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M&A Deal Summary

PPL Generation Acquires AES Ironwood

On February 23, 2012, PPL Generation acquired utilities company AES Ironwood from AES

Acquisition Highlights
  • This is PPL Generation’s 2nd transaction in the Utilities sector.
  • This is PPL Generation’s 2nd transaction in the United States.
  • This is PPL Generation’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2012-02-23
Target AES Ironwood
Sector Utilities
Buyer(s) PPL Generation
Sellers(s) AES
Deal Type Divestiture

Target

AES Ironwood

Lebanon, Pennsylvania, United States
AES Ironwood LLC a subsidiary of The AES Corp.

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Buyer(S) 1

Buyer

PPL Generation

Allentown, Pennsylvania, United States
Category Company
Founded 1999
Sector Utilities
DESCRIPTION

PPL Generation LLC is a subsidiary of PPL. A provider of utility services.

DEAL STATS #
Overall 2 of 2
Sector: Utilities M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Pennsylvania M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-23 AES Prescot

Lebanon, Pennsylvania, United States

AES Prescot LLC operate the 705-megawatt AES Ironwood combined-cycle natural gas-fired power plant

Buy -

Seller(S) 1

SELLER

AES

Arlington, Virginia, United States
Category Company
Founded 1981
Sector Utilities
Employees9,600
Revenue 12.3B USD (2024)
DESCRIPTION

AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES was founded in 1981 and is based in Arlington, Virginia.

DEAL STATS #
Overall 6 of 12
Sector: Utilities M&A 2 of 4
Type: Divestiture M&A Deals 3 of 8
State: Pennsylvania M&A 2 of 3
Country: United States M&A 3 of 8
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-23 AES Prescot

Lebanon, Pennsylvania, United States

AES Prescot LLC operate the 705-megawatt AES Ironwood combined-cycle natural gas-fired power plant

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 AES - Wind Farms

United States

AES - Wind Farms, operates wind energy projects.

Sell $27M
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