M&A Deal Summary

OMERS Infrastructure Acquires Bruce Power

On January 1, 2003, infrastructure investor OMERS Infrastructure acquired utilities company Bruce Power

Acquisition Highlights
  • This is OMERS Infrastructure’s 1st transaction in the Utilities sector.
  • This is OMERS Infrastructure’s 6th transaction in Canada.
  • This is OMERS Infrastructure’s 5th transaction in Ontario.

M&A Deal Summary
Date 2003-01-01
Target Bruce Power
Sector Utilities
Buyer(s) OMERS Infrastructure
Deal Type Buyout (LBO, MBO, MBI)

Target

Bruce Power

Tiverton, Ontario, Canada
Bruce Power is a provider of reliable and carbon-free source of affordable energy through 2064. Bruce Power was founded in 2001 and is based in Tiverton, 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 7 of 52
Sector (Utilities) 1 of 9
Type (Buyout (LBO, MBO, MBI)) 7 of 23
State (Ontario) 5 of 10
Country (Canada) 6 of 14
Year (2003) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-03 EnerSource

Mississauga, Ontario, Canada

EnerSource is a diversified energy and technologies company serving residential and business customers through the regulated utility, EnerSource Hydro Mississauga, and non-regulated energy services company, EnerSource Hydro Mississauga Services. EnerSource is based in Mississauga, Ontario.

Buy -
FOLLOWING 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 -
Mergr

Product

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