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  6. FirstLight Power Resources Acquires Hydroméga Services

M&A Deal Summary

FirstLight Power Resources Acquires Hydroméga Services

On September 13, 2023, FirstLight Power Resources acquired utilities company Hydroméga Services

Acquisition Highlights
  • This is FirstLight Power Resources’ 1st transaction in the Utilities sector.
  • This is FirstLight Power Resources’ 1st transaction in Canada.
  • This is FirstLight Power Resources’ 1st transaction in Quebec.

M&A Deal Summary
Date 2023-09-13
Target Hydroméga Services
Sector Utilities
Buyer(s) FirstLight Power Resources
Deal Type Add-on Acquisition
Advisor(s) TD Securities
KPMG Corporate Finance (Financial)
Davies Ward Phillips & Vineberg (Legal)

Target

Hydroméga Services

Montréal, Quebec, Canada
Hydroméga Services is an independent clean power producer and developer. Hydroméga Services was founded in 1987 and is based in Montréal, Quebec.

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Buyer(S) 1

Buyer

FirstLight Power Resources

Hartford, Connecticut, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

FirstLight Power Resources Inc. (formerly NE Energy Inc.) owns and operates a portfolio of 15 high-quality power plants in Massachusetts and Connecticut, representing more than 1,440 megawatts of generating capacity. It includes two pumped storage stations, 11 hydro stations, one coal-fired power plant and one oil-fired internal combustion peaker.

DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
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