Divestiture • Energy Services and Equipment

Atlantic Power Acquires Ridgeline Energy

On December 31, 2012, Atlantic Power acquired energy services and equipment company Ridgeline Energy from Veolia Environnement

Acquisition Context
  • This is Atlantic Power’s 1st transaction in the Energy Services and Equipment sector.
  • This is Atlantic Power’s 3rd transaction in the United States.
  • This is Atlantic Power’s 2nd transaction in Washington.

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M&A Deal Summary

Date December 31, 2012
Target Ridgeline Energy
Sector Energy Services and Equipment
Buyer(s) Atlantic Power
Sellers(s) Veolia Environnement
Deal Type Divestiture
Advisor(s) Marathon Capital (Financial)

Target Company

Ridgeline Energy

Seattle, Washington, United States
Rdgeline Energy, a specialist in the development of wind energy projects.
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Buyer Overview 1

Buyer

Atlantic Power

Dedham, Massachusetts, United States

Category Company
Founded 2004
Sector Utilities
Employees266
Revenue 282M USD (2019)
DESCRIPTION

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.


Deal Context for Buyer #
Overall 4 of 4
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 3 of 3
State: Washington 2 of 2
Country: United States 3 of 3
Year: 2012 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-16 Ridgeline Energy Holdings

Seattle, Washington, United States

Ridgeline Energy Holdings, Inc. is a renewable power development company. Ridgeline Energy currently has a wind and solar development pipeline of more than 20 projects in the U.S. totaling approximately 1,000 MW. Planned development expenditures in 2013 are focused on near-term opportunities where PPAs can be obtained quickly, including solar sites where investment tax credits remain available and construction could be completed as early as the first quarter of 2014.

Buy $88M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Gregory Cogeneration Plant - Corpus Christi

Corpus Christi, Texas, United States

Gregory cogeneration plant provides steam, processed water and a small percentage of its electrical generation to the Corpus Christi Sherwin Alumina plant.

Sell $244M

Seller Profile 1

SELLER

Veolia Environnement

Paris, France

Category Company
Founded 1853
Sector Consumer Services
Employees202,332
Revenue 44.7B EUR (2024)
DESCRIPTION

Veolia Environnement provides industrial cleaning, mechanical and maintenance services, and environmental waste management solutions. Veolia Environnement was founded in 1853 and is based in Paris, France.


Deal Context for Seller #
Overall 3 of 6
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 3 of 6
State: Washington 2 of 2
Country: United States 3 of 4
Year: 2012 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-16 Ridgeline Energy Holdings

Seattle, Washington, United States

Ridgeline Energy Holdings, Inc. is a renewable power development company. Ridgeline Energy currently has a wind and solar development pipeline of more than 20 projects in the U.S. totaling approximately 1,000 MW. Planned development expenditures in 2013 are focused on near-term opportunities where PPAs can be obtained quickly, including solar sites where investment tax credits remain available and construction could be completed as early as the first quarter of 2014.

Sell $88M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-25 Compagnie Generale des Eaux - Consultadoria e Engenharia S.A.

Lisbon, Portugal

Compagnie Generale des Eaux (Portugal) - Consultadoria e Engenharia, S.A. provides water supply in Portugal.

Sell $121M