Atlantic Power - M&A Summary, Ownership, and Business Overview

UtilitiesCompany

Atlantic Power M&A Summary

Atlantic Power has acquired 4 companies of its own. A total of 1 acquisition came from private equity firms. It has also divested 4 assets.

Atlantic Power’s largest acquisition to date was in 2012, when it acquired Ridgeline Energy Holdings for $88M. It’s largest disclosed sale occurred in 2015, when it sold Atlantic Power Corp - Wind Portfolio to SunEdison for $347M. Atlantic Power has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include renewable energy (50%) and energy services and equipment (25%).

Atlantic Power Ownership

Who owns Atlantic Power?

Atlantic Power is owned by I Squared Capital. It was acquired on January 14, 2021.

Is Atlantic Power PE-backed?

Yes. Atlantic Power is owned by private equity investor I Squared Capital.

Was Atlantic Power formerly PE-backed?

Yes. Atlantic Power was formerly owned by 1 private investor.

Atlantic Power Business Overview

Where is Atlantic Power headquartered?

Atlantic Power is headquartered in Dedham, Massachusetts.

What is Atlantic Power’s revenue?

Atlantic Power disclosed revenue of 282M USD for 2019 and 282M USD for 2018.

How many employees does Atlantic Power have?

Atlantic Power has 266 employees.

What sector is Atlantic Power in?

Atlantic Power is an utilities company.

When was Atlantic Power founded?

Atlantic Power was founded in 2004.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity4
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9

Atlantic Power Corp.

3 Allied Drive Suite 155,
Dedham, Massachusetts 02026
United States,
(617) 977-2400
www.atlanticpower.com

Atlantic Power Corp. 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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $88M $88M
Sell (0.2/yr) # 3 - - - 1 - 4
vol $591M $591M
  8

Most Recent M&A

Company Date Value Type
Morris Cogeneration LLC 2023-12-19 - Divestiture
Morris, Illinois
Atlantic Power Corp - Wind Portfolio 2015-06-26 347M USD Divestiture
, United States
Gregory Cogeneration Plant - Corpus Christi 2013-08-07 244M USD Trade Sale
Corpus Christi, Texas
Ridgeline Energy LLC 2012-12-31 - Divestiture
Seattle, Washington · www.ridgelineenergy.com
Ridgeline Energy Holdings, Inc. 2012-11-16 88M USD Divestiture
Seattle, Washington
Primary Energy Recycling Holdings LLC 2012-02-16 - Stake Sale
Oak Brook, Illinois
Capital Power Income L.P. (CPILP) 2011-06-20 - Divestiture
Edmonton, Alberta · www.capitalpowerincome.ca
Epsilon Power, LLC 2005-09-01 - Add-on Acquisition
Carney's Point, New Jersey
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 2 (50%) 88M (100%) 2 (50%) 347M (59%)
Utilities 1 (25%) - 2 (50%) 244M (41%)
Energy Services and Equipment 1 (25%) - - -
Total 4 $88M 4 $591M

By Geo

State/Country Buy Value Sell Value
United States 3 88M 4 591M
  Washington 2 88M - -
  Illinois - - 2 -
  New Jersey 1 - - -
  Texas - - 1 244M
Canada 1 - - -
  Alberta 1 - - -
Domestic 3 (75%) 88M (100%) 4 (100%) 591M (100%)
Cross-border 1 (25%) - - -
Total 4 $88M 4 $591M

Deal Values

buy # Total
< $100M 1 $88M
TOTAL $88M
Largest Ridgeline Energy Holdings, Inc.
$88M (2012-11-16)
sell # Total
$100M to $1B 2 $591M
TOTAL $591M
Largest Atlantic Power Corp - Wind Portfolio
$347M (2015-06-26)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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