M&A Deal Summary

OMERS Infrastructure Acquires Alectra Utilities

On January 1, 2004, infrastructure investor OMERS Infrastructure acquired utilities company Alectra Utilities

Acquisition Highlights
  • This is OMERS Infrastructure’s 2nd transaction in the Utilities sector.
  • This is OMERS Infrastructure’s 8th transaction in Canada.
  • This is OMERS Infrastructure’s 6th transaction in Ontario.

M&A Deal Summary
Date 2004-01-01
Target Alectra Utilities
Sector Utilities
Buyer(s) OMERS Infrastructure
Deal Type Consolidation

Target

Alectra Utilities

Hamilton, Ontario, Canada
Alectra Utilities is a provider of energy solutions to families and businesses across the Greater Golden Horseshoe area. Alectra Utilities is based in Hamilton, Ontario.

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Buyer(S) 1

Buyer

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 1990
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.

DEAL STATS #
Overall 9 of 54
Sector (Utilities) 2 of 9
Type (Consolidation) 1 of 1
State (Ontario) 6 of 11
Country (Canada) 8 of 15
Year (2004) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-09 Terasen

Vancouver, Canada

Terasen, Inc. manages The Express Pipeline System is the 1,700 mile pipeline exporting conventional and synthetic crude oil from Alberta to the Rocky Mountains and Midwest states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-28 Ciel Satellite

Ottawa, Ontario, Canada

The Ciel Satellite Group owns and operates the Ciel-2 DBS satellite at the 129° West Longitude position providing broadcast services throughout North America. Ciel is developing multiple new Canadian orbital positions to provide a choice of high quality video and Broadband services to commercial and government customers throughout the Americas. Ciel, through its shareholder SES, is part of the largest network of satellite operators in the world. Ciel works closely with its customers to find cost-effective solutions and anticipate future requirements. Ciel Satellite is based in Ottawa, Ontario.

Buy -
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