M&A Deal Summary

Maxim Power Acquires HR Milner Power Station

On August 26, 2003, Maxim Power acquired renewable energy company HR Milner Power Station

Acquisition Highlights
  • This is Maxim Power’s 1st transaction in the Renewable Energy sector.
  • This is Maxim Power’s 1st transaction in Canada.
  • This is Maxim Power’s 1st transaction in Alberta.

M&A Deal Summary
Date 2003-08-26
Target HR Milner Power Station
Sector Renewable Energy
Buyer(s) Maxim Power
Deal Type Add-on Acquisition

Target

HR Milner Power Station

Grande Cache, Alberta, Canada
HR Milner Power Station plant is a 144 MW coal fired power station located near the town of Grande Cache, Alberta.

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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 1 of 6
Sector (Renewable Energy) 1 of 5
Type (Add-on Acquisition) 1 of 4
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2003) 1 of 1
FOLLOWING 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.

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