M&A Deal Summary |
|
|---|---|
| Date | 2017-10-12 |
| Target | Eversource Energy - Nine Hydroelectric Facilities |
| Sector | Utilities |
| Buyer(s) | Hull Street Energy |
| Sellers(s) | Eversource Energy |
| Deal Type | Divestiture |
| Deal Value | 83M USD |
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Hull Street Energy is a private investment firm focused on the energy sector. Hull Street Energy invests in middle-market power companies that are strategically positioned for growth as North American fuel supply, generation, transmission, and behind-the-meter assets transition to support a more sustainable future. Hull Street seeks controlling equity investments in middle market energy opportunities including operating gas fired power plants, operating and late stage development renewable projects, electricity transmission and distribution assets, and demand side resources such as grid optimization, distributed generation, and customer supply businesses. Hull Street Energy was formed in 2014 and is based in Bethesda, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 13 |
| Sector (Utilities) | 1 of 3 |
| Type (Divestiture) | 2 of 8 |
| State (Massachusetts) | 1 of 2 |
| Country (United States) | 2 of 13 |
| Year (2017) | 2 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-13 |
Maxim Power
Carson City, Nevada, United States Maxim Power (USA) Inc. owns and operates five natural gas-fired electric generation facilities. The company is based in the United States. |
Buy | $106M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-06 |
NextEra Energy Resources - Bayswater Energy Center
Far Rockaway, New York, United States NextEra Energy Resources LLC - Bayswater Energy Center is a 56-megawatt simple-cycle natural-gas-fired power plant and A Pratt & Whitney Power Systems combustion turbine, When operating at full power, the plant is capable of generating enough electricity for 56,000 homes. Began commercial operation in 2002. |
Buy | - |
| Category | Company |
|---|---|
| Sector | Utilities |
| Employees | 10,000 |
| Revenue | 11.9B USD (2023) |
Eversource Energy operates new england's utility system serving more than 3.6 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. Eversource Energy is headquartered in Springfield, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Utilities) | 2 of 2 |
| Type (Divestiture) | 3 of 3 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2017) | 2 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-12 |
Eversource Energy - Three Fossil Generation Facilities
United States Eversource Energy - Three Fossil Generation Facilities and two remote combustion turbines comprises Fossil Assets – 1,130.1 MW total nameplate capacity Merrimack Station, Bow; Coal/oil; 502.0 total megawatts (MW) Newington Station, Newington; Oil and/or natural gas; 416.0 MW Schiller Station, Portsmouth; Coal/oil/biomass; 171.7 total MW Lost Nation, Groveton; Oil; 18.0 MW White Lake, Tamworth; Jet fuel; 22.4 MW. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-26 |
Columbia Gas of Massachusetts
Westborough, Massachusetts, United States Columbia Gas of Massachusetts Columbia Gas currently serves 330,000 natural gas customers in more than 60 communities in Massachusetts. Columbia Gas of Massachusetts is based in Westborough, Massachusetts. |
Buy | - |
