M&A Deal Summary

ArcLight Capital Partners Acquires Black Bear Power

On January 1, 2006, infrastructure investor ArcLight Capital Partners acquired renewable energy company Black Bear Power

Acquisition Highlights
  • This is ArcLight Capital Partners’ 4th transaction in the Renewable Energy sector.
  • This is ArcLight Capital Partners’ 47th transaction in the United States.
  • This is ArcLight Capital Partners’ 1st transaction in Maine.

M&A Deal Summary

Date 2006-01-01
Target Black Bear Power
Sector Renewable Energy
Buyer(s) ArcLight Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Black Bear Power

West Enfield, Maine, United States
Black Bear Power, LLC owns a 50% interest in Bangor-Pacific Hydro Associates, a 13 MW run-of-the-river hydro generation facility that began commercial operations in 1988. The facility sells 100% of its output to Bangor Hydro Electric Company under a long-term power purchase agreement.

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Buyer(S) 1

Buyer

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2001
PE ASSETS 20.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.


DEAL STATS #
Overall 53 of 102
Sector: Renewable Energy M&A 4 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 27
State: Maine M&A 1 of 1
Country: United States M&A 47 of 87
Year: 2006 M&A 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Atlantic Power

Dedham, Massachusetts, United States

Atlantic Power is a power generation and infrastructure company with a well-diversified portfolio of assets in the United States and Canada. Atlantic Power was formed in 2004 and is based in Dedham, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-18 Venture Production

Aberdeen, United Kingdom

Venture Production is a new generation oil and gas company focused on recapturing the potential of stranded reserves in the U.K. North Sea.

Buy -