M&A Deal Summary

Fortistar Renewables Acquires Gas Recovery Systems

On September 15, 2006, Fortistar Renewables acquired metals/mining company Gas Recovery Systems from Clean Power Income Fund for 90M USD

Acquisition Highlights
  • This is Fortistar Renewables’ 1st transaction in the Metals/Mining sector.
  • This is Fortistar Renewables’ largest (disclosed) transaction.
  • This is Fortistar Renewables’ 1st transaction in the United States.
  • This is Fortistar Renewables’ 1st transaction in California.

M&A Deal Summary
Date 2006-09-15
Target Gas Recovery Systems
Sector Metals/Mining
Buyer(s) Fortistar Renewables
Sellers(s) Clean Power Income Fund
Deal Type Divestiture
Deal Value 90M USD
Advisor(s) Ewing Bemiss & Co. (Financial)

Target

Gas Recovery Systems

Livermore, California, United States
Gas Recovery Systems LLC provides oil and gas porjects. GRS has a portfolio of 29 landfill gas to energy projects across the U.S. W

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Buyer(S) 1

Buyer

Fortistar Renewables

White Plains, New York, United States
Category Company
Founded 1974
Sector Renewable Energy
DESCRIPTION

Fortistar Renewables LLC provides renewable energy services.

DEAL STATS #
Overall 1 of 4
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 3
State (California) 1 of 2
Country (United States) 1 of 4
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Primary Energy Recycling

Oak Brook, Illinois, United States

Primary Energy Recycling is a developer, owner and operator of power and thermal cogeneration systems onsite at industrial facilities. Primary Energy Recycling was founded in 2003 and is based in Oak Brook, Illinois.

Buy -

Seller(S) 1

SELLER

Clean Power Income Fund

Toronto, Ontario, Canada
Category Company
Founded 2001
Sector Financial Services
DESCRIPTION

Clean Power Income Fund is an open-ended investment trust that is invested in 15 power generating facilities located in Québec, Ontario, Alberta, British Columbia and four U.S. states with a total capacity of 303 MW. Three environmentally preferred technologies - windpower, waterpower and biomass - deliver electricity almost exclusively under long-term sales contracts and at minimal to zero fuel cost.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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