OMERS Infrastructure Mergers and Acquisitions Summary

Infrastructure Profile

In the last 3 years, OMERS Infrastructure has acquired 6 companies. It has also invested in 3 others.

OMERS Infrastructure’s most common sectors for investment areutilities (18%) and energy services and equipment (16%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (45%) and secondary buyout (22%). In total, OMERS Infrastructure has invested in 9 US states and 14 different countries. Its largest (disclosed) acquisition occurred in 2014 when it acquired Caruna for $2.9B.

In the last 3 years, OMERS Infrastructure has exited 8 companies. The Firm’s most common exit type is trade sale (54%). OMERS Infrastructure’s largest (disclosed) exit occurred in 2024 when it sold LifeLabs for $985M.

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M&A Summary

M&A Total Activity66
- M&A Buy Activity51
- M&A Sell Activity15
Total Sectors Invested 17
Total Countries Invested 14
M&A Buy/Sell Connections 22
M&A Advisors 11

OMERS Infrastructure

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	-	-
Investment Size	200	-
Enterprise Value	1,000	-
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

200

Enterprise Value

1,000

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (1.8/yr)	#	42	1	3	4	-	1	51
vol	$4.9B						$4.9B
Sell (1.8/yr)	#	6	1	2	5	-	1	15
vol		$312M				$985M	$1.3B
	66

Year

≤ '19

'20

'21

'22

'23

'24

Buy (1.8/yr)

vol

$4.9B

Sell (1.8/yr)

vol

$312M

$985M

$1.3B

Company	Date	Value	Type
Grandi Stazioni Retail S.p.A.	2024-08-06	-	Secondary Buyout
Rome, Italy · www.gsretail.it
LifeLabs, Inc.	2024-07-03	985M USD	Trade Sale
Toronto, Ontario · www.lifelabs.com
Skyway Concession Company LLC	2022-09-12	-	Trade Sale
Chicago, Illinois · www.chicagoskyway.org
Waveconn Group Holdings Management Pty Ltd.	2022-08-15	-	Growth Capital
Sydney, Australia · www.waveconn.com
Midland Cogeneration Venture LP	2022-07-12	-	Trade Sale
Midland, Michigan
VTG AG	2022-06-29	-	Stake Sale
Hamburg, Germany · www.vtg.com
Direct ChassisLink, Inc.	2022-06-24	-	Secondary Buyout
Charlotte, North Carolina · www.dcli.com
IndInfravit Trust	2022-06-10	-	Growth Capital
Chennai, India · www.indinfravit.com
Groendus Groep BV	2022-05-18	-	Secondary Buyout
Utrecht, Netherlands · www.groendus.nl
BPC Maritime Corp.	2022-04-14	-	Trade Sale
Toronto, Ontario
View All >>

Company

Date

Value

Type

Grandi Stazioni Retail S.p.A.

2024-08-06

Secondary Buyout

Rome, Italy · www.gsretail.it

LifeLabs, Inc.

2024-07-03

985M USD

Trade Sale

Toronto, Ontario · www.lifelabs.com

Skyway Concession Company LLC

2022-09-12

Trade Sale

Chicago, Illinois · www.chicagoskyway.org

Waveconn Group Holdings Management Pty Ltd.

2022-08-15

Growth Capital

Sydney, Australia · www.waveconn.com

Midland Cogeneration Venture LP

2022-07-12

Trade Sale

Midland, Michigan

VTG AG

2022-06-29

Stake Sale

Hamburg, Germany · www.vtg.com

Direct ChassisLink, Inc.

2022-06-24

Secondary Buyout

Charlotte, North Carolina · www.dcli.com

IndInfravit Trust

2022-06-10

Growth Capital

Chennai, India · www.indinfravit.com

Groendus Groep BV

2022-05-18

Secondary Buyout

Utrecht, Netherlands · www.groendus.nl

BPC Maritime Corp.

2022-04-14

Trade Sale

Toronto, Ontario

View All >>

Company	Acquired	Add-On/Sale	Date	#
Leeward Renewable Energy, LLC	2018-03-22	First Solar, Inc. - Solar Development Platform	2021-01-25	1
Dallas, Texas · www.leewardenergy.com	Tempe, Arizona
Teranet, Inc.	2008-10-28	DoProcess LP	2020-12-10	1
Toronto, Ontario · www.teranet.ca	Toronto, Ontario · www.doprocess.com
Deutsche Glasfaser Holding GmbH	2020-02-10	inexio Beteiligungs GmbH & Co. KGaA	2020-10-16	1
Borken, Germany · www.deutsche-glasfaser.de	Saarlouis, Germany · www.inexio.net
Alectra Utilities Corp.	2004-01-01	EnerSource Corp.	2017-01-01	1
Hamilton, Ontario · www.alectrautilities.com	Mississauga, Ontario · www.enersource.com

Company

Acquired

Add-On/Sale

Date

Leeward Renewable Energy, LLC

2018-03-22

First Solar, Inc. - Solar Development Platform

2021-01-25

Dallas, Texas · www.leewardenergy.com

Tempe, Arizona

Teranet, Inc.

