M&A Deal Summary

Alectra Utilities Acquires EnerSource

On January 1, 2017, Alectra Utilities acquired energy services and equipment company EnerSource from OMERS Infrastructure

Acquisition Highlights
  • This is Alectra Utilities’ 1st transaction in the Energy Services and Equipment sector.
  • This is Alectra Utilities’ 1st transaction in Canada.
  • This is Alectra Utilities’ 1st transaction in Ontario.

M&A Deal Summary
Date 2017-01-01
Target EnerSource
Sector Energy Services and Equipment
Buyer(s) Alectra Utilities
Sellers(s) OMERS Infrastructure
Deal Type Merger

Target

EnerSource

Mississauga, Ontario, Canada
EnerSource is a diversified energy and technologies company serving residential and business customers through the regulated utility, EnerSource Hydro Mississauga, and non-regulated energy services company, EnerSource Hydro Mississauga Services. EnerSource is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

Alectra Utilities

Hamilton, Ontario, Canada
Category Company
Sector Utilities
DESCRIPTION

Alectra Utilities is a provider of energy solutions to families and businesses across the Greater Golden Horseshoe area. Alectra Utilities is based in Hamilton, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 1990
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.

DEAL STATS #
Overall 4 of 15
Sector (Energy Services and Equipment) 3 of 4
Type (Merger) 1 of 1
State (Ontario) 3 of 5
Country (Canada) 4 of 6
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Port of Melbourne Operations

Melbourne, Australia

Port of Melbourne Operations is Australia’s largest capital city container and general cargo port, handling more than one-third of the nation’s container trade. Port of Melbourne Operations was founded in 2016 and is based in Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 Thames Water

Reading, United Kingdom

Thames Water is a provider of water and wastewater services in the U.K., serving approximately 10 million water customers and 15 million wastewater customers. Thames Water was founded in 1989 and is based in Reading, United Kingdom.

Buy -
Mergr

Product

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