M&A Deal Summary

Hydro One Acquires Orillia Power Distribution

On August 15, 2016, Hydro One acquired utilities company Orillia Power Distribution from City of Orillia for 41M USD

Acquisition Highlights
  • This is Hydro One’s 4th transaction in the Utilities sector.
  • This is Hydro One’s 3rd largest (disclosed) transaction.
  • This is Hydro One’s 3rd transaction in Canada.
  • This is Hydro One’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2016-08-15
Target Orillia Power Distribution
Sector Utilities
Buyer(s) Hydro One
Sellers(s) City of Orillia
Deal Type Divestiture
Deal Value 41M USD

Target

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.

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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 4 of 5
Sector (Utilities) 4 of 5
Type (Divestiture) 2 of 3
State (Ontario) 3 of 4
Country (Canada) 3 of 4
Year (2016) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 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.

Buy $222M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Peterborough Distribution

Peterborough, Ontario, Canada

Peterborough Distribution, Inc. provides electricity and water services in Peterborough, Lakefield, and Norwood. The company develops and operates electricity generation, energy equipment rentals, and commercial metering services both in Peterborough and other areas of the Province. Peterborough Distribution was formed in 1910 and is based in Peterborough, Ontario.

Buy $105M

Seller(S) 1

SELLER

City of Orillia

Orillia, Ontario, Canada
Category Company
Sector Utilities
DESCRIPTION

City of Orillia is an electrical transmission and distribution utility services.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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