M&A Deal Summary |
|
|---|---|
| Date | 2007-08-01 |
| Target | Delta Regina Hotel |
| Sector | Leisure |
| Buyer(s) | Fortis |
| Deal Type | Add-on Acquisition |
| Deal Value | 50M USD |
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Fortis is a distribution utility in Canada, serving more than 2 million gas and electricity customers. Its regulated holdings include electric utilities in five Canadian provinces and two Caribbean countries and a natural gas utility in British Columbia. Fortis owns non?regulated hydroelectric generation assets in Canada, Belize and Upstate New York. Fortis also owns hotels and commercial real estate in Canada. Fortis was formed in 1977 and is based in St. John's, Newfoundland. Fortis was incorporated in 1885 and is based in Saint John's, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 10 |
| Sector: Leisure M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 3 of 9 |
| State: Saskatchewan M&A | 1 of 1 |
| Country: Canada M&A | 3 of 4 |
| Year: 2007 M&A | 2 of 2 |
| Size (of disclosed) | 8 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-05-17 |
Terasen International
Vancouver, British Columbia, Canada Terasen Gas serves approximately 900,000 customers or 95% of gas users in British Columbia. The Company owns and operates 44,100 kilometres of natural gas distribution pipelines and 4,300 kilometres of natural gas transmission pipelines. |
Buy | $3.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-10-08 |
Great Lakes Power Distribution
Sault Ste. Marie, Ontario, Canada Great Lakes Power Distribution Inc. serves approximately 12,000 customers located in the district of Algoma in northern Ontario. Its assets include more than 1,800 kilometers of distribution lines in an area that covers approximately 14,200 square kilometers, which is more than double the size of the Greater Toronto Area. |
Buy | $75M |
