M&A Deal Summary |
|
|---|---|
| Date | 2005-06-06 |
| Target | TNP Enterprises |
| Sector | Utilities |
| Buyer(s) | PNM Resources |
| Sellers(s) |
Laurel Hill Capital Partners
American Securities Annex Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 189M USD |
| Advisor(s) | Goldman Sachs (Financial) Milbank (Legal) |
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| Category | Company |
|---|---|
| Founded | 1882 |
| Sector | Utilities |
| Employees | 1,635 |
| Revenue | 1.9B USD (2023) |
PNM Resources is an energy holding company that serves electricity to more than 730,000 homes and businesses in New Mexico and Texas. PNM Resources was founded in 1882 and is based in Albuquerque, New Mexico.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Utilities) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Texas) | 1 of 2 |
| Country (United States) | 1 of 2 |
| Year (2005) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-18 |
The Twin Oaks Power facility
Texas, United States The Twin Oaks Power facility, a 305-megawatt plant .Twin Oaks is considered to be one of the cleanest coal-fired power plants in Texas. The plant uses fluidized bed combustion technology and limestone injection to reduce nitrogen oxide and sulfur dioxide emissions. |
Buy | $480M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| Size | Small |
| Type | Sector Agnostic |
Laurel Hill Capital Partners LLC is an investment management firm that sponsors and co-invests with other financial firms in leveraged transactions. The firm typically pursues opportunities with small to mid-size companies. However, the firm is not limited to strictly growth-driven transactions, willing to invest in turnaround and distressed situations. Laurel Hill Capital Partners LLC was formed in 1998 and is based in Jericho, New York.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Utilities) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2005) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-12-01 |
TNP Enterprises
Fort Worth, Texas, United States TNP Enterprises, Inc. is a provider of community based electric service to 85 cities and more than 252,000 customers in Texas and New Mexico. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 26.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 51 |
| Sector (Utilities) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 21 |
| State (Texas) | 1 of 6 |
| Country (United States) | 6 of 50 |
| Year (2005) | 2 of 3 |
| Size (of disclosed) | 10 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-06-02 |
VUTEk
Meredith, New Hampshire, United States VUTEk, Inc. is a manufacturer of superwide format digital printers for the global outdoor advertising industry. |
Sell | $281M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-09-28 |
El Pollo Loco
Costa Mesa, California, United States El Pollo Loco is a fire-grilled chicken restaurant chain. The Company is known for its citrus-marinated, fire-grilled chicken and handcrafted entrees using fresh ingredients inspired by Mexican recipes. The company operates restaurants across the Southwest and has a leading market position in Southern California. El Pollo Loco was founded in 1980 and is based in Costa Mesa, California. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Annex Capital Management is a private investment firm focused on secondary private equity transactions and special situations opportunities. Annex is sector agnostic with an emphasis on consumer products, including food and beverage, information services, telecommunications and specialized manufacturing. Annex was formed in 2004 with the spinout of Dresdner Bank's direct investment portfolio into a new secondary firm backed by Coller Capital. Annex Capital is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 13 |
| Sector (Utilities) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 5 |
| State (Texas) | 1 of 2 |
| Country (United States) | 4 of 13 |
| Year (2005) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-04-18 |
Gateway HomeCare
Melrose Park, Illinois, United States Gateway HomeCare provides a wide range of nursing and thearpy services to at home patients recovering from illness and injury. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-17 |
Gardenburger
Irvine, California, United States Gardenburger Company is the brand name of a veggie burger. The company was originally incorporated as "Wholesome & Hearty Foods, Inc." in March 1985. Initial funding was given to founders Paul Wenner and Allyn Smaaland, as part of a venture capital investment program of Louisiana-Pacific Corp., whereby L-P took immediate controlling interest. A second round of venture capital financing was provided about a year later. |
Sell | - |
