M&A Deal Summary

Algonquin Acquires AirSource Power Fund I

On August 10, 2006, Algonquin acquired renewable energy company AirSource Power Fund I

Acquisition Highlights
  • This is Algonquin’s 1st transaction in the Renewable Energy sector.
  • This is Algonquin’s 1st transaction in Canada.
  • This is Algonquin’s 1st transaction in Ontario.

M&A Deal Summary
Date 2006-08-10
Target AirSource Power Fund I
Sector Renewable Energy
Buyer(s) Algonquin
Deal Type Add-on Acquisition

Target

AirSource Power Fund I

Oakville, Ontario, Canada
AirSource Power Fund I LP engages in the development of a wind energy project in Canada. The project, known as St. Leon wind energy project, is located near the Town of St. Leon, Manitoba.

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Buyer(S) 1

Buyer

Algonquin

Oakville, Ontario, Canada
Category Company
Founded 1988
Sector Renewable Energy
Employees3,946
Revenue 2.7B USD (2023)
DESCRIPTION

Algonquin is a renewable energy and regulated utility company with assets across North America. The Corporation actively invests in hydroelectric, wind and solar power facilities, and sustainable utility distribution businesses (water, electricity and natural gas) through its two operating subsidiaries. Algonquin Power Company owns a direct or indirect equity interest in 20 hydroelectric generating facilities, 5 wind energy facilities, and 7 thermal energy facilities. Algonquin was founded in 1988 and is based in Oakville, Canada.

DEAL STATS #
Overall 2 of 17
Sector (Renewable Energy) 1 of 10
Type (Add-on Acquisition) 1 of 4
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-21 Beaver Falls I & II power project

New York, United States

Beaver Falls I & II power, a power project which is engaged in the generation of power with 2MW capacity.

Buy $850K
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-12 WPS Canada Generation

Caribou, Maine, United States

WPS Canada Generation, Inc. provides electricity services and operates as a subsidiary of WPS Power Development, Inc.

Buy -
Mergr

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