M&A Deal Summary

Thermagen Power Group Acquires Nations Energy Holdings

On December 1, 2004, Thermagen Power Group acquired utilities company Nations Energy Holdings from Haddington Ventures

Acquisition Highlights
  • This is Thermagen Power Group’s 1st transaction in the Utilities sector.
  • This is Thermagen Power Group’s 1st transaction in the United States.
  • This is Thermagen Power Group’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2004-12-01
Target Nations Energy Holdings
Sector Utilities
Buyer(s) Thermagen Power Group
Sellers(s) Haddington Ventures
Deal Type Add-on Acquisition

Target

Nations Energy Holdings

Chicago, Massachusetts, United States
Nations Energy Holdings LLC is a onsite supplier of electricity, steam, and related services to industrial and commercial customers.

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Buyer(S) 1

Buyer

Thermagen Power Group

Chicago, Illinois, United States

Category Company
Sector Utilities
DESCRIPTION

Thermagen Power Group LLC is a provider of feasibility studies, operating and management services, due diligence and financial advisory consulting.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1

Seller(S) 1

SELLER

Haddington Ventures

Houston, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 550M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Haddington Ventures is a specialist private equity firm focused on investments in the midstream energy sector. Specific areas of interest within midstream include gathering and separation; processing treating and separation; storage; and pipelines. Haddington targets control investments that require equity investments of $20 to $70 million with an enterprise value of up to $250 million. Haddington Ventures was formed in 1998 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 11
Sector (Utilities) 1 of 3
Type (Add-on Acquisition) 4 of 6
State (Massachusetts) 1 of 1
Country (United States) 5 of 11
Year (2004) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 Gulf Coast LNG

Point Comfort, Texas, United States

Gulf Coast LNG LP is a developer of liquefied natural gas receiving, storage, and regasification facility.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Port Barre Investments

Houston, Texas, United States

Port Barre Investments LLC is a provider of firm and interruptible gas storage services.

Buy -