M&A Deal Summary

Aquila Acquires Calpine Corp - Aries Power Plant

On December 5, 2006, Aquila acquired energy services and equipment company Calpine Corp - Aries Power Plant from Calpine

Acquisition Highlights
  • This is Aquila’s 1st transaction in the Energy Services and Equipment sector.
  • This is Aquila’s 2nd transaction in the United States.
  • This is Aquila’s 1st transaction in Montana.

M&A Deal Summary

Date 2006-12-05
Target Calpine Corp - Aries Power Plant
Sector Energy Services and Equipment
Buyer(s) Aquila
Sellers(s) Calpine
Deal Type Divestiture

Target

Calpine Corp - Aries Power Plant

Pleasant Hill, Montana, United States
Calpine Corp - Aries Power Plant is a 580-megawatt, natural gas-fired power plant.

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Buyer(S) 1

Buyer

Aquila

Kansas City, Montana, United States

Category Company
Sector Energy Services and Equipment
Employees1,045
DESCRIPTION

Aquila, Inc. is a provider of energy services.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Montana M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-29 St. Joseph Light & Power

St Joseph, Missouri, United States

St. Joseph Light & Power Company was engaged in the generation, transmission, and distribution of electric energy to customers in its 10 county services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-07 Aquila Networks-WPC.

Pueblo, Colorado, United States

Aquila Networks-WPC, consisting of the 340-megawatt Crossroads power generating facility and residual natural gas contracts.

Sell $940M

Seller(S) 1

SELLER

Calpine

Houston, Texas, United States

Category Company
Founded 1984
Sector Utilities
Employees2,209
Revenue 6.5B USD (2015)
DESCRIPTION

Calpine is a generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Calpine was founded in 1984 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 13
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 11
State: Montana M&A 1 of 1
Country: United States M&A 1 of 12
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-26 The Hillabee Project

Alexander City, Alabama, United States

The Hillabee Project is designed to be a clean and highly efficient 774-megawatt combined-cycle generating facility driven by two Siemens-Westinghouse 501G combustion turbines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-06 The Hillabee Project

Alexander City, Alabama, United States

The Hillabee Project is designed to be a clean and highly efficient 774-megawatt combined-cycle generating facility driven by two Siemens-Westinghouse 501G combustion turbines.

Sell $155M