M&A Deal Summary

Atlas Holdings and Castleton Commodities International Acquire Granite Shore Power

On October 12, 2017, private equity firm Atlas Holdings and Castleton Commodities International acquired utilities company Granite Shore Power

Acquisition Highlights
  • This is Atlas Holdings’ 1st and Castleton Commodities International’s 1st transaction in the Utilities sector.
  • This is Atlas Holdings’ 19th and Castleton Commodities International’s 4th transaction in the United States.
  • This is Atlas Holdings’ 1st and Castleton Commodities International’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2017-10-12
Target Granite Shore Power
Sector Utilities
Buyer(s) Atlas Holdings
Castleton Commodities International
Deal Type Joint Venture

Target

Granite Shore Power

Bow, New Hampshire, United States
Granite Shore Power is a power generation company that owns and operates a portfolio of electric generation facilities in New Hampshire. The Company supplies energy to the regional power grid and focuses on ensuring reliable electricity generation through a mix of thermal assets. Granite Shore Power was founded in 2018 and is headquartered in Bow, New Hampshire.

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Buyer(S) 2

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 23 of 40
Sector: Utilities M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: New Hampshire M&A 1 of 1
Country: United States M&A 19 of 32
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 Millar Western

Edmonton, Alberta, Canada

Millar Western is a forest products company that manufactures lumber, pulp, and wood chips for domestic and international markets. The Company operates sawmills and pulp facilities that process timber into construction-grade lumber and high-yield pulp used in papermaking. Millar Western was founded in 1906 and is headquartered in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Erickson Construction

Chandler, Arizona, United States

Erickson Construction is a construction services and pre-fabricated building products company. It provides turnkey framing services, framing packages, trusses, and other products to builders and developers. Erickson Construction Co., Inc. was founded in 1975 and is based in Chandler, Arizona.

Sell -
Buyer

Castleton Commodities International

Stamford, Connecticut, United States

Category Company
Founded 1997
Sector Financial Services
DESCRIPTION

Castleton Commodities International LLC is a commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets.


DEAL STATS #
Overall 4 of 7
Sector: Utilities M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: New Hampshire M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 EDF Trading Resources - East Texas Assets

Texas, United States

EDF Trading Resources - East Texas Assets is a provider of oil and gas exploration services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-24 NorTex Midstream Partners

Houston, Texas, United States

NorTex Midstream Partners is an independently owned developers and operators of high-deliverability, multi-cycle natural gas storage capacity. NorTex was founded in 2007 and is based in Houston, Texas.

Buy -