Algonquin Mergers and Acquisitions Summary

Renewable EnergyCompany

Algonquin has acquired 17 companies, including 3 in the last 5 years.

Algonquin’s largest acquisition to date was in 2017, when it acquired Empire District Electric for $2.4B. Algonquin has acquired in 8 different US states, and 4 countries. The Company’s most targeted sectors include renewable energy (59%) and utilities (30%).

Join Mergr and gain access to Algonquin’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the renewable energy sector.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity17
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 9
  • M&A Advisors 4

Algonquin

Algonquin Power & Utilities Corp.

354 Davis Rd,
Oakville, Ontario L6J 2X1
Canada,
(905) 465-4500
www.algonquinpower.com

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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.6/yr) # 14 1 - 1 1 - 17
vol $2.5B $2.4B $365M $5.3B
Sell (0.0/yr) # - - - - - - 0
  17

Most Recent M&A

Company Date Value Type
Empresa de Servicios Sanitarios de Los Lagos S.A. (ESSAL) 2020-09-11 - Stake Purchase
Los Lagos, Chile
Bermuda Electric Light Co. 2019-06-03 365M USD Add-on Acquisition
Hamilton, Bermuda · www.belco.bm
Empire District Electric Co. 2017-01-01 2.4B CAD Add-on Acquisition
Joplin, Montana · www.empiredistrict.com
The Odell wind power project 2014-09-04 - Divestiture
, Minnesota
Bakersfield Solar project 2014-05-13 2.2B USD Divestiture
Kern County,, California
Three wind power projects 2013-11-28 117M USD Stake Purchase
, United States
The Shady Oaks,LLC 2013-01-02 149M USD Divestiture
, Illinois
Shady Oaks Holdings LLC 2013-01-01 - Add-on Acquisition
, United States
Minonk wind farm 2012-10-09 - Divestiture
Minonk, Illinois
Sandy Ridge wind farm,LLC 2012-10-09 - Divestiture
, Pennsylvania
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Liberty Utilities Co.    - American Water Works Co., Inc. - New York American Water 2019-11-20 2
Avondale, Arizona · www.libertyutilities.com Merrick, New York
Liberty Utilities Co.    - New England Gas Co. 2013-12-20 1
Avondale, Arizona · www.libertyutilities.com Fall River, Massachusetts
California Pacific Electric Co.    - Electrical generation & distribution utility,LLC 2011-01-01 1
South Lake Tahoe, California · www.libertyutilities.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 10 (59%) 2.5B (47%) - -
Utilities 5 (29%) 2.4B (46%) - -
Electrical Equipment 1 (6%) 365M (7%) - -
Energy Services and Equipment 1 (6%) 850K (< 1%) - -
Total 17 $5.3B - -

By Geo

State/Country Buy Value Sell Value
United States 13 4.9B - -
  Illinois 2 149M - -
  Pennsylvania 1 - - -
  New York 1 850K - -
  Montana 1 2.4B - -
  Minnesota 1 - - -
  Maine 1 - - -
  California 1 2.2B - -
Canada 2 8M - -
  Ontario 2 8M - -
Bermuda 1 365M - -
Chile 1 - - -
Domestic 2 (12%) 8M (< 1%) - -
Cross-border 15 (88%) 5.3B (100%) - -
Total 17 $5.3B - -

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
1
Legal Deals
K&L Gates LLP
2
Husch Blackwell LLP
1
Conyers Dill & Pearman
1

Deal Values

buy # Total
> $1B 2 $4.6B
$100M to $1B 3 $631M
< $100M 2 $9M
TOTAL $5.3B
Largest Empire District Electric Co.
$2.4B (2017-01-01)

M&A Connections

Deals
Acquired from
Strategic(s)
71%
12 (71%)

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