M&A Deal Summary

Morgan Stanley Infrastructure Partners Acquires Bayonne Energy Center

On October 15, 2018, infrastructure investor Morgan Stanley Infrastructure Partners acquired energy services and equipment company Bayonne Energy Center from Macquarie for 900M USD

Acquisition Highlights
  • This is Morgan Stanley Infrastructure Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Morgan Stanley Infrastructure Partners’ largest (disclosed) transaction.
  • This is Morgan Stanley Infrastructure Partners’ 4th transaction in the United States.
  • This is Morgan Stanley Infrastructure Partners’ 2nd transaction in New Jersey.

M&A Deal Summary

Date 2018-10-15
Target Bayonne Energy Center
Sector Energy Services and Equipment
Buyer(s) Morgan Stanley Infrastructure Partners
Sellers(s) Macquarie
Deal Type Divestiture
Deal Value 900M 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

DESCRIPTION

Morgan Stanley Infrastructure Partners is the infrastructure focused investment arm of Morgan Stanley. The Unit looks to invest in infrastructure assets that provide essential services in developed markets with stable cash-flows. Specific areas of interest include power generation, utilities, natural gas, transportation, and digital infrastructure. Morgan Stanley Infrastructure Partners was formed in 2006 and is headquartered in New York City.


DEAL STATS #
Overall 6 of 17
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 3
State (New Jersey) 2 of 2
Country (United States) 4 of 8
Year (2018) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 Brazos Midstream - Delaware Basin Subsidiaries

United States

Brazos Midstream's Delaware Basin Subsidiaries engages in natural gas gathering and processing and crude gathering services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 PNE

Cuxhaven, Germany

PNE engages in the development, planning, realization, financing, operation, and sales of wind and photovoltaic (PV) farms and transformer stations in Germany and internationally. PNE was founded in 1995 and is based in Cuxhaven, Germany.

Buy -

Seller(S) 1

SELLER

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 1 of 4
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 3
State (New Jersey) 1 of 1
Country (United States) 1 of 4
Year (2018) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 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.

Buy $720M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-05 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.

Sell $3.5B