M&A Deal Summary

ATCO Acquires Electricidad del Golfo

On December 21, 2017, ATCO acquired utilities company Electricidad del Golfo from Conduit Capital Partners for 90M USD

Acquisition Highlights
  • This is ATCO’s 1st transaction in the Utilities sector.
  • This is ATCO’s 2nd largest (disclosed) transaction.
  • This is ATCO’s 1st transaction in Mexico.

M&A Deal Summary
Date 2017-12-21
Target Electricidad del Golfo
Sector Utilities
Buyer(s) ATCO
Sellers(s) Conduit Capital Partners
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

Electricidad del Golfo

Veracruz, Mexico
Electricidad del Golfo is a hydroelectric power plants operating under the self-supply regime in Mexico and is fully contracted with high quality offtakers. The plant includes a small reservoir for the regulation and optimization of the Apatlahuaya River flows.

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Buyer(S) 1

Buyer

ATCO

Calgary, Alberta, Canada

website

Category Company
Founded 1947
Sector Utilities
Employees6,358
Revenue 4.3B CAD (2021)
DESCRIPTION

ATCO is a is a diversified global corporation delivering service in the business solutions ofStructures & Logistics, Electricity, Pipelines & Liquids and Retail Energy. ATCO was incorporated in 1947 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 2
Sector (Utilities) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (Mexico) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 TransAlta - Pioneer Pipeline

Calgary, Alberta, Canada

TransAlta Corp. - Pioneer Pipeline provides reliable natural gas supply to the Company's power generation stations at Sundance and Keephills.

Buy CA$255M

Seller(S) 1

SELLER

Conduit Capital Partners

Investor Investor Investor

website

Category Infrastructure
Founded 2003
PE ASSETS 650M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Conduit Capital Partners is a specialist private equity firm focused on investments in medium-sized independent electric power plants and pipelines located in Latin America and the Caribbean. The Firm looks to invest in projects valued from $60 million to $1 billion and will consider greenfield projects as well as acquisitions. Conduit Capital was formed in 2003 and manages funds originally launched by investment firm Scudder, Stevens & Clark in 1993. Conduit Capital is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Mexico) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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