M&A Deal Summary

Enstor Acquires Caledonia Energy Partners

On May 20, 2008, Enstor acquired renewable energy company Caledonia Energy Partners from Tenaska Capital Management for 184M EUR

Acquisition Highlights
  • This is Enstor’s 1st transaction in the Renewable Energy sector.
  • This is Enstor’s 2nd largest (disclosed) transaction.
  • This is Enstor’s 1st transaction in the United States.
  • This is Enstor’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2008-05-20
Target Caledonia Energy Partners
Sector Renewable Energy
Buyer(s) Enstor
Sellers(s) Tenaska Capital Management
Deal Type Add-on Acquisition
Deal Value 184M EUR

Target

Caledonia Energy Partners

Caledonia, Massachusetts, United States
Caledonia Energy Partners, LLC converted a depleted natural gas reservoir into a high-deliverability, multi-cycle gas storage facility that is interconnected with the Tennessee Gas Pipeline.

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Buyer(S) 1

Buyer

Enstor

Katy, Texas, United States
Category Company
Sector Infrastructure
DESCRIPTION

The ENSTOR Caledonia storage facility is a high-deliverability, multi-cycle gas storage facility in Lowndes County, Mississippi.

DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Sempra Energy - U.S. Natural Gas Storage Facilities

San Diego, California, United States

Sempra Energy - U.S. Natural Gas Storage Facilities is a provider of natural gas storage facilities.

Buy $332M

Seller(S) 1

SELLER

Tenaska Capital Management

Omaha, Nebraska, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 3.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Tenaska Capital Management (TCM) is the private equity affiliate of integrated energy company Tenaska. TCM was formed to leverage Tenaska's sector expertise to pursue opportunities for investment in the North American energy sector. Specific areas of interest include power generating plants; national providers of transmission and pipeline construction and maintenance services; and natural gas storage facilities. Tenaska Capital Management is based in Omaha, Nebraska.

DEAL STATS #
Overall 3 of 15
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 3 of 9
State (Massachusetts) 1 of 1
Country (United States) 3 of 15
Year (2008) 3 of 4
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-12 APT Generation

Omaha, Nebraska, United States

APT Generation LLC owned three relatively new natural gas-fired electricity generation plants known as Armstrong (western Pennsylvania), Pleasants (West Virginia), and Troy (northwestern Ohio) with combined capacity of 1,538 megawatts. These facilities utilize modern simple-cycle generation technology which is efficient, reliable and flexible.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-27 Rolling Hills Generating

Wilkesville, Ohio, United States

Rolling Hills Generating LLC is a simple-cycle plant that provides electric generating capacity to the PJM Interconnection market during periods of peak demand. Rolling Hills Generating was founded in 2003 and is based in Wilkesville, Ohio.

Buy -
Mergr

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