M&A Deal Summary

Dynegy Acquires EquiPower Resources

On April 1, 2015, Dynegy acquired utilities company EquiPower Resources from ECP

Acquisition Highlights
  • This is Dynegy’s 3rd transaction in the Utilities sector.
  • This is Dynegy’s 3rd transaction in the United States.
  • This is Dynegy’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2015-04-01
Target EquiPower Resources
Sector Utilities
Buyer(s) Dynegy
Sellers(s) ECP
Deal Type Add-on Acquisition

Target

EquiPower Resources

Hartford, Connecticut, United States
website
EquiPower Resources Corp. is a power generation company with 1,244 MW of combined cycle gas turbine power plants:   Lake Road, a 3‐unit 812 MW facility commissioned in 2002 and located in Killingly, CT; MASSPOWER, a 2‐unit 264 MW facility commissioned in 1993 and located in Indian Orchard, MA; and Dighton, a single unit 168 MW facility commissioned in 1999 and located in Dighton, MA.   

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Buyer(S) 1

Buyer

Dynegy

Houston, Texas, United States

website

Category Company
Founded 1984
Sector Utilities
Employees2,591
Revenue 3.9B USD (2015)
DESCRIPTION
Entrance to Dynegy's corporate headquarters in Houston, Texas.
Entrance to Dynegy's corporate headquarters in Houston, Texas.

Dynegy, Inc. is a provider of wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities, and other energy companies across the US. Dynegy was formed in 1984 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 5
Sector (Utilities) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 3 of 5
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Brayton Point Holdings

Somerset, Massachusetts, United States

Brayton Point Holdings LLC is a fossil generating facility. The facility is an efficient, reliable, clean, and safe producer of electricity with a seasonal weighted capacity of 1,557 megawatts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 AtlasPower

Tijeras, New Mexico, United States

AtlasPower is a provider of superior expertise in the field of power system testing and commissioning. Company capabilities range from EHV substations to all forms of power producing facilities, including wind farms and solar projects.

Buy -

Seller(S) 1

SELLER

ECP

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.

DEAL STATS #
Overall 11 of 23
Sector (Utilities) 4 of 5
Type (Add-on Acquisition) 7 of 11
State (Connecticut) 2 of 2
Country (United States) 11 of 22
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Brayton Point Holdings

Somerset, Massachusetts, United States

Brayton Point Holdings LLC is a fossil generating facility. The facility is an efficient, reliable, clean, and safe producer of electricity with a seasonal weighted capacity of 1,557 megawatts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Terra-Gen

New York, New York, United States

Terra-Gen is a renewable energy company focused on geothermal, wind and solar generation. Terra-Gen owns 744 MW (net equity) in 18 operating renewable energy projects across the Western United States. Terra-Gen was founded in 2007 and is based in New York City.

Buy -
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