M&A Deal Summary

J-POWER USA Investment Acquires Tenaska Pennsylvania Partners

On January 12, 2017, J-POWER USA Investment acquired utilities company Tenaska Pennsylvania Partners from Tenaska

Acquisition Highlights
  • This is J-POWER USA Investment’s 1st transaction in the Utilities sector.
  • This is J-POWER USA Investment’s 1st transaction in the United States.
  • This is J-POWER USA Investment’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-01-12
Target Tenaska Pennsylvania Partners
Sector Utilities
Buyer(s) J-POWER USA Investment
Sellers(s) Tenaska
Deal Type Divestiture

Target

Tenaska Pennsylvania Partners

Pennsylvania, United States
Tenaska Pennsylvania Partners LLC is an own and operater of Tenaska Westmoreland Generating Station.

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Buyer(S) 1

Buyer

J-POWER USA Investment

Tokyo, Japan

Category Company
Sector Utilities
DESCRIPTION

J-POWER USA Investment Co., Ltd is an own and operator of power generation facilities in North America through its team of power professionals with a proven track record of successfully developing and acquiring power projects in the IPP sector.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Tenaska

Omaha, Nebraska, United States

Category Company
Founded 1986
Sector Oil/Gas Exploration
DESCRIPTION
Entrance to Tenaska's corporate headquarters in Omaha, Nebraska.
Entrance to Tenaska's corporate headquarters in Omaha, Nebraska.

Tenaska is an independent power producer serving the US market. Tenaska markets natural gas, electric power and biofuels and is also involved in private equity investment management. Tenaska was formed in 1986 and is based in Omaha, Nebraska.


DEAL STATS #
Overall 1 of 2
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Clinton Biodiesel

Clinton, Iowa, United States

Clinton Biodiesel LLC is a bio-diesel refinery plant.

Sell -