M&A Deal Summary

La Caisse and Suez Acquire SUEZ Water Technologies & Solutions

On March 8, 2017, asset manager La Caisse and Suez acquired environmental company SUEZ Water Technologies & Solutions from General Electric for 3.4B USD

Acquisition Highlights
  • This is La Caisse’s 1st and Suez’s 1st transaction in the Environmental sector.
  • This is La Caisse’s 7th and Suez’s largest (disclosed) transaction.
  • This is La Caisse’s 4th and Suez’s 2nd transaction in the United States.
  • This is La Caisse’s 1st and Suez’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2017-03-08
Target SUEZ Water Technologies & Solutions
Sector Environmental
Buyer(s) La Caisse
Suez
Sellers(s) General Electric
Deal Type Divestiture
Deal Value 3.4B USD

Target

SUEZ Water Technologies & Solutions

Minnetonka, Minnesota, United States
SUEZ Water Technologies & Solutions engages in the provision of equipment, chemicals and services for the treatment of water and wastewater. In order to address its industrial clients’ increasingly complex needs, GE Water invests heavily in research and development of unique solutions. Its innovative technology has made it one of the most sophisticated players in its industry. SUEZ Water Technologies & Solutions is based in Minnetonka, Minnesota.

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Buyer(S) 2

Buyer

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 31 of 106
Sector: Environmental M&A 1 of 4
Type: Divestiture M&A Deals 1 of 6
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 26
Year: 2017 M&A 2 of 15
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 5N Plus

Montreal, Quebec, Canada

5N Plus is a producer of specialty metal and chemical products. Fully integrated with closed-loop recycling facilities. 5N Plus manufactures critical precursors and key enablers used in a number of industries such as clean energy, electronic, pharmaceutical, medical imaging, paint pigments, security, and surveillance. 5N Plus is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 USI Insurance Services

Valhalla, New York, United States

USI Insurance Services is a provider of a fully integrated distribution of general and specialty property and casualty insurance and financial services such as employee benefits outsourcing and related consulting. USI Insurance Services was founded in 1994 and is based in Valhalla, New York.

Buy $4.3B
Buyer

Suez

Paris, France

Category Company
Founded 1869
Sector Utilities
Revenue 17.2B EUR (2020)
DESCRIPTION

Suez Environment supplies drinking water, provides waste water treatment services and collects the waste produced by more than 52 million people. Suez was founded in 1869 and is based in Paris, France.


DEAL STATS #
Overall 5 of 13
Sector: Environmental M&A 1 of 7
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2017 M&A 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 Poseidon

Canada

Poseidon designs and manufactures compact separator systems by flotation for industrial water treatment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Quality Circular Polymers

Geleen, Netherlands

Quality Circular Polymers is a manufacturer of polymers of high and consistent quality based on used plastics. Reliable supply, integration, leading technologies and innovative recipes enable QCP to push the circular plastics industry to the next level.

Buy -

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States

Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 38.7B USD (2024)
DESCRIPTION
General Electric office in Dubai, United Arab Emirates.
General Electric office in Dubai, United Arab Emirates.

General Electric is a diversified technology and financial services company. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 34 of 46
Sector: Environmental M&A 1 of 1
Type: Divestiture M&A Deals 28 of 38
State: Minnesota M&A 1 of 1
Country: United States M&A 26 of 35
Year: 2017 M&A 3 of 4
Size (of disclosed) 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Integral Aerospace

Santa Ana, California, United States

Integral Aerospace is a manufacturer of flight critical subsystems and components of military and commercial aircraft. The Company provides detailed manufacturing solutions through composite manufacturing, filament winding of pressure vessels, hard metals machining and sub-system assemblies, from rapid proto-typing through testing and qualification. Integral Aerospace is based in Santa Ana, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Gesat

Dammam, Saudi Arabia

Gesat manufactures heavy duty gas turbines, accessory module skids, and components. Gesat was founded in 2017 and is based in Dammam, Saudi Arabia.

Buy -