Divestiture • Utilities

Hydro One Acquires Brookfield Infrastructure - Great Lakes Power Electricity Transmission Business

On January 29, 2016, Hydro One acquired utilities company Brookfield Infrastructure - Great Lakes Power Electricity Transmission Business from Brookfield for 222M USD

Acquisition Context
  • This is Hydro One’s 3rd transaction in the Utilities sector.
  • This is Hydro One’s largest (disclosed) transaction.
  • This is Hydro One’s 1st transaction in the United States.

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M&A Deal Summary

Date January 29, 2016
Target Brookfield Infrastructure - Great Lakes Power Electricity Transmission Business
Sector Utilities
Buyer(s) Hydro One
Sellers(s) Brookfield
Deal Type Divestiture
Deal Value 222M USD

Target Company

Brookfield Infrastructure - Great Lakes Power Electricity Transmission Business

United States
Brookfield Infrastructure - Great Lakes Power Electricity Transmission Business is a provider of power utilities services.
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Buyer Overview 1

Buyer

Hydro One

Toronto, Ontario, Canada

Category Company
Founded 2015
Sector Utilities
Employees7,261
Revenue 8.5B CAD (2024)
DESCRIPTION

Hydro One is an electrical transmission and distribution utility services. Hydro One was founded in 2015 and is based in Toronto, Ontario.


Deal Context for Buyer #
Overall 3 of 5
Sector: Utilities 3 of 5
Type: Divestiture 1 of 3
Country: United States 1 of 1
Year: 2016 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Haldimand County Utilities

Caledonia, Ontario, Canada

Haldimand County Utilities, Inc. is a provider of electricity services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Orillia Power Distribution

Orillia, Ontario, Canada

Orillia Power Distribution Corp. is a power distribution company with a rate base of $28.2 million, serves approximately 14,000 customers and is located in Simcoe County, part of the Huronia region of Central Ontario.

Buy $41M

Seller Profile 1

SELLER

Brookfield

Hamilton, Bermuda

Category Company
Founded 2007
Sector Utilities
Revenue 21.0B USD (2024)
DESCRIPTION

Brookfield operates long life, high quality infrastructure assets with high barriers to entry and low maintenance capital requirements that generate stable and growing cash flows. Brookfield was founded in 2007 and is based in Hamilton, Bermuda.


Deal Context for Seller #
Overall 2 of 3
Sector: Utilities 1 of 1
Type: Divestiture 2 of 2
Country: United States 1 of 2
Year: 2016 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-14 Niska Gas Storage Partners

Radnor, Pennsylvania, United States

Niska Gas Storage Partners LLC is an independent natural gas storage company. Niska Gas Storage Partners was founded in 2006 and is based in Radnor, Pennsylvania.

Buy $912M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-04 Enbridge - Western Canadian Midstream Business

Calgary, Alberta, Canada

Enbridge, Inc. - Western Canadian Midstream Business includes 19 natural gas processing facilities with total operating processing capacity of 3.3 Bcf/d and 3,550 kilometers of gathering pipelines, with connectivity to major demand markets including the U.S. Pacific Northwest, U.S. Midwest and Western Canada.

Buy CA$4.3B

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