M&A Deal Summary

Buckeye Partners and Nala Renewables Acquire Swift Current Energy

On April 7, 2021, Buckeye Partners and Nala Renewables acquired renewable energy company Swift Current Energy

Acquisition Highlights
  • This is Buckeye Partners’ 1st and Nala Renewables’ 1st transaction in the Renewable Energy sector.
  • This is Buckeye Partners’ 3rd and Nala Renewables’ 1st transaction in the United States.
  • This is Buckeye Partners’ 1st and Nala Renewables’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-04-07
Target Swift Current Energy
Sector Renewable Energy
Buyer(s) Buckeye Partners
Nala Renewables
Deal Type Add-on Acquisition

Target

Swift Current Energy

Boston, Massachusetts, United States
Swift Current Energy is a utility scale renewable energy platform that develops, owns, and operates solar, onshore wind and energy storage projects. Swift Current Energy was founded in 2016 and is based in Boston, Massachusetts.

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Buyer(S) 2

Buyer

Buckeye Partners

Houston, Texas, United States
Category Company
Founded 1886
Sector Energy Services and Equipment
Employees1,850
Revenue 4.1B USD (2018)
DESCRIPTION
Entrance to Buckeye Partners' corporate headquarters in Houston, Texas.
Entrance to Buckeye Partners' corporate headquarters in Houston, Texas.

Buckeye Partners owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. Buckeye Partners was originally established in 1886 and is based in Houston, Texas.

DEAL STATS #
Overall 5 of 6
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Magellan Midstream Partners - Select Marine Terminals

Tulsa, Oklahoma, United States

Magellan Midstream Partners LP's Select Marine Terminals is a provider of energy services. The terminals are located in New Haven, Connecticut, Wilmington, Delaware and Marrero, Louisiana.

Buy $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Bear Head Energy

Dartmouth, Nova Scotia, Canada

Bear Head Energy owns a clean energy development project located in an industrial complex located on 251 acres of land and a 68-acre water lot on the northeast bank of the Strait of Canso, the Project enjoys access to one of the northern-most, year-round ice-free ports with advantaged proximity to critical demand markets in AtlaBear Head Energy. Bear Head Energy is based in Dartmouth, Nova Scotia.

Buy -
Buyer

Nala Renewables

London, United Kingdom
Category Company
Founded 2020
Sector Renewable Energy
DESCRIPTION

Nala Renewables is a global power and renewable energy business that acquires, develops, builds and operates solar, wind and power storage projects. Nala Renewables was founded in 2020 and is based in London, England.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

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