M&A Deal Summary

Hydro One Acquires Norfolk Power

On July 3, 2014, Hydro One acquired utilities company Norfolk Power

Acquisition Highlights
  • This is Hydro One’s 1st transaction in the Utilities sector.
  • This is Hydro One’s 1st transaction in Canada.
  • This is Hydro One’s 1st transaction in Ontario.

M&A Deal Summary
Date 2014-07-03
Target Norfolk Power
Sector Utilities
Buyer(s) Hydro One
Deal Type Add-on Acquisition

Target

Norfolk Power

Simcoe, Ontario, Canada
Norfolk Power, Inc. is a holding company for subsidiary Norfolk Power Distribution. Norfolk Power Distribution is a distributor of electricity to approximately 18,000 customers in both urban and rural areas within Norfolk County.

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Buyer(S) 1

Buyer

Hydro One

Toronto, Ontario, Canada
Category Company
Founded 2015
Sector Utilities
Employees7,044
Revenue 7.8B CAD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 1 of 5
Sector (Utilities) 1 of 5
Type (Add-on Acquisition) 1 of 2
State (Ontario) 1 of 4
Country (Canada) 1 of 4
Year (2014) 1 of 1
FOLLOWING 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.

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