M&A Deal Summary

Maxim Power Acquires Capital District Energy Centre Cogeneration Associates

On August 11, 2006, Maxim Power acquired energy services and equipment company Capital District Energy Centre Cogeneration Associates

Acquisition Highlights
  • This is Maxim Power’s 1st transaction in the Energy Services and Equipment sector.
  • This is Maxim Power’s 2nd transaction in the United States.
  • This is Maxim Power’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2006-08-11
Target Capital District Energy Centre Cogeneration Associates
Sector Energy Services and Equipment
Buyer(s) Maxim Power
Deal Type Add-on Acquisition

Target

Capital District Energy Centre Cogeneration Associates

Hartford, Connecticut, United States
Capital District Energy Centre Cogeneration Associates ("CDECCA") Power Plant is a 67 Megawatt ("MW") natural gas fired combined cycle cogeneration plant located in downtown Hartford, Connecticut, USA.

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Buyer(S) 1

Buyer

Maxim Power

Calgary, Alberta, Canada

Category Company
Founded 2010
Sector Renewable Energy
Employees44
Revenue 41M CAD (2023)
DESCRIPTION

Maxim Power is an independent power producer which acquires or develops, owns and operates innovative and environmentally responsible power and power related projects. MAXIM currently owns and operates 39 power plants in Alberta, the United States and France, having 778 MW of electric generating capacity. MAXIM provides innovative distributed power solutions in domestic and international energy markets. Maxim Power was incorporated in 2010 and is based in Calgary, Canada.


DEAL STATS #
Overall 3 of 6
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Connecticut) 1 of 1
Country (United States) 2 of 4
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-06 Basin Creek Equity Partners

Butte, Montana, United States

Basin Creek Equity Partners LLC is the owner and developer of a 51.8 megawatt ("MW") power project in Butte, Montana. The Project has been developed by Basin Creek Power Services ("BCPS"). The Project will provide electricity under a 20 year Capacity and Energy Sales Agreement ("CESA") with NorthWestern Corporation ("NorthWestern"), which is the default electricity supplier in the State of Montana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-11 Balleycourt Cogen Plant

Verdun, France

Balleycourt Cogen Plant is an 8.0 MW thermal power plant and is based in Verdun, France.

Buy €5M