M&A Deal Summary

AES Acquires Main Street Power Company

On March 13, 2015, AES acquired energy services and equipment company Main Street Power Company

Acquisition Highlights
  • This is AES’s 2nd transaction in the Energy Services and Equipment sector.
  • This is AES’s 7th transaction in the United States.
  • This is AES’s 1st transaction in Colorado.

M&A Deal Summary

Date 2015-03-13
Target Main Street Power Company
Sector Energy Services and Equipment
Buyer(s) AES
Deal Type Add-on Acquisition
Advisor(s) Marathon Capital LLC (Financial)

Target

Main Street Power Company

Boulder, Colorado, United States
Main Street Power Company, Inc. is a owner, operator and financier of distributed solar projects and has developed more than 200 commercial projects and several residential platforms across the United States.

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Buyer(S) 1

Buyer

AES

Arlington, Virginia, United States

Category Company
Founded 1981
Sector Utilities
Employees9,600
Revenue 12.7B USD (2023)
DESCRIPTION

AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. AES was founded in 1981 and is based in Arlington, Virginia.


DEAL STATS #
Overall 9 of 13
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 8 of 12
State (Colorado) 1 of 2
Country (United States) 7 of 11
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 AES Saurashtra Windfarms Pvt.

Gurgaon, India

AES Saurashtra Windfarms Pvt. Ltd. is a renewable electricity providers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 AES Armenia Mountain Wind

Mainesburg,, Pennsylvania, United States

AES Armenia Mountain Wind LLC, a 100.5-megawatt (MW) Pennsylvania wind farm. Armenia Mountain consists of 67 General Electric turbines installed in 2009. All of the facility’s energy output is sold through existing power purchase agreements that extend through 2025.

Sell $108M