M&A Deal Summary

Cogentrix Energy Acquires Tiverton Power

On November 26, 2018, Cogentrix Energy acquired utilities company Tiverton Power from Emera

Acquisition Highlights
  • This is Cogentrix Energy’s 2nd transaction in the Utilities sector.
  • This is Cogentrix Energy’s 2nd transaction in the United States.
  • This is Cogentrix Energy’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2018-11-26
Target Tiverton Power
Sector Utilities
Buyer(s) Cogentrix Energy
Sellers(s) Emera
Deal Type Divestiture

Target

Tiverton Power

Tiverton, Rhode Island, United States
Tiverton Power owns and operates natural gas-fired combined cycle power generation plant. Tiverton Power was founded in 2007 and is based in Tiverton, Rhode Island.

Search 199,847 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Cogentrix Energy

Charlotte, North Carolina, United States
Category Company
Founded 1983
Sector Renewable Energy
DESCRIPTION

Cogentrix Energy is an independent power producer with a long track record of successfully acquiring, developing, constructing, operating and improving power generation assets across the United States. Cogentrix Energy was founded in 1983 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 2 of 2
Sector (Utilities) 2 of 2
Type (Divestiture) 2 of 2
State (Rhode Island) 1 of 1
Country (United States) 2 of 2
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Bridgeport Energy

Bridgeport, Connecticut, United States

Bridgeport Energy is a natural gas-fired combined cycle power generation plant located in Bridgeport, Connecticut, with a nominal capacity of 520 megawatts (MW).

Buy -

Seller(S) 1

SELLER

Emera

Halifax, Nova Scotia, Canada
Category Company
Founded 1998
Sector Utilities
Employees7,366
Revenue 7.6B CAD (2023)
DESCRIPTION

Emera is a geographically diverse energy and services company. The company invests in electricity generation, transmission, and distribution, as well as gas transmission and utility energy services. Emera was founded in 1998 and is based in Halifax, Canada.

DEAL STATS #
Overall 3 of 4
Sector (Utilities) 3 of 4
Type (Divestiture) 2 of 3
State (Rhode Island) 1 of 1
Country (United States) 3 of 4
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Bridgeport Energy

Bridgeport, Connecticut, United States

Bridgeport Energy is a natural gas-fired combined cycle power generation plant located in Bridgeport, Connecticut, with a nominal capacity of 520 megawatts (MW).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Emera Maine

Bangor, Maine, United States

Emera Maine is a regulated electric transmission and distribution utility. Emera Maine installs, operates and maintain transmission and distribution infrastructure such as poles and wires, substations, and meters. Emera Maine was founded in 2014 and is based in Bangor, Maine.

Sell $1.3B
Mergr

Product

Company

Legal