M&A Deal Summary

Tenaska Capital Management Acquires University Park Energy

On October 12, 2006, private equity firm Tenaska Capital Management acquired energy services and equipment company University Park Energy for 1.6B USD

Acquisition Highlights
  • This is Tenaska Capital Management’s 6th transaction in the Energy Services and Equipment sector.
  • This is Tenaska Capital Management’s 2nd largest (disclosed) transaction.
  • This is Tenaska Capital Management’s 8th transaction in the United States.
  • This is Tenaska Capital Management’s 2nd transaction in Illinois.
Investment Fate
  • University Park Energy was sold to a strategic buyer in 2011.

M&A Deal Summary
Date 2006-10-12
Target University Park Energy
Sector Energy Services and Equipment
Buyer(s) Tenaska Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.6B USD

Target

University Park Energy

Chicago, Illinois, United States
University Park Energy LLC is a simple-cycle plant provides electric generating capacity to the PJM Interconnection market during periods of peak demand.

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Buyer(S) 1

Buyer

Tenaska Capital Management

Omaha, Nebraska, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 3.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Tenaska Capital Management (TCM) is the private equity affiliate of integrated energy company Tenaska. TCM was formed to leverage Tenaska's sector expertise to pursue opportunities for investment in the North American energy sector. Specific areas of interest include power generating plants; national providers of transmission and pipeline construction and maintenance services; and natural gas storage facilities. Tenaska Capital Management is based in Omaha, Nebraska.

DEAL STATS #
Overall 8 of 22
Sector (Energy Services and Equipment) 6 of 14
Type (Buyout (LBO, MBO, MBI)) 5 of 13
State (Illinois) 2 of 4
Country (United States) 8 of 22
Year (2006) 6 of 7
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-11 Rio Nogales Power Project

Seguin, Texas, United States

Rio Nogales Power Project LP is a combined-cycle plant provides electric generating capacity to the Electric Reliability Council of Texas (ERCOT) market.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-15 High Desert Power

Victorville, California, United States

High Desert Power is a combined-cycle plant that provides electric generating capacity to the California market. High Desert Power was founded in 2003 and is based in Victorville, California.

Buy -
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