M&A Deal Summary |
|
|---|---|
| Date | 2016-12-13 |
| Target | Pio Pico Energy Center |
| Sector | Utilities |
| Buyer(s) | Southwest Generation |
| Sellers(s) | Ares EIF |
| Deal Type | Add-on Acquisition |
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Southwest Generation is an independent power producer headquartered in Denver, Colorado. With eight gas-fired plants generating over 860 megawatts of reliable energy, our fleet plays an important role in supporting the growing number of wind and solar facilities across the southwestern United States.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2016 M&A | 1 of 1 |
Ares EIF is the direct energy investment arm of asset management firm, Ares Management. Ares EIF operates within Ares Private Equity Group and focuses exclusively on energy related investments. Specific areas of interest include electricity generating, transmission, and energy services assets; energy and utility company ownership interests; and utility service deployment investments. The Firm is a hands-on investor, and looks for ways to unlock value post acquisition. Ares EIF's geographic preference is for US based opportunities. Ares EIF was formed in 1987 and was acquired by Ares Management in 2014.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 13 |
| Sector: Utilities M&A | 9 of 11 |
| Type: Add-on Acquisition M&A Deals | 3 of 4 |
| State: California M&A | 4 of 4 |
| Country: United States M&A | 11 of 13 |
| Year: 2016 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-22 |
Neptune Regional Transmission System
Fairfield, Connecticut, United States Neptune Regional Transmission System is a power transmission cable that connects New Jersey and Long Island. Neptune provides up to 660 MW of power to Long Island electricity consumers – enough for 600,000 homes — and supplies more than 20 percent of Long Island’s typical electricity demand. Neptune Regional Transmission System is based in Fairfield, Connecticut. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-14 |
Kleen
Middletown, Connecticut, United States Kleen Energy Systems operates a 620-megawatt natural gas-fired, combined-cycle power plant, using gas and steam turbines to generate electricity. Kleen was founded in 2008 and is based in Middletown, Connecticut. |
Sell | - |
