Add-on Acquisition • Utilities

FirstLight Power Resources Acquires Hydroméga Services

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

Acquisition Context

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.

Explore All 448 Add-on Acquisition Utilities Deals - Search the Database Free

M&A Deal Summary
Date	September 13, 2023
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 Company

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.

Explore More Deals

Browse All 215,130 Deals

FILTER BY

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

Search Free

Buyer Overview 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 Context for Buyer	#
Overall	1 of 1
Sector: Utilities	1 of 1
Type: Add-on Acquisition	1 of 1
State: Quebec	1 of 1
Country: Canada	1 of 1
Year: 2023	1 of 1

Explore Related M&A Activity

Utilities M&A - Add-on Acquisition M&A Deals - Quebec M&A - Canada M&A - 2023 M&A