M&A Deal Summary

Enel Acquires AMP Resources

On March 20, 2007, Enel SpA acquired renewable energy company AMP Resources LLC from Sorenson Capital

Acquisition Highlights
  • This is Enel’s 1st transaction in the Renewable Energy sector.
  • This is Enel’s 1st transaction in Utah.

M&A Deal Summary

Date 2007-03-20
Target AMP Resources LLC
Sector Renewable Energy
Buyer(s) Enel SpA
Sellers(s) Sorenson Capital
Deal Type Add-on Acquisition

Target

AMP Resources LLC

Draper, Utah,
AMP Resources owns and develops geothermal power plants that use a proprietary, high efficiency heat transfer process to convert the earth's hot subsurface fluids to electrical power.

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Buyer(S) 1

Buyer

Enel SpA

Rome, Italy

website


Category Company
Founded 1962
SectorUtilities
Employees65,923
Revenue 62.4B EUR (2020)
DESCRIPTION

Enel is an electric utility operator in Italy. The Company is engaged in the generation, distribution and sale of electricity primarily in Europe. Enel was founded in 1962 and is based in Rome, Italy.


DEAL STATS #
Overall 1 of 7
Sector (Renewable Energy) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (Utah) 1 of 1
Country () 1 of 1
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-24 BLP Energy Pvt. Ltd.

New Delhi, India

BLP Energy Pvt. Ltd. is a clean energy generation company builds, owns and operates a renewable energy power plants to generate clean energy through renewable sources namely wind; solar; bio mass and hydro.

Buy €30M

Seller(S) 1

SELLER

Sorenson Capital

Lehi, Utah, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Sorenson Capital is a private equity firm that seeks to support buyout and growth capital financings of lower middle-market companies. Sorenson invests across a broad range of industries and generally pursues companies with significant market share, high barriers to entry, fragmented industry competition, motivated managment, and sustainable pricing and profit margins. Target businesses typically have sales of $30 to $300 million with earnings of $3 to $25 million. Sorenson's geographic preference is for opportunities in the Mountain West and West Coast regions of the US. Sorenson raised its inaugural fund in 2004 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 2 of 26
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 15
State (Utah) 2 of 12
Country () 1 of 1
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-31 LifePort, Inc.

Woodland, Washington, United States

LifePort, Inc. specializes in the manufacture of cabin components, mechanical devices, cabinetry and finished interior structures for helicopters and business jets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Erickson Construction Co., Inc.

Chandler, Arizona, United States

Erickson Construction Co., Inc. is a construction services and pre-fabricated building products company. It provides turnkey framing services, framing packages, trusses, and other products to builders and developers. Erickson Construction Co., Inc. was founded in 1975 and is based in Chandler, Arizona.

Sell -