Capital Power - M&A Summary and Business Overview

Renewable EnergyCompany

Capital Power M&A Summary

Capital Power has acquired 5 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

Capital Power’s largest acquisition to date was in 2011, when it acquired Bridgeport Energy for $355M. It’s largest disclosed sale occurred in 2013, when it sold New England Independent System Operator to Emera for $541M. Capital Power has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include utilities (60%) and renewable energy (40%).

Capital Power Business Overview

Where is Capital Power headquartered?

Capital Power is headquartered in Edmonton, Alberta.

What is Capital Power’s revenue?

Capital Power disclosed revenue of 1,857M CAD for 2021 and 1,881M CAD for 2020.

How many employees does Capital Power have?

Capital Power has 793 employees.

What sector is Capital Power in?

Capital Power is a renewable energy company.

When was Capital Power founded?

Capital Power was founded in 1891.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity5
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6

Capital Power

Capital Power Corp.

10423 101 Street N.W. Suite 1200,
Edmonton, Alberta T5H 0E9
Canada,
(780) 392-5100
www.capitalpower.com

Capital Power is a growth-oriented North American power producer. The company develops, acquires, operates and optimizes power generation from a variety of energy sources.Capital Power owns more than 2,600 megawatts of power generation capacity at 14 facilities across North America and owns 371 megawatts of capacity through a power purchase agreement. An additional 490 megawatts of owned generation capacity is under construction in Alberta and Ontario. Capital Power was incorporated in 1891 and is based in Edmonton, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - - 1 - - 5
vol $562M $562M
Sell (0.0/yr) # 3 - - - - - 3
vol $541M $541M
  8

Most Recent M&A

Company Date Value Type
Midland Cogeneration Venture LP 2022-07-12 - Add-on Acquisition
Midland, Michigan
New England Independent System Operator 2013-11-19 541M USD Divestiture
, United States
Bridgeport Energy LLC 2013-11-19 - Divestiture
Bridgeport, Connecticut
Halkirk I Wind Project L.P. 2011-07-20 - Add-on Acquisition
, Canada
Capital Power Income L.P. (CPILP) 2011-06-20 - Divestiture
Edmonton, Alberta · www.capitalpowerincome.ca
Bridgeport Energy LLC 2011-03-08 355M USD Add-on Acquisition
Bridgeport, Connecticut
New England Independent System Operator 2011-02-17 - Add-on Acquisition
, United States
Island Generation Facility 2010-08-03 207M USD Divestiture
Campbell River, British Columbia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 3 (60%) 355M (63%) 2 (67%) 541M (100%)
Renewable Energy 2 (40%) 207M (37%) 1 (33%) -
Total 5 $562M 3 $541M

By Geo

State/Country Buy Value Sell Value
United States 3 355M 2 541M
  Connecticut 1 355M 1 -
  Michigan 1 - - -
Canada 2 207M 1 -
  British Columbia 1 207M - -
  Alberta - - 1 -
Domestic 2 (40%) 207M (37%) 1 (33%) -
Cross-border 3 (60%) 355M (63%) 2 (67%) 541M (100%)
Total 5 $562M 3 $541M

Deal Values

buy # Total
$100M to $1B 2 $562M
TOTAL $562M
Largest Bridgeport Energy LLC
$355M (2011-03-08)
sell # Total
$100M to $1B 1 $541M
TOTAL $541M
Largest New England Independent System Operator
$541M (2013-11-19)

M&A Connections

Deals
Acquired from
Investor(s)
40%
2 (40%)
Strategic(s)
20%
1 (20%)
Divested to
Strategic(s)
100%
3 (100%)

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