M&A Deal Summary

Hydro One Acquires Peterborough Distribution

On August 1, 2018, Hydro One acquired utilities company Peterborough Distribution from The City of Peterborough for 105M USD

Acquisition Highlights
  • This is Hydro One’s 5th transaction in the Utilities sector.
  • This is Hydro One’s 2nd largest (disclosed) transaction.
  • This is Hydro One’s 4th transaction in Canada.
  • This is Hydro One’s 4th transaction in Ontario.

M&A Deal Summary
Date 2018-08-01
Target Peterborough Distribution
Sector Utilities
Buyer(s) Hydro One
Sellers(s) The City of Peterborough
Deal Type Divestiture
Deal Value 105M USD

Target

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.

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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 5 of 5
Sector (Utilities) 5 of 5
Type (Divestiture) 3 of 3
State (Ontario) 4 of 4
Country (Canada) 4 of 4
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS 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(S) 1

SELLER

The City of Peterborough

Peterborough, Ontario, Canada
Category Company
Sector Business Services
DESCRIPTION

The City of Peterborough has many trails and parks right within the city and easy access to cottage country. It is close enough to major centers yet far enough to be an independent city with its own soul. It provides animal services, children's services, emergency services, fire services, garbage and recycling, home and property, library, maps, seniors' services, social services, and utilities.

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 (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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