Tenaska Capital Management Mergers and Acquisitions Summary

Private Equity Firm Profile

Tenaska Capital Management’s most common sectors for investment areenergy services and equipment (64%) and oil/gas exploration (28%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (60%) and divestiture (23%). In total, Tenaska Capital Management has invested in 14 US states. Its largest (disclosed) acquisition occurred in 2006 when it acquired University Park Energy for $1.6B.

The Firm’s most common exit type is trade sale (58%). Tenaska Capital Management’s largest (disclosed) exit occurred in 2008 when it sold Holland Energy for $383M.

Join Mergr to view Tenaska Capital Management’s full profile and discover more large private equity firm investors just like it.

M&A Summary

  • M&A Total Activity36
    • M&A Buy Activity22
    • M&A Sell Activity14
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 15
  • M&A Advisors 2

Tenaska Capital Management LLC

14302 FNB Parkway,
Omaha, Nebraska 68154
United States
(402) 691-9700
www.tenaskacapital.com
info@tenaskacapital.com

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.


Investment Criteria

Sectors of Interest: Energy Services and Equipment, Infrastructure, Oil/Gas Exploration, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital, Stake Purchase, Joint Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.0/yr) # 22 - - - - - 22
vol $3.6B $3.6B
Sell (0.0/yr) # 14 - - - - - 14
vol $950M $950M
  36

Most Recent M&A

Company Date Value Type
Big Sandy Peaker Plant LLC 2016-01-01 - Unknown
Kenova, West Virginia
High Desert Power 2016-01-01 - Unknown
Victorville, California
Crete Energy Venture LLC 2015-01-01 - Unknown
Crete, Illinois
Lincoln Generating Facility LLC 2015-01-01 - Unknown
Manhattan, Illinois
New Covert Generating Company LLC 2015-01-01 - Unknown
Covert, Michigan
Rolling Hills Generating LLC 2015-01-01 - Unknown
Wilkesville, Ohio
US Power Generating Co. 2013-12-06 - Special Situations/Distressed
Stamford, Connecticut · www.uspowergen.com
Azure Midstream Co. LLC 2012-06-01 - Joint Venture
Katy, Texas · www.azuremidstream.com
Rio Nogales Power Project LP 2012-03-12 - Trade Sale
Seguin, Texas
University Park Energy LLC 2011-04-06 - Trade Sale
Chicago, Illinois
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment - - 14 (64%) 1.7B (87%)
Oil/Gas Exploration 1 (100%) - 6 (27%) 250M (13%)
Renewable Energy - - 1 (5%) -
Utilities - - 1 (5%) -
Total 1 - 22 $2.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 1 (100%) - 22 (100%) 3.6B (100%)
  Texas 1 (100%) - 4 (18%) 1.6B (45%)
  Illinois - - 4 (18%) 1.6B (45%)
  Oklahoma - - 2 (9%) 250M (7%)
  West Virginia - - 2 (9%) -
  Virginia - - 1 (5%) 89M (2%)
  Pennsylvania - - 1 (5%) -
  Ohio - - 1 (5%) -
  Nebraska - - 1 (5%) -
  Michigan - - 1 (5%) -
  Massachusetts - - 1 (5%) -
  Maryland - - 1 (5%) -
  Connecticut - - 1 (5%) -
  California - - 1 (5%) -
  Washington - - 1 (5%) -
Total 1 - 22 $3.6B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) - - 13 (59%) 1.6B (45%)
Divestiture - - 5 (23%) 1.7B (48%)
Joint Venture 1 (100%) - 2 (9%) 250M (7%)
Secondary Buyout - - 1 (5%) -
Special Situations/Distressed - - 1 (5%) -
Total 1 - 22 $3.6B

Exits by Deal Type

Type Total # Value
Trade Sale 7 (50%) 590M (62%)
Unknown 6 (43%) -
Trade Sale - Public Company 1 (7%) 360M (38%)
Total 14 $950M

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
Chadbourne & Parke LLP
 1

Deal Values

buy # Total
> $1B 2 $3.3B
$100M to $1B 1 $250M
< $100M 1 $89M
TOTAL $3.6B
Largest University Park Energy LLC
$1.6B (2006-10-12)
sell # Total
$100M to $1B 3 $950M
TOTAL $950M
Largest Holland Energy LLC
$383M (2008-04-15)

M&A Connections

Deals
Acquired from
Investor(s)
5%
1 (5%)
Strategic(s)
27%
6 (27%)
Exited to
Strategic(s)
57%
8 (57%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

3.2B USD

Established

2003

Specialist/Generalist

Specialist

Leadership

Paul Smith

Founding Member & Senior Managing Director

Chris Leitner

Managing Director

Jay Frisbie

Managing Director

Ryan Schroer

Managing Director & CFO

FAQ

When was Tenaska Capital Management LLC founded?

Tenaska Capital Management LLC was founded in 2003.

What type of investor is Tenaska Capital Management LLC?

Tenaska Capital Management LLC is a private equity firm.

Where is Tenaska Capital Management LLC headquartered?

Tenaska Capital Management LLC is headquartered in Omaha, Nebraska.

How much capital does Tenaska Capital Management LLC have under management?

Tenaska Capital Management LLC has 3.2B USD under management.

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