M&A Deal Summary

Algonquin Acquires Beaver Falls I & II power project

On September 21, 2005, Algonquin acquired energy services and equipment company Beaver Falls I & II power project from Beaver Falls Hydro Associates for 850K USD

Acquisition Highlights
  • This is Algonquin’s 1st transaction in the Energy Services and Equipment sector.
  • This is Algonquin’s 7th largest (disclosed) transaction.
  • This is Algonquin’s 1st transaction in the United States.
  • This is Algonquin’s 1st transaction in New York.

M&A Deal Summary

Date 2005-09-21
Target Beaver Falls I & II power project
Sector Energy Services and Equipment
Buyer(s) Algonquin
Sellers(s) Beaver Falls Hydro Associates
Deal Type Divestiture
Deal Value 850K USD

Target

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.

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Buyer(S) 1

Buyer

Algonquin

Oakville, Ontario, Canada

website


Category Company
Founded 1988
Sector Renewable Energy
Employees3,445
Revenue 2.3B USD (2021)
DESCRIPTION

Algonquin is a growing 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 1 of 17
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 11
State (New York) 1 of 1
Country (United States) 1 of 13
Year (2005) 1 of 1
Size (of disclosed) 7 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-10 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.

Buy -

Seller(S) 1

SELLER

Beaver Falls Hydro Associates

Marcellus, New York, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Beaver Falls Hydro Associates,LLC a energy service company engaged in the generation of electricity.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1