M&A Deal Summary

Eagle Creek Renewable Energy Acquires Madison Paper Industries - Hydro Facilities

On August 8, 2017, Eagle Creek Renewable Energy acquired forest products company Madison Paper Industries - Hydro Facilities from Madison Paper Industries

Acquisition Highlights
  • This is Eagle Creek Renewable Energy’s 1st transaction in the Forest Products sector.
  • This is Eagle Creek Renewable Energy’s 2nd transaction in the United States.
  • This is Eagle Creek Renewable Energy’s 1st transaction in Michigan.

M&A Deal Summary
Date 2017-08-08
Target Madison Paper Industries - Hydro Facilities
Sector Forest Products
Buyer(s) Eagle Creek Renewable Energy
Sellers(s) Madison Paper Industries
Deal Type Divestiture

Target

Madison Paper Industries - Hydro Facilities

Madison, Michigan, United States
Madison Paper Industries, Inc. - Hydro Facilities includes 9-MW Anson and 19-MW Abenaki facilities located on the Kennebec River in Madison, Anson, and Starks, Maine. The two facilities were part of the Madison Paper mill complex and formerly provided power to the mill until it closed in May 2016. As independent facilities owned by Eagle Creek, they will now provide approximately 150 million kilowatt-hours per year of clean, renewable energy to the New England power grid.

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Buyer(S) 1

Buyer

Eagle Creek Renewable Energy

Morristown, New Jersey, United States
Category Company
Founded 2010
Sector Renewable Energy
DESCRIPTION

Eagle Creek Renewable Energy LLC is an owner, operator and developer of hydroelectric power projects. Eagle Creek’s projects provide clean energy to electricity consumers in North America while providing recreational opportunities and protecting historical resources and the environment.

DEAL STATS #
Overall 2 of 4
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-16 Swift River

Hamilton, Massachusetts, United States

Swift River Co. is an owns and operator a portfolio of run-of-the-river hydroelectric power plants in New England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 American Electric Power - Racine Hydro Plant

Columbus, Ohio, United States

Racine Hydro Plant is a 48-megawatt (MW) hydroelectric Racine Plant in Racine, Ohio.

Buy -

Seller(S) 1

SELLER

Madison Paper Industries

Madison, Michigan, United States
Category Company
Sector Forest Products
DESCRIPTION

Madison Paper Industries, Inc. is a provider of paper products and services. Madison Paper Industries's mill includes the real estate of the main paper mill site as well as all mill equipment.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
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