M&A Deal Summary

OMERS Infrastructure Acquires Leeward Renewable Energy

On March 22, 2018, infrastructure investor OMERS Infrastructure acquired renewable energy company Leeward Renewable Energy from ArcLight Capital Partners

Acquisition Highlights
  • This is OMERS Infrastructure’s 1st transaction in the Renewable Energy sector.
  • This is OMERS Infrastructure’s 8th transaction in the United States.
  • This is OMERS Infrastructure’s 2nd transaction in Texas.

M&A Deal Summary

Date 2018-03-22
Target Leeward Renewable Energy
Sector Renewable Energy
Buyer(s) OMERS Infrastructure
Sellers(s) ArcLight Capital Partners
Deal Type Secondary Buyout
Advisor(s) BofA Securities (Financial)
Latham & Watkins (Legal)

Target

Leeward Renewable Energy

Dallas, Texas, United States
Leeward Renewable Energy is a wind power asset owner, operator and developer of wind projects in the United States across 19 operating projects with a total installed capacity of 1.7 GW. Leeward Renewable Energy is based in Dallas, Texas.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 36 of 52
Sector (Renewable Energy) 1 of 5
Type (Secondary Buyout) 5 of 11
State (Texas) 2 of 2
Country (United States) 8 of 13
Year (2018) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-14 HS1

London, United Kingdom

HS1 is the UK’s only high-speed rail line and forms part of the Paris-Brussels-Cologne-Amsterdam-London trans European high-speed rail network. HS1 is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 Airports Worldwide

Sanford, Florida, United States

Airports Worldwide, Inc. is a top-tier company recognized for maintaining the highest standards and practices in airport investments, development and operations. Our proven expertise in the daily management of domestic and international commercial airports provides our partners the greatest return on their investments.

Sell -

Seller(S) 1

SELLER

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2001
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.


DEAL STATS #
Overall 22 of 28
Sector (Renewable Energy) 3 of 5
Type (Secondary Buyout) 6 of 9
State (Texas) 5 of 5
Country (United States) 21 of 26
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Thorntons

Louisville, Kentucky, United States

Thorntons operates 191 c-stores in Florida, Illinois, Indiana, Kentucky, Ohio, and Tennessee. The company's mission is to provide top-of-the-line food and beverages while making giving back a top priority in every market. Thorntons was founded in 1971 and is headquartered in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Midcoast Operating

Houston, Texas, United States

Midcoast Operating, L.P. consists of three large, legacy gathering and processing systems in Texas and Oklahoma, a long-haul NGL transmission system delivering NGLs from multiple supply areas (including the DJ and Permian basins) to Mont Belvieu, Texas, and a marketing and logistics business.

Buy $1.1B