2008-10-28

DoProcess LP

2020-12-10

Toronto, Ontario · www.teranet.ca

Toronto, Ontario · www.doprocess.com

Deutsche Glasfaser Holding GmbH

2020-02-10

inexio Beteiligungs GmbH & Co. KGaA

2020-10-16

Borken, Germany · www.deutsche-glasfaser.de

Saarlouis, Germany · www.inexio.net

Alectra Utilities Corp.

2004-01-01

EnerSource Corp.

2017-01-01

Hamilton, Ontario · www.alectrautilities.com

Mississauga, Ontario · www.enersource.com

Sector	Current #	Value	All-time #	Value
Utilities	7 (20%)	-	9 (17%)	2.9B (59%)
Energy Services and Equipment	4 (11%)	-	8 (15%)	-
Infrastructure	4 (11%)	-	7 (13%)	-
Renewable Energy	5 (14%)	-	5 (10%)	-
Transportation	3 (9%)	-	5 (10%)	-
Life Science	3 (9%)	-	4 (8%)	1M (< 1%)
Communications	2 (6%)	2.0B (100%)	3 (6%)	2.0B (41%)
Healthcare Services	-	-	2 (4%)	-
Airlines	-	-	1 (2%)	-
Business Services	1 (3%)	-	1 (2%)	-
Education	-	-	1 (2%)	-
Electrical Equipment	1 (3%)	-	1 (2%)	-
Internet Software and Services	1 (3%)	-	1 (2%)	-
Marine	1 (3%)	-	1 (2%)	-
Media	1 (3%)	-	1 (2%)	-
Oil/Gas Exploration	1 (3%)	-	1 (2%)	-
Real Estate	1 (3%)	-	1 (2%)	-
Total	35	$2.0B	52	$4.9B

Sector

Current #

Value

All-time #

Value

Utilities

7 (20%)

9 (17%)

2.9B (59%)

Energy Services and Equipment

4 (11%)

8 (15%)

Infrastructure

4 (11%)

7 (13%)

Renewable Energy

5 (14%)

5 (10%)

Transportation

3 (9%)

5 (10%)

Life Science

3 (9%)

4 (8%)

1M (< 1%)

Communications

2 (6%)

2.0B (100%)

3 (6%)

2.0B (41%)

Healthcare Services

2 (4%)

Airlines

1 (2%)

Business Services

1 (3%)

1 (2%)

Education

1 (2%)

Electrical Equipment

1 (3%)

1 (2%)

Internet Software and Services

1 (3%)

1 (2%)

Marine

1 (3%)

1 (2%)

Media

1 (3%)

1 (2%)

Oil/Gas Exploration

1 (3%)

1 (2%)

Real Estate

1 (3%)

1 (2%)

Total

$2.0B

$4.9B

State/Country	Current #	Value	All-time #	Value
Canada	6 (17%)	-	14 (27%)	1M (< 1%)
	Ontario	4 (11%)	-	10 (19%)	1M (< 1%)
	Alberta	2 (6%)	-	2 (4%)	-
	Nova Scotia	-	-	1 (2%)	-
United States	8 (23%)	-	13 (25%)	-
	Washington	2 (6%)	-	2 (4%)	-
	Texas	2 (6%)	-	2 (4%)	-
	Michigan	-	-	2 (4%)	-
	Illinois	-	-	2 (4%)	-
	Oklahoma	1 (3%)	-	1 (2%)	-
	North Carolina	1 (3%)	-	1 (2%)	-
	New Jersey	1 (3%)	-	1 (2%)	-
	Massachusetts	1 (3%)	-	1 (2%)	-
	Florida	-	-	1 (2%)	-
United Kingdom	4 (11%)	-	5 (10%)	-
Germany	4 (11%)	-	5 (10%)	-
Australia	3 (9%)	-	3 (6%)	-
Spain	2 (6%)	-	2 (4%)	-
India	2 (6%)	-	2 (4%)	-
Finland	1 (3%)	-	2 (4%)	2.9B (59%)
France	1 (3%)	2.0B (100%)	1 (2%)	2.0B (41%)
Italy	1 (3%)	-	1 (2%)	-
Czech Republic	1 (3%)	-	1 (2%)	-
Netherlands	1 (3%)	-	1 (2%)	-
Sweden	1 (3%)	-	1 (2%)	-
Chile	-	-	1 (2%)	-
Domestic	6 (17%)	-	14 (27%)	1M (< 1%)
Cross-border	29 (83%)	2.0B (100%)	38 (73%)	4.9B (100%)
Total	35	$2.0B	52	$4.9B

State/Country

Current #

Value

All-time #

Value

Canada

6 (17%)

14 (27%)

1M (< 1%)

Ontario

4 (11%)

