M&A Deal Summary

LS Power Development Acquires University Park Energy

On April 6, 2011, LS Power Development acquired energy services and equipment company University Park Energy from Tenaska Capital Management

Acquisition Highlights
  • This is LS Power Development’s 1st transaction in the Energy Services and Equipment sector.
  • This is LS Power Development’s 1st transaction in the United States.
  • This is LS Power Development’s 1st transaction in Illinois.

M&A Deal Summary
Date 2011-04-06
Target University Park Energy
Sector Energy Services and Equipment
Buyer(s) LS Power Development
Sellers(s) Tenaska Capital Management
Deal Type Add-on Acquisition

Target

University Park Energy

Chicago, Illinois, United States
University Park Energy LLC is a simple-cycle plant provides electric generating capacity to the PJM Interconnection market during periods of peak demand.

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Buyer(S) 1

Buyer

LS Power Development

New York,, New York, United States
Category Company
Founded 1990
Sector Renewable Energy
DESCRIPTION

LS Power is an employee-owned, independent power company.We are a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States.We have developed, constructed, managed or acquired more than 32,000 MW of competitive power generation and 470 miles of transmission infrastructure.

DEAL STATS #
Overall 1 of 11
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 6
State (Illinois) 1 of 2
Country (United States) 1 of 10
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 Columbia Solar Energy 19 MW PV

United States

Sell -

Seller(S) 1

SELLER

Tenaska Capital Management

Omaha, Nebraska, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 3.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Tenaska Capital Management (TCM) is the private equity affiliate of integrated energy company Tenaska. TCM was formed to leverage Tenaska's sector expertise to pursue opportunities for investment in the North American energy sector. Specific areas of interest include power generating plants; national providers of transmission and pipeline construction and maintenance services; and natural gas storage facilities. Tenaska Capital Management is based in Omaha, Nebraska.

DEAL STATS #
Overall 7 of 15
Sector (Energy Services and Equipment) 5 of 10
Type (Add-on Acquisition) 7 of 9
State (Illinois) 1 of 3
Country (United States) 7 of 15
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Frontier Midstream Solutions II

Tulsa, Oklahoma, United States

Frontier Midstream Solutions II LLC was formed in March 2008 with a strategy of acquiring and/or building greenfield midstream development projects, initially located in the Fayetteville Shale, Marcellus Shale, Permian Basin, and the Mid-Continent area.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 Rio Nogales Power Project

Seguin, Texas, United States

Rio Nogales Power Project LP is a combined-cycle plant provides electric generating capacity to the Electric Reliability Council of Texas (ERCOT) market.

Sell -
Mergr

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