M&A Deal Summary |
|
|---|---|
| Date | 2011-11-22 |
| Target | Richland-Stryker Generation |
| Sector | Utilities |
| Buyer(s) |
Lotus Infrastructure Partners
Post Oak Energy Capital |
| Sellers(s) | FirstEnergy |
| Deal Type | Divestiture |
| Deal Value | 80M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Focused |
Starwood Energy Group, an affiliate of Starwood Capital Group, is a private equity firm that targets investments in energy infrastructure assets. Starwood Energy looks to invest in hard assets with strong contracted cash-flow. This includes opportunistic acquisitions as well as development-stage commitments. The Group's target investment size is $50 to $200 million. Starwood Energy was formed in 2005 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 11 |
| Sector (Utilities) | 4 of 4 |
| Type (Divestiture) | 1 of 4 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 5 of 10 |
| Year (2011) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-10-05 |
Thermo Ft. Lupton Facility
Fort Lupton, Colorado, United States Thermo Ft. Lupton Facility is a 272 MW combined cycle power plant and associated greenhouse steam-host located approximately 25 miles northeast of Denver, Colorado. The project is fully contracted through June 30, 2019 via tolling agreements with Public Service of Colorado and Tri-State Generation and Transmission Association. Thermo is a key resource for Colorado because it serves as “spinning reserve” capacity which can be brought online quickly to meet fluctuations in power supply and demand. Starwood acquired this project from Arroyo Energy Investors and the financial close of this transaction is expected in Q2 2008. The project is expected to generate stable, contracted cash flows for its owners. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-01-17 |
Gainesville Renewable Energy Center
Gainesville, Florida, United States Gainesville Renewable Energy Center is a 100 MW biomass power plant currently under construction in Gainesville, Florida. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| Size | Middle-Market |
| Type | Sector Focused |
Post Oak Energy Capital is a private investment firm focused on growth capital investments US energy companies. Specific areas of interest include exploration and production, oilfield services (manufacturing/distribution), and midstream/related infrastructure assets. Post Oak Energy Capital is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 32 |
| Sector (Utilities) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 9 of 32 |
| Year (2011) | 2 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-01-01 |
Bayou Well Services
Houston, Texas, United States Bayou Well Services LLC is a oilfield service company that provides hydraulic fracturing services, well servicing (workover rigs), frac tank rentals and fluid transfer services for oil and gas operations across the United States. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-03-27 |
Crown Oil Partners V
Midland, Texas, United States Crown Oil Partners V is an oil and gas company with a business model of acquiring and developing low-risk oil and natural gas exploitation properties primarily located in the Permian Basin. Crown Oil Partners will use the proceeds from the investment to accelerate the development of its existing asset base and to acquire additional exploitation assets. Crown Oil Partners V is based in Midland, Texas. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Utilities |
| Employees | 12,042 |
| Revenue | 12.9B USD (2023) |
FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes a investor-owned electric systems and a diverse generating fleet with a total capacity of nearly 18,000 megawatts. FirstEnergy was founded in 1996 and is based in Akron, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector (Utilities) | 1 of 2 |
| Type (Divestiture) | 1 of 4 |
| State (Ohio) | 1 of 2 |
| Country (United States) | 1 of 4 |
| Year (2011) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-02-10 |
Allegheny Energy
Greensburg, Pennsylvania, United States Allegheny Energy, Inc. an electric utility company. Allegheny Energy operates and delivers electric services. |
Buy | $4.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-19 |
Allegheny Energy Supply
Greensburg, Pennsylvania, United States Allegheny Energy Supply Co. LLC is a provider of renewable energy services in US. |
Sell | - |
