M&A Deal Summary

AltaRock Energy Acquires Davenport Power

On January 1, 2013, AltaRock Energy acquired energy services and equipment company Davenport Power from Riverstone Holdings

Acquisition Highlights
  • This is AltaRock Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is AltaRock Energy’s 1st transaction in the United States.
  • This is AltaRock Energy’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2013-01-01
Target Davenport Power
Sector Energy Services and Equipment
Buyer(s) AltaRock Energy
Sellers(s) Riverstone Holdings
Deal Type Add-on Acquisition

Target

Davenport Power

Stamford, Connecticut, United States
Davenport Power, LLC is the Operator of the Newberry Geothermal Project. Davenport Power was formed in 1997 as an independent electric power company to own and operate clean power and renewable energy projects. The company specializes in developing early stage geothermal opportunities that sell power to utilities under long-term contracts.

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Buyer(S) 1

Buyer

AltaRock Energy

Seattle, Washington, United States
Category Company
Founded 2007
Sector Energy Services and Equipment
DESCRIPTION

AltaRock Energy, Inc. is a full-service geothermal energy technology and services company. AltaRock’s experienced team, innovative technology and creative approach turns under performing assets into highly profitable energy projects, building and operating the geothermal power plants of the future.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.

DEAL STATS #
Overall 29 of 57
Sector (Energy Services and Equipment) 15 of 18
Type (Add-on Acquisition) 16 of 30
State (Connecticut) 1 of 1
Country (United States) 23 of 42
Year (2013) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-03 Raven Power

Maryland, United States

Raven Power is a private independent power company that consists of three, primarily coal-fired, power generation facilities. The portfolio is located in Maryland and has a generating capacity of 2,648 MW. Raven is managed by the Topaz Power Group.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 USA Compression

Austin, Texas, United States

USA Compression is a third-party provider of compression services to customers across the oil & gas industry. USA Compression is one of the nation’s largest independent providers of compression services in terms of total compression fleet horsepower. USA Compression was founded in 1998 and is based in Austin, Texas.

Sell -
Mergr

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