M&A Deal Summary

TransAlta Acquires Canadian Hydro Developers

On October 1, 2009, TransAlta acquired renewable energy company Canadian Hydro Developers for 1.6B USD

Acquisition Highlights
  • This is TransAlta’s 1st transaction in the Renewable Energy sector.
  • This is TransAlta’s largest (disclosed) transaction.
  • This is TransAlta’s 1st transaction in Canada.
  • This is TransAlta’s 1st transaction in Alberta.

M&A Deal Summary
Date 2009-10-01
Target Canadian Hydro Developers
Sector Renewable Energy
Buyer(s) TransAlta
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) FirstEnergy Capital Corp.
Societe Generale Corporate & Investment Banking (Financial)
Blake, Cassels & Graydon (Legal)

Target

Canadian Hydro Developers

Calgary, Alberta, Canada
Canadian Hydro Developers, Inc. is a diversified developer, owner, and operator of 21 renewable energy generation facilities in Canada totaling net 694 MW of capacity in operation, 160 MW in and nearing construction, and 6,060 MW in development.

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Buyer(S) 1

Buyer

TransAlta

Calgary, Alberta, Canada
Category Company
Founded 1909
Sector Utilities
Employees1,257
Revenue 3.4B CAD (2023)
DESCRIPTION

TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. TransAlta’s focus is to efficiently operate wind, hydro, natural gas and coal facilities in order to provide customers with a reliable, low-cost source of power. TransAlta was incorporated in 1909 and is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 4
Sector (Renewable Energy) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Alberta) 1 of 3
Country (Canada) 1 of 3
Year (2009) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-12 Trans-Elect Development

Reston, Vermont, United States

Trans-Elect Development Co. LLC is an independent transmission company, focused on the acquisition and operation of transmission systems, the development and construction of new transmission lines, and the upgrade of existing transmission systems.

Buy $866M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 Pioneer Pipeline

Calgary, Alberta, Canada

Pioneer Pipeline is a 20 inch, 120km pipeline that provides approximately 130MMcf/d of natural gas.

Sell $255M
Mergr

Product

Company

Legal