M&A Deal Summary |
|
|---|---|
| Date | 2023-11-02 |
| Target | Heartland Generation |
| Sector | Utilities |
| Buyer(s) | TransAlta |
| Sellers(s) | ECP |
| Deal Type | Add-on Acquisition |
| Deal Value | 658M USD |
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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 | 4 of 4 |
| Sector (Utilities) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 4 |
| State (Alberta) | 3 of 3 |
| Country (Canada) | 3 of 3 |
| Year (2023) | 2 of 2 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-11 |
TransAlta Renewables
Calgary, Alberta, Canada TransAlta Renewables is a renewable independent power producer ("IPP") in Canada. TransAlta asset platform and economic interests are diversified in terms of geography, generation and counterparties and consist of interests in 23 wind facilities, 13 hydroelectric facilities, seven natural gas generation facilities, one solar facility, one natural gas pipeline, and one battery storage project, representing an ownership interest of 2,537 megawatts of owned generating capacity, located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the States of Wyoming, Massachusetts, Minnesota and the State of Western Australia. TransAlta Renewables was founded in 2013 and is based in Calgary, Alberta. |
Buy | CA$800M |
ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 24 |
| Sector (Utilities) | 5 of 5 |
| Type (Add-on Acquisition) | 11 of 12 |
| State (Alberta) | 1 of 2 |
| Country (Canada) | 1 of 2 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-17 |
Anza
Oakland, California, United States Anza is a revolutionary platform that empowers solar and energy storage equipment buyers and developers to use advanced data and technology to see more options, reduce risk, increase project profits, and save massive amounts of time. The proprietary technology engine behind the Anza digital platform is a cost and performance modeling software that identifies the most optimized components based on customer-provided project details. Anza is based in Oakland, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-09 |
Triple Oak Power
Portland, Oregon, United States Triple Oak Power develops and monetizes high-quality renewable energy projects to accelerate the U.S. transition to renewable energy and help shape a more diverse, reliable, and sustainable power grid. Triple Oak Power was founded in 2020 and is based in Portland, Oregon. |
Buy | - |
