M&A Deal Summary

Macquarie Acquires Bayonne Energy Center

On February 3, 2015, Macquarie acquired energy services and equipment company Bayonne Energy Center from ArcLight Capital Partners and Hess for 720M USD

Acquisition Highlights
  • This is Macquarie’s 1st transaction in the Energy Services and Equipment sector.
  • This is Macquarie’s largest (disclosed) transaction.
  • This is Macquarie’s 5th transaction in the United States.
  • This is Macquarie’s 1st transaction in New Jersey.
Investment Fate
  • Bayonne Energy Center was divested to a consortium of buyers in 2018 for 900M USD.

M&A Deal Summary
Date 2015-02-03
Target Bayonne Energy Center
Sector Energy Services and Equipment
Buyer(s) Macquarie
Sellers(s) ArcLight Capital Partners
Hess
Deal Type Add-on Acquisition
Deal Value 720M USD

Target

Bayonne Energy Center

Bayonne, New Jersey, United States
Bayonne Energy Center is a 512 MW power generation facility under construction in Bayonne, New Jersey, and interconnected at ConEd's Gowanus substation in Brooklyn (New York Zone J). Bayonne Energy Center is based in Bayonne, New Jersey.

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Buyer(S) 1

Buyer

Macquarie

New York, New York, United States
Category Company
Founded 2004
Sector Infrastructure
Employees2,224
Revenue 236M USD (2021)
DESCRIPTION

Macquarie through its subsidiaries, owns, operates, and invests in infrastructure businesses that provide services to businesses and individuals primarily in the United States. Macquarie was formed in 2004 and is based in New York City.

DEAL STATS #
Overall 5 of 6
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (New Jersey) 1 of 1
Country (United States) 5 of 6
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-14 InSite Wireless Group

Alexandria, Virginia, United States

InSite Wireless Group LLC develops, owns, operates, and manages communications wireless infrastructure facilities primarily for the wireless and broadcast industries. InSite’s tower division is one of the largest privately-owned U.S. tower companies and develops, manages, owns, and operates approximately 1,500 telecommunications towers and sites for wireless carriers across the United States, Puerto Rico, the U.S. Virgin Islands, Canada, and Australia. InSite’s distributed antenna system (DAS) and small cell division specializes in the design, installation, operation, and maintenance of shared wireless infrastructure solutions that enhance the quality and capacity of wireless voice and data services in public facilities and complex environments. InSite Wireless Group was founded in 2000 and is based in Alexandria, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Bayonne Energy Center

Bayonne, New Jersey, United States

Bayonne Energy Center is a 512 MW power generation facility under construction in Bayonne, New Jersey, and interconnected at ConEd's Gowanus substation in Brooklyn (New York Zone J). Bayonne Energy Center is based in Bayonne, New Jersey.

Sell $900M

Seller(S) 2

SELLER

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2001
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.

DEAL STATS #
Overall 18 of 28
Sector (Energy Services and Equipment) 6 of 7
Type (Add-on Acquisition) 6 of 9
State (New Jersey) 3 of 3
Country (United States) 17 of 26
Year (2015) 1 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Southeast PowerGen

Conyers, Georgia, United States

Southeast PowerGen owns a portfolio of gas-fired power generation facilities in Georgia. Southeast PowerGen is based in Conyers, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Pyramid

Middletown, Pennsylvania, United States

Pyramid facilities store and distribute gasoline, diesel fuel, heating oil, and kerosene which are shipped on common carrier pipelines into our large aboveground petroleum storage tank facilities.

Buy -
SELLER

Hess

New York, New York, United States
Category Company
Founded 1920
Sector Oil/Gas Exploration
Employees1,545
Revenue 11.3B USD (2022)
DESCRIPTION

Hess is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. Hess was founded in 1920 and is based in New York, New York.

DEAL STATS #
Overall 13 of 15
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 6 of 7
Year (2015) 1 of 1
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-22 Hess Retail Holdings

New York, New York, United States

Hess Retail Holdings LLC, provides retail and markets gasoline and petroleum refined products.

Sell $2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-22 Hess Norge

Norway

Hess Norge is a provider of oil and gas exploration services. Hess Norge which owns interests in the Valhall and Hod fields in Norway.

Sell $2.0B
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