M&A Deal Summary

Eagle Creek Renewable Energy Acquires Swift River

On August 16, 2016, Eagle Creek Renewable Energy acquired energy services and equipment company Swift River

Acquisition Highlights
  • This is Eagle Creek Renewable Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Eagle Creek Renewable Energy’s 1st transaction in the United States.
  • This is Eagle Creek Renewable Energy’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2016-08-16
Target Swift River
Sector Energy Services and Equipment
Buyer(s) Eagle Creek Renewable Energy
Deal Type Add-on Acquisition
Advisor(s) MFA Capital Advisors (Financial)

Target

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.

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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 1 of 4
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 2
Country (United States) 1 of 4
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Verso Androscoggin Power

Jay, Maine, United States

Verso Androscoggin Power LLC is an own and operates four hydroelectric generation facilities.

Sell $62M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 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.

Buy -