M&A Deal Summary

OGE Energy, Grand River Dam Authority and Oklahoma Municipal Power Authority Acquire Redbud Energy

On September 30, 2008, OGE Energy, Grand River Dam Authority and Oklahoma Municipal Power Authority acquired renewable energy company Redbud Energy for 852M USD

Acquisition Highlights
  • This is OGE Energy’s 1st, Grand River Dam Authority’s 1st and Oklahoma Municipal Power Authority’s 1st transaction in the Renewable Energy sector.
  • This is OGE Energy’s , Grand River Dam Authority’s and Oklahoma Municipal Power Authority’s largest (disclosed) transaction.
  • This is OGE Energy’s 2nd, Grand River Dam Authority’s 1st and Oklahoma Municipal Power Authority’s 1st transaction in the United States.
  • This is OGE Energy’s 2nd, Grand River Dam Authority’s 1st and Oklahoma Municipal Power Authority’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2008-09-30
Target Redbud Energy
Sector Renewable Energy
Buyer(s) OGE Energy
Grand River Dam Authority
Oklahoma Municipal Power Authority
Deal Type Add-on Acquisition
Deal Value 852M USD

Target

Redbud Energy

Luther, Oklahoma, United States
Redbud Energy LP is capable of ramping its production quickly up and down, an important characteristic which allows OG&E to maximize the benefits from inexpensive, but less predictable wind generation.

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Buyer(S) 3

Buyer

OGE Energy

Oklahoma City, Oklahoma, United States
Category Company
Founded 1902
Sector Utilities
Employees2,360
Revenue 2.7B USD (2023)
DESCRIPTION

OGE Energy a regulated electric utility with more than 786,000 customers in a service area spanning 30,000 square miles in Oklahoma and western Arkansas. OGE Energy was founded in 1902 and is based in Oklahoma City, Oklahoma.

DEAL STATS #
Overall 2 of 4
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Oklahoma) 2 of 4
Country (United States) 2 of 4
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1986-01-01 Enogex Holdings

Oklahoma City,, Oklahoma, United States

Enogex Holdings LLC, through its subsidiary, operates in midstream natural gas pipeline business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 AES Corp - Shady Point

Poteau, Oklahoma, United States

AES Corp - Shady Point is a coal- and natural gas-fired plant utilizing circulating fluidized bed boilers that produce lower emissions due to their design features and emissions controls.

Buy -
Buyer

Grand River Dam Authority

Vinita,, Oklahoma, United States
Category Company
Founded 1935
Sector Utilities
DESCRIPTION

Grand River Dam Authority is to provide low-cost, reliable electric power and related services to our customers and to be responsive to the interests and concerns of public power users, the communities we affect, and the people of the state of Oklahoma.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
Buyer

Oklahoma Municipal Power Authority

Edmond,, Oklahoma, United States
Category Company
Founded 1981
Sector Utilities
DESCRIPTION

Oklahoma Municipal Power Authority (OMPA) was created with the purpose of providing adequate, reliable and economic sources of electric power and energy to Oklahoma municipalities and public trusts operating municipal electric systems.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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