M&A Deal Summary

Sterling Energy Group Acquires Niagara Generation

On November 14, 2013, Sterling Energy Group acquired energy services and equipment company Niagara Generation from US Renewables Group

Acquisition Highlights
  • This is Sterling Energy Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Sterling Energy Group’s 1st transaction in the United States.
  • This is Sterling Energy Group’s 1st transaction in New York.

M&A Deal Summary

Date 2013-11-14
Target Niagara Generation
Sector Energy Services and Equipment
Buyer(s) Sterling Energy Group
Sellers(s) US Renewables Group
Deal Type Add-on Acquisition

Target

Niagara Generation

Niagara Falls, New York, United States
Niagara Generation LLC is involved operating coal and tire-derived fuel (TDF) fired power plant.

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Buyer(S) 1

Buyer

Sterling Energy Group

Gary, Indiana, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Sterling Energy Group, Inc. is involved in locating, acquiring, retrofitting and operating coal fired power facilities.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

US Renewables Group


Category Private Equity Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

US Renewables Group (USRG) is an investment firm focused exclusively on the renewable energy industry. USRG looks to commit $30 to $70 million in a variety of projects in the renewable power, biofuels, and renewable infrastructure sectors. USRG was formed in 2003 and is based in Santa Monica, California.


DEAL STATS #
Overall 5 of 6
Sector: Energy Services and Equipment M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 4
State: New York M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 Tracy Biomass Plant

Tracy, California, United States

Tracy Biomass Plant is biomass plant operating 47 MW Desert View plant in Mecca, California, 30 MW Honey Lake plant in Wendel, California and 28 MW Eel River plant in Scotia, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 OPX Biotechnologies

Boulder, Colorado, United States

OPX Biotechnologies, Inc. was a manufacturer and supplier of renewable bio-based chemicals and fuels.

Sell -