M&A Deal Summary

EPCOR Utilities Acquires Primary Energy Recycling

On November 1, 2006, EPCOR Utilities acquired energy services and equipment company Primary Energy Recycling from American Securities for 380M USD

Acquisition Highlights
  • This is EPCOR Utilities’ 1st transaction in the Energy Services and Equipment sector.
  • This is EPCOR Utilities’ largest (disclosed) transaction.
  • This is EPCOR Utilities’ 1st transaction in the United States.
  • This is EPCOR Utilities’ 1st transaction in Illinois.
Investment Fate
  • Primary Energy Recycling was divested to a consortium of buyers in 2014.

M&A Deal Summary
Date 2006-11-01
Target Primary Energy Recycling
Sector Energy Services and Equipment
Buyer(s) EPCOR Utilities
Sellers(s) American Securities
Deal Type Add-on Acquisition
Deal Value 380M USD

Target

Primary Energy Recycling

Oak Brook, Illinois, United States
website
Primary Energy Recycling is a developer, owner and operator of power and thermal cogeneration systems onsite at industrial facilities. Primary Energy Recycling was founded in 2003 and is based in Oak Brook, Illinois.

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Buyer(S) 1

Buyer

EPCOR Utilities

Oak Brook, Illinois, United States
Category Company
Founded 2001
Sector Utilities
DESCRIPTION

EPCOR Utilities, Inc. is owned and operates electrical, natural gas and water transmission and distribution networks, water, and wastewater treatment facilities and sanitary and stormwater systems, and infrastructure in Canada and the United States.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Primary Energy Recycling

Oak Brook, Illinois, United States

Primary Energy Recycling is a developer, owner and operator of power and thermal cogeneration systems onsite at industrial facilities. Primary Energy Recycling was founded in 2003 and is based in Oak Brook, Illinois.

Sell -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 12 of 50
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 4 of 20
State (Illinois) 1 of 3
Country (United States) 11 of 49
Year (2006) 4 of 4
Size (of disclosed) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-12 Cambridge International

Cambridge, Maryland, United States

Cambridge International, Inc. is a manufacturer of highly‐engineered metal conveyor belts food & dairy manufacturers of conveyor belts and related woven metal mesh solutions used in a variety of end markets packaging including food & dairy, metal working, packaging, agriculture, building products, Building Products filtration and electronics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Lakeside Energy

Oak Brook, Illinois, United States

Lakeside Energy LLC is an owns and operates energy companies and assets in North America.

Buy -
Mergr

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