ 1st and Castleton Commodities International’s 1st transaction in the Utilities sector.
  • This is Atlas Holdings’ 19th and Castleton Commodities International’s 4th transaction in the United States.
  • This is Atlas Holdings’ 1st and Castleton Commodities International’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2017-10-12
Target Granite Shore Power
Sector Utilities
Buyer(s) Atlas Holdings
Castleton Commodities International
Deal Type Joint Venture

Target

Granite Shore Power

Bow, New Hampshire, United States
website
Granite Shore Power is comprised of five generating assets in New Hampshire formerly owned by Public Service Company of New Hampshire (PSNH) d/b/a Eversource Energy. These facilities include Merrimack Station in Bow, Newington Station in Newington, Schiller Station in Portsmouth and combustion turbines located in Northumberland and Tamworth.

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Buyer(S) 2

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

website

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 23 of 35
Sector (Utilities) 1 of 1
Type (Joint Venture) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 19 of 29
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 Millar Western Forest Products

Edmonton, Alberta, Canada

Millar Western is an Alberta-based forest products company that has been in business for more than a century. Millar Western is a producer of specialty high-yield pulp for global markets and lumber for North American markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Erickson Construction

Chandler, Arizona, United States

Erickson Construction Co., Inc. is a construction services and pre-fabricated building products company. It provides turnkey framing services, framing packages, trusses, and other products to builders and developers. Erickson Construction Co., Inc. was founded in 1975 and is based in Chandler, Arizona.

Sell -
Buyer

Castleton Commodities International

Stamford, Connecticut, United States

website

Category Company
Founded 1997
Sector Financial Services
DESCRIPTION

Castleton Commodities International LLC is a commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets.

DEAL STATS #
Overall 4 of 7
Sector (Utilities) 1 of 1
Type (Joint Venture) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 4 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 EDF Trading Resources - East Texas Assets

Texas, United States

EDF Trading Resources - East Texas Assets is a provider of oil and gas exploration services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-24 NorTex Midstream Partners

Houston, Texas, United States

NorTex Midstream Partners is an independently owned developers and operators of high-deliverability, multi-cycle natural gas storage capacity. NorTex was founded in 2007 and is based in Houston, Texas.

Buy -
Mergr

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