M&A Deal Summary

Ontario Power Generation Acquires Eagle Creek Renewable Energy

On August 9, 2018, Ontario Power Generation acquired renewable energy company Eagle Creek Renewable Energy from Hudson Sustainable Investment Management

Acquisition Highlights
  • This is Ontario Power Generation’s 1st transaction in the Renewable Energy sector.
  • This is Ontario Power Generation’s 1st transaction in the United States.
  • This is Ontario Power Generation’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2018-08-09
Target Eagle Creek Renewable Energy
Sector Renewable Energy
Buyer(s) Ontario Power Generation
Sellers(s) Hudson Sustainable Investment Management
Deal Type Add-on Acquisition

Target

Eagle Creek Renewable Energy

Morristown, New Jersey, United States
Eagle Creek Renewable Energy LLC is an owner, operator and developer of hydroelectric power projects. Eagle Creek’s projects provide clean energy to electricity consumers in North America while providing recreational opportunities and protecting historical resources and the environment.

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Buyer(S) 1

Buyer

Ontario Power Generation

Toronto, Ontario, Canada
Category Company
Founded 1999
Sector Utilities
DESCRIPTION

Ontario Power Generation, Inc. produces almost half of the electricity that Ontario homes, schools, hospitals and businesses rely on each day. Company are committed to ensuring energy production is reliable, safe and environmentally sustainable for Ontarians today and for the future.

DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Cube Hydro Partners

Bethesda, Maryland, United States

Cube Hydro Partners LLC is an operator of small and medium-sized 19 hydropower facilities, providing 385 MW of in-service capacity facilities based in the northeast and southeast United States. Cube Hydro Partners LLC was founded in 2014 and is based in Bethesda, Maryland.

Buy -

Seller(S) 1

SELLER

Hudson Sustainable Investment Management

Miami, Florida, United States
Category Private Equity Firm
Founded 2007
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Hudson Clean Energy Partners is a private equity firm focused on investments in clean energy. Hudson invests in companies focused on renewable power, alternative fuels, energy storage and demand-side energy management. The Firm prefers high-growth, asset based opportunities. Hudson Clean Energy Partners was formed in 2007 and is based in Teaneck, New Jersey.

DEAL STATS #
Overall 5 of 7
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (New Jersey) 2 of 2
Country (United States) 3 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Lyft

San Francisco, California, United States

Lyft is a ride-sharing company that connects people and communities through transportation. It helps organizations to establish private and social networks for ridesharing. Lyft was founded in 2007 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-29 Lyft

San Francisco, California, United States

Lyft is a ride-sharing company that connects people and communities through transportation. It helps organizations to establish private and social networks for ridesharing. Lyft was founded in 2007 and is based in San Francisco, California.

Sell -
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