M&A Deal Summary

Algonquin Acquires WPS Canada Generation

On January 12, 2010, Algonquin acquired utilities company WPS Canada Generation from Integrys Energy Group

Acquisition Highlights
  • This is Algonquin’s 2nd transaction in the Utilities sector.
  • This is Algonquin’s 3rd transaction in the United States.
  • This is Algonquin’s 1st transaction in Maine.

M&A Deal Summary
Date 2010-01-12
Target WPS Canada Generation
Sector Utilities
Buyer(s) Algonquin
Sellers(s) Integrys Energy Group
Deal Type Divestiture

Target

WPS Canada Generation

Caribou, Maine, United States
WPS Canada Generation, Inc. provides electricity services and operates as a subsidiary of WPS Power Development, Inc.

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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 4 of 17
Sector (Utilities) 2 of 5
Type (Divestiture) 3 of 11
State (Maine) 1 of 1
Country (United States) 3 of 13
Year (2010) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-12 WPS New England Generation

United States

WPS New England Generation, Inc. provides energy services in United states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-13 Integrys Energy Power Generation Assets

United States

Integrys Energy Power Generation Assets in Northern Maine and New Brunswick comprises power generation assets with a capacity of 75 mega watt.

Buy -

Seller(S) 1

SELLER

Integrys Energy Group

Chicago, Illinois, United States
Category Company
Founded 2007
Sector Utilities
Employees4,888
DESCRIPTION

Integrys Energy Group Inc. is a diversified energy holding company with regulated natural gas and electric utility operations.

DEAL STATS #
Overall 2 of 3
Sector (Utilities) 2 of 2
Type (Divestiture) 2 of 3
State (Maine) 1 of 1
Country (United States) 2 of 3
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-12 WPS New England Generation

United States

WPS New England Generation, Inc. provides energy services in United states.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Texas Trillium

Salt Lake City,, Utah, United States

Trillium owns and/or operates 20 fueling stations in multiple states. Trillium's customer base includes mass transit operators and large private fleet operators. In addition, Trillium owns and operates public access, retail CNG stations.

Buy -
Mergr

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