Add-on Acquisition • Energy Services and Equipment

Koch Energy Services Acquires Odessa Power Holdings

On October 8, 2013, Koch Energy Services acquired energy services and equipment company Odessa Power Holdings from ECP

Acquisition Context
  • This is Koch Energy Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is Koch Energy Services’ 1st transaction in the United States.
  • This is Koch Energy Services’ 1st transaction in Texas.

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M&A Deal Summary

Date October 8, 2013
Target Odessa Power Holdings
Sector Energy Services and Equipment
Buyer(s) Koch Energy Services
Sellers(s) ECP
Deal Type Add-on Acquisition

Target Company

Odessa Power Holdings

Odessa, Texas, United States
Odessa Power Holdings LLC generates 1,000 MW combined cycle natural gas turbine (“CCGT”) power plant in West Texas.
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Buyer Overview 1

Buyer

Koch Energy Services

Wilmington, Delaware, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1

Seller Profile 1

SELLER

ECP

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.


Deal Context for Seller #
Overall 6 of 31
Sector: Energy Services and Equipment 3 of 9
Type: Add-on Acquisition 4 of 15
State: Texas 2 of 12
Country: United States 6 of 29
Year: 2013 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-30 Brayton Point Holdings

Somerset, Massachusetts, United States

Brayton Point Holdings LLC is a fossil generating facility. The facility is an efficient, reliable, clean, and safe producer of electricity with a seasonal weighted capacity of 1,557 megawatts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-07 Red Oak Power

Sayreville, New Jersey, United States

Red Oak Power provides vintage combined cycle gas turbine facility that uses proven low heat rate siemens 501F technology, which has a long track record of reliability in power plants across the U.S. Red Oak Power is based in Sayreville, New Jersey.

Sell $1.2B