M&A Deal Summary |
|
|---|---|
| Date | 2021-01-13 |
| Target | Hygo Energy Transition |
| Sector | Energy Services and Equipment |
| Buyer(s) | New Fortress Energy |
| Sellers(s) |
Stonepeak
Golar LNG |
| Deal Type | Divestiture |
| Advisor(s) | Goldman Sachs Citi (Financial) Vinson & Elkins (Legal) |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Infrastructure |
| Employees | 722 |
| Revenue | 2.4B USD (2024) |
New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities. New Fortress Energy was founded in 1998 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Energy Services and Equipment M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Bermuda M&A | 2 of 2 |
| Year: 2021 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-13 |
Golar LNG
Hamilton, Bermuda Golar LNG provides infrastructure for the liquefaction, transportation, regasification, and downstream distribution of LNG. It operates through three segments: Vessel Operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers, FLNG, and floating storage regasification units (FSRUs); and the development of gas to power projects, as well as LNG distribution operations. Golar LNG was founded in 1946 and is headquartered in Hamilton, Bermuda. |
Buy | $1.9B |
Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 10 |
| Sector: Energy Services and Equipment M&A | 2 of 4 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Bermuda M&A | 1 of 1 |
| Year: 2021 M&A | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-09 |
AA
Basingstoke, United Kingdom AA is a provider of insurance broking, insurance underwriting and driving services. AA was founded in 1905 and is based in Basingstoke, United Kingdom. |
Buy | £3.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-06 |
Ironclad Energy Partners
Lombard, Illinois, United States Ironclad Energy Partners was formed with power industry veterans for the purpose of acquiring, developing, owning, operating and making capital investments in middle-market power and utility infrastructure assets. Together with Stonepeak, Ironclad plans to acquire power generation, district energy and utility assets and improve them commercially, technically, and/or operationally, in order to increase their value to customers and investors. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1946 |
| Sector | Oil/Gas Exploration |
| Revenue | 439M USD (2020) |
Golar LNG provides infrastructure for the liquefaction, transportation, regasification, and downstream distribution of LNG. It operates through three segments: Vessel Operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers, FLNG, and floating storage regasification units (FSRUs); and the development of gas to power projects, as well as LNG distribution operations. Golar LNG was founded in 1946 and is headquartered in Hamilton, Bermuda.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Energy Services and Equipment M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Bermuda M&A | 1 of 1 |
| Year: 2021 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-20 |
Hygo Energy Transition
Hamilton, Bermuda Hygo Energy Transition is a provider of liquefied natural gas-based downstream services based in Hamilton, Bermuda. |
Buy | - |
