M&A Deal Summary

Rockland Capital Acquires Eagle Point

On April 2, 2012, private equity firm Rockland Capital acquired energy services and equipment company Eagle Point from Sunoco

Acquisition Highlights
  • This is Rockland Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is Rockland Capital’s 4th transaction in the United States.
  • This is Rockland Capital’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2012-04-02
Target Eagle Point
Sector Energy Services and Equipment
Buyer(s) Rockland Capital
Sellers(s) Sunoco
Deal Type Divestiture

Target

Eagle Point

Westville, New Jersey, United States
Eagle Point is a 225 megawatt combined cycle natural gas facility, located across the Delaware River from Philadelphia. The plant sells energy and capacity into the PJM market. Eagle Point is based in Westville, New Jersey.

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Buyer(S) 1

Buyer

Rockland Capital

The Woodlands, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 1.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Rockland Capital is an investment firm focused on the acquisition and development of companies operating in the US and UK power and energy infrastructure markets. Specific areas of interest include contracted independent power projects; renewable power, energy and biofuels projects; merchant generation; transmission projects; district heating and cooling; and industrial projects with power and/or steam applications or requirements. Rockland has a special interest in distressed assets requiring active management. Rockland Capital was formed in 2003 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 4 of 10
Sector (Energy Services and Equipment) 1 of 5
Type (Divestiture) 1 of 2
State (New Jersey) 2 of 2
Country (United States) 4 of 10
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-06 Beacon Power

Tyngsboro, Massachusetts, United States

Beacon Power LLC is a designs, develops, configures, and offers for sale proprietary power conversion and storage systems that support reliable electrical grid generation and provide reliable electric power for the electric utility renewable energy, and distributed generation markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Gregory Cogeneration Plant - Corpus Christi

Corpus Christi, Texas, United States

Gregory cogeneration plant provides steam, processed water and a small percentage of its electrical generation to the Corpus Christi Sherwin Alumina plant.

Sell $244M

Seller(S) 1

SELLER

Sunoco

Philadelphia, Pennsylvania, United States
Category Company
Founded 1886
Sector Oil/Gas Exploration
DESCRIPTION

Sunoco, Inc. refines and markets petroleum products in the United States.

DEAL STATS #
Overall 4 of 4
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 4 of 4
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 SunCoke Energy

Lisle, Illinois, United States

SunCoke Energy is a producer of high-quality metallurgical coke. SunCoke Energy was formed in 1960 and is based in Lisle, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-03 Mid-Atlantic Convenience Stores

Richmond, Virginia, United States

Mid-Atlantic Convenience Stores (MACS) is a convenience store operator in Maryland and Virginia.

Buy -
Mergr

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