M&A Deal Summary

Algonquin Acquires The Shady Oaks

On January 2, 2013, Algonquin acquired renewable energy company The Shady Oaks from Goldwind International SO for 149M USD

Acquisition Highlights
  • This is Algonquin’s 7th transaction in the Renewable Energy sector.
  • This is Algonquin’s 4th largest (disclosed) transaction.
  • This is Algonquin’s 9th transaction in the United States.
  • This is Algonquin’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2013-01-02
Target The Shady Oaks
Sector Renewable Energy
Buyer(s) Algonquin
Sellers(s) Goldwind International SO
Deal Type Divestiture
Deal Value 149M USD

Target

The Shady Oaks

Illinois, United States
The Shady Oaks wind power total annual energy production is 364 GW-hrs per year. The Shady Oaks wind facility has entered into a 20 year inflation indexed power purchase agreement with the largest electric utility in the state of Illinois,

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Buyer(S) 1

Buyer

Algonquin

Oakville, Ontario, Canada
Category Company
Founded 1988
Sector Renewable Energy
Employees3,946
Revenue 2.7B USD (2023)
DESCRIPTION

Algonquin is a renewable energy and regulated utility company with assets across North America. The Corporation actively invests in hydroelectric, wind and solar power facilities, and sustainable utility distribution businesses (water, electricity and natural gas) through its two operating subsidiaries. Algonquin Power Company owns a direct or indirect equity interest in 20 hydroelectric generating facilities, 5 wind energy facilities, and 7 thermal energy facilities. Algonquin was founded in 1988 and is based in Oakville, Canada.

DEAL STATS #
Overall 11 of 17
Sector (Renewable Energy) 7 of 10
Type (Divestiture) 9 of 11
State (Illinois) 2 of 2
Country (United States) 9 of 13
Year (2013) 2 of 3
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Shady Oaks Holdings

United States

Shady Oaks Holdings LLC is a operator of wind power generation plants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-28 Three wind power projects

United States

Three wind power projects a 400 MW wind power project developed in United states.

Buy $117M

Seller(S) 1

SELLER

Goldwind International SO

Hong Kong, China
Category Company
Sector Renewable Energy
DESCRIPTION

Goldwind International SO Ltd. operates a 109MW wind power generation facility.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
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