M&A Deal Summary

ENGIE Acquires FirstLight Power Resources

On December 29, 2008, ENGIE acquired energy services and equipment company FirstLight Power Resources from ECP

Acquisition Highlights
  • This is ENGIE’s 1st transaction in the Energy Services and Equipment sector.
  • This is ENGIE’s 2nd transaction in the United States.
  • This is ENGIE’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2008-12-29
Target FirstLight Power Resources
Sector Energy Services and Equipment
Buyer(s) ENGIE
Sellers(s) ECP
Deal Type Add-on Acquisition

Target

FirstLight Power Resources

Hartford, Connecticut, United States
website
FirstLight Power Resources Inc. (formerly NE Energy Inc.) owns and operates a portfolio of 15 high-quality power plants in Massachusetts and Connecticut, representing more than 1,440 megawatts of generating capacity. It includes two pumped storage stations, 11 hydro stations, one coal-fired power plant and one oil-fired internal combustion peaker.

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Buyer(S) 1

Buyer

ENGIE

Courbevoie, France

website

Category Company
Founded 1880
Sector Utilities
Employees171,000
Revenue 93.9B EUR (2022)
DESCRIPTION

ENGIE is a French utility company. GDF provides electricity generation and distribution, natural gas and renewable energy. ENGIE was founded in 1880 and is based in Courbevoie, France.

DEAL STATS #
Overall 4 of 31
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 2 of 21
State (Connecticut) 1 of 1
Country (United States) 2 of 10
Year (2008) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-29 FirstLight Waterbury Generation

Waterbury, Massachusetts, United States

FirstLight Waterbury Generation provides 96 megawatts of flexible, fast-start natural gas power generation capacity to the New England region. FirstLight Waterbury Generation is in Waterbury, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-10 Utilicomm

Manchester, United Kingdom

Utilicomm is a national independent procurement and energy management consultancy. We provide a comprehensive and detailed advice service, totally suited to your needs that will enable us to procure and subsequently manage the best value business gas and electricity contracts on your behalf. Utilicomm is based in Manchester, United Kingdom.

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 2 of 23
Sector (Energy Services and Equipment) 1 of 7
Type (Add-on Acquisition) 2 of 11
State (Connecticut) 1 of 2
Country (United States) 2 of 22
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-29 FirstLight Waterbury Generation

Waterbury, Massachusetts, United States

FirstLight Waterbury Generation provides 96 megawatts of flexible, fast-start natural gas power generation capacity to the New England region. FirstLight Waterbury Generation is in Waterbury, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 PLH Group

Irving, Texas, United States

PLH Group provides full service construction and specialty contractor that serves the electric power line, pipeline, oil field electrical and industrial markets. PLH Group is based in Irving, Texas.

Buy -
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