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Divestiture • Renewable Energy

Atlantic Power Acquires Ridgeline Energy Holdings

On November 16, 2012, Atlantic Power acquired renewable energy company Ridgeline Energy Holdings from Veolia Environnement for 88M USD

Acquisition Context
  • This is Atlantic Power’s 2nd transaction in the Renewable Energy sector.
  • This is Atlantic Power’s largest (disclosed) transaction.
  • This is Atlantic Power’s 2nd transaction in the United States.
  • This is Atlantic Power’s 1st transaction in Washington.

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M&A Deal Summary
Date November 16, 2012
Target Ridgeline Energy Holdings
Sector Renewable Energy
Buyer(s) Atlantic Power
Sellers(s) Veolia Environnement
Deal Type Divestiture
Deal Value 88M USD

Target Company

Ridgeline Energy Holdings

Seattle, Washington, United States
Ridgeline Energy Holdings, Inc. is a renewable power development company. Ridgeline Energy currently has a wind and solar development pipeline of more than 20 projects in the U.S. totaling approximately 1,000 MW. Planned development expenditures in 2013 are focused on near-term opportunities where PPAs can be obtained quickly, including solar sites where investment tax credits remain available and construction could be completed as early as the first quarter of 2014.
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Buyer Overview 1

Buyer

Atlantic Power

Dedham, Massachusetts, United States
Category Company
Founded 2004
Sector Utilities
Employees266
Revenue 282M USD (2019)
DESCRIPTION

Atlantic Power is a power generation and infrastructure company with a well-diversified portfolio of assets in the United States and Canada. Atlantic Power was formed in 2004 and is based in Dedham, Massachusetts.

Deal Context for Buyer #
Overall 3 of 4
Sector: Renewable Energy 2 of 2
Type: Divestiture 2 of 3
State: Washington 1 of 2
Country: United States 2 of 3
Year: 2012 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-16 Primary Energy Recycling Holdings

Oak Brook, Illinois, United States

Primary Energy Recycling Holdings LLC is an energy recycling company, develops, owns, and operates recycled energy projects. The company was incorporated in 2005 and is based in Oak Brook, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Ridgeline Energy

Seattle, Washington, United States

Rdgeline Energy, a specialist in the development of wind energy projects.

Buy -

Seller Profile 1

SELLER

Veolia Environnement

Paris, France
Category Company
Founded 1853
Sector Consumer Services
Employees202,332
Revenue 44.7B EUR (2024)
DESCRIPTION

Veolia Environnement provides industrial cleaning, mechanical and maintenance services, and environmental waste management solutions. Veolia Environnement was founded in 1853 and is based in Paris, France.

Deal Context for Seller #
Overall 2 of 6
Sector: Renewable Energy 1 of 1
Type: Divestiture 2 of 6
State: Washington 1 of 2
Country: United States 2 of 4
Year: 2012 1 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-18 TM.E.

La Spezia, Italy

TMT is specialized in the design, build and operation of waste treatment facilities (incinerators and mechanical, MBT*-type waste-to-fuel treatment facilities).

Buy $338M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Ridgeline Energy

Seattle, Washington, United States

Rdgeline Energy, a specialist in the development of wind energy projects.

Sell -

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