Drax has acquired 3 companies, including 1 in the last 5 years.
Drax’s largest acquisition to date was in 2021, when it acquired Pinnacle Renewable Energy for $632M. Drax has acquired in 2 countries. The Company’s most targeted sectors include utilities (67%) and renewable energy (34%).
Drax Power Station,
Selby,
YO8 8PH
United Kingdom,
+44 17 5761 8381
www.drax.com
| Date | Target |
Value
$mlns |
Transaction Type | Acquirer | Seller |
SRC
Link |
||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021-02-08 |
Pinnacle Renewable Energy · Renewable Energy
Richmond, British Columbia · www.pinnaclepellet.com Pinnacle Renewable Energy is a producer of industrial wood pellets in the world. Pinnacle Renewable Energy's products are used to displace fossil fuels in the production of baseload electrical power in key markets around the world. Pinnacle Renewable Energy operates nine production facilities in Western Canada and one in Alabama, with one additional facility under construction in Alabama and more in development. Pinnacle Renewable Energy was founded in 1989 and is based in Richmond, British Columbia.
|
632
26.0x EBITDA 1.8x REVENUE |
Add-on Acquisition |
Drax
|
- |
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