M&A Deal Summary

Seaspan Acquires APR Energy

On November 21, 2019, Seaspan acquired energy services and equipment company APR Energy for 750M USD

Acquisition Highlights
  • This is Seaspan’s 1st transaction in the Energy Services and Equipment sector.
  • This is Seaspan’s 2nd largest (disclosed) transaction.
  • This is Seaspan’s 1st transaction in the United States.
  • This is Seaspan’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-11-21
Target APR Energy
Sector Energy Services and Equipment
Buyer(s) Seaspan
Deal Type Add-on Acquisition
Deal Value 750M USD

Target

APR Energy

Jacksonville, Florida, United States
APR Energy Ltd. provides rapidly deployable, large-scale power and fast-track mobile power to underserved markets and industries. APR Energy's mobile, turnkey power plants help run cities, countries, and industries around the world in both developed and developing markets. APR Energy was founded in 2001 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Seaspan

Hong Kong, China
Category Company
Founded 2005
Sector Marine
Employees4,100
Revenue 831M USD (2017)
DESCRIPTION

Seaspan is an independent owner, operator, and manager of containerships. The company provides high-quality, modern vessels with best-in-class operations and innovative ship design. Seaspan provides many of the world’s major container shipping liners with alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry-leading ship management services. Seaspan was founded in 2005 and is based in Hong Kong.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Greater China Intermodal Investments

Hong Kong, China

Greater China Intermodal Investments LLC is a maritime asset leasing company focused on industrial and intermodal assets related to and integral to growth in Greater China and the Asian region.

Buy $1.6B
Mergr

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