M&A Deal Summary

Aggreko Acquires Power Plus Rentals and Sales

On August 19, 2008, Aggreko acquired retailer Power Plus Rentals and Sales

Acquisition Highlights
  • This is Aggreko’s 2nd transaction in the Retail sector.
  • This is Aggreko’s 1st transaction in Canada.
  • This is Aggreko’s 1st transaction in Alberta.

M&A Deal Summary
Date 2008-08-19
Target Power Plus Rentals and Sales
Sector Retail
Buyer(s) Aggreko
Deal Type Add-on Acquisition

Target

Power Plus Rentals and Sales

Leduc, Alberta, Canada
Power Plus provides specialized rental power solutions to businesses in the Athabasca Oil Sands in Alberta and Saskatchewan, where more than CN$10 billion a year is being invested in the development of the world’s second largest oil reserve. This acquisition provides Aggreko with access to skills and experience in designing and operating equipment in extremely cold environments, including remote camp sites, and strengthens its ability to service oil and gas and refining customers.

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Buyer(S) 1

Buyer

Aggreko

Dumbarton, United Kingdom
Category Company
Founded 1962
Sector Test/Measurement Equipment
Employees6,000
Revenue 1.4B GBP (2020)
DESCRIPTION

Aggreko is a global provider of mobile modular power, temperature control and energy services, including micro grids and remote monitoring, to commercial and industrial customers serving multiple end markets across operations in 80 countries. Aggreko was founded in 1962 and is based in Dumbarton, United Kingdom.

DEAL STATS #
Overall 4 of 15
Sector (Retail) 2 of 4
Type (Add-on Acquisition) 3 of 13
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 GE Energy Rentals

Chamblee, Georgia, United States

GE Energy Rentals, with the exception of those relating to large gas turbines, Aggreko increases its global capacity to more than 4,700 megawatts of rental power, including 12,000 generator sets and 2,000 water-cooled and air-cooled chillers for temperature control solutions.

Buy $212M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-24 Aggreko’s European OFA rental

United Kingdom

oil-free compressed air (“OFA”) rental business in UK.

Sell €15M
Mergr

Product

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