10 (19%)

1M (< 1%)

Alberta

2 (6%)

2 (4%)

Nova Scotia

1 (2%)

United States

8 (23%)

13 (25%)

Washington

2 (6%)

2 (4%)

Texas

2 (6%)

2 (4%)

Michigan

2 (4%)

Illinois

2 (4%)

Oklahoma

1 (3%)

1 (2%)

North Carolina

1 (3%)

1 (2%)

New Jersey

1 (3%)

1 (2%)

Massachusetts

1 (3%)

1 (2%)

Florida

1 (2%)

United Kingdom

4 (11%)

5 (10%)

Germany

4 (11%)

5 (10%)

Australia

3 (9%)

3 (6%)

Spain

2 (6%)

2 (4%)

India

2 (6%)

2 (4%)

Finland

1 (3%)

2 (4%)

2.9B (59%)

France

1 (3%)

2.0B (100%)

1 (2%)

2.0B (41%)

Italy

1 (3%)

1 (2%)

Czech Republic

1 (3%)

1 (2%)

Netherlands

1 (3%)

1 (2%)

Sweden

1 (3%)

1 (2%)

Chile

1 (2%)

Domestic

6 (17%)

14 (27%)

1M (< 1%)

Cross-border

29 (83%)

2.0B (100%)

38 (73%)

4.9B (100%)

Total

$2.0B

$4.9B

Type	Current #	Value	All-time #	Value
Buyout (LBO, MBO, MBI)	10 (29%)	-	23 (44%)	2.9B (59%)
Secondary Buyout	10 (29%)	-	11 (21%)	-
Stake Purchase	8 (23%)	-	10 (19%)	-
Growth Capital	3 (9%)	-	4 (8%)	-
Divestiture	3 (9%)	2.0B (100%)	3 (6%)	2.0B (41%)
Consolidation	1 (3%)	-	1 (2%)	-
Total	35	$2.0B	52	$4.9B

Type

Current #

Value

All-time #

Value

Buyout (LBO, MBO, MBI)

10 (29%)

23 (44%)

2.9B (59%)

Secondary Buyout

10 (29%)

11 (21%)

Stake Purchase

8 (23%)

10 (19%)

Growth Capital

3 (9%)

4 (8%)

Divestiture

3 (9%)

2.0B (100%)

3 (6%)

2.0B (41%)

Consolidation

1 (3%)

1 (2%)

Total

$2.0B

$4.9B

Type	Total #	Value
Trade Sale	6 (40%)	-
Secondary Sale	3 (20%)	-
Trade Sale - Public Company	2 (13%)	1.3B (100%)
Merger	2 (13%)	-
Stake Sale	2 (13%)	-
Total	15	$1.3B

Type

Total #

Value

Trade Sale

6 (40%)

Secondary Sale

3 (20%)

Trade Sale - Public Company

2 (13%)

1.3B (100%)

Merger

2 (13%)

Stake Sale

2 (13%)

Total

$1.3B

Financial	Deals
Scotia Capital, Inc. (Scotiabank - Global Banking and Markets)	1
Barclays Investment Bank	1
BofA Securities	1

Financial

Deals

Scotia Capital, Inc. (Scotiabank - Global Banking and Markets)

Barclays Investment Bank

BofA Securities

Legal	Deals
Blake, Cassels & Graydon	1
Shearman & Sterling	1
Torys LLP	1

Legal

Deals

Blake, Cassels & Graydon

Shearman & Sterling

Torys LLP

buy	#	Total
> $1B	2	$4.9B
< $100M	1	$1M
TOTAL	$4.9B
Largest	Caruna $2.9B (2014-03-24)

buy

Total

> $1B

$4.9B

< $100M

$1M

TOTAL

$4.9B

Largest

Caruna
$2.9B (2014-03-24)

sell	#	Total
$100M to $1B	2	$1.3B
TOTAL	$1.3B
Largest	LifeLabs, Inc. $985M (2024-07-03)

sell

Total

$100M to $1B

$1.3B

TOTAL

$1.3B

Largest

LifeLabs, Inc.
$985M (2024-07-03)

		Deals
Acquired from
Investor(s)	27%	14 (27%)
Strategic(s)	8%	4 (8%)
Exited to
Investor(s)	33%	5 (33%)
Strategic(s)	67%	10 (67%)

Deals

Acquired from

Investor(s)

14 (27%)

Strategic(s)

4 (8%)

Exited to

Investor(s)

5 (33%)

Strategic(s)

10 (67%)

FAQ

When was OMERS Infrastructure founded?

OMERS Infrastructure was founded in 1990.

What type of investor is OMERS Infrastructure?

OMERS Infrastructure is an infrastructure investor.

Where is OMERS Infrastructure headquartered?

OMERS Infrastructure is headquartered in Toronto, Ontario.

OMERS Infrastructure Mergers and Acquisitions Summary

Infrastructure Profile

M&A Summary