M&A Deal Summary

Tyr Energy Acquires Commonwealth Chesapeake Co

On December 17, 2008, Tyr Energy acquired energy services and equipment company Commonwealth Chesapeake Co from Tenaska Capital Management

Acquisition Highlights
  • This is Tyr Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Tyr Energy’s 1st transaction in the United States.
  • This is Tyr Energy’s 1st transaction in Virginia.

M&A Deal Summary
Date 2008-12-17
Target Commonwealth Chesapeake Co
Sector Energy Services and Equipment
Buyer(s) Tyr Energy
Sellers(s) Tenaska Capital Management
Deal Type Add-on Acquisition

Target

Commonwealth Chesapeake Co

New Church, Virginia, United States
Commonwealth Chesapeake Co LLC is a simple-cycle plant provides electric generating capacity to the PJM Interconnection market during periods of peak demand.

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Buyer(S) 1

Buyer

Tyr Energy

Overland Park, Kansas, United States
Category Company
Founded 2002
Sector Energy Services and Equipment
DESCRIPTION

Tyr Energy, Inc. owns independent power projects in North America. I

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-17 Gainesville Renewable Energy Center

Gainesville, Florida, United States

Gainesville Renewable Energy Center is a 100 MW biomass power plant currently under construction in Gainesville, Florida.

Sell -

Seller(S) 1

SELLER

Tenaska Capital Management

Omaha, Nebraska, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 3.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Tenaska Capital Management (TCM) is the private equity affiliate of integrated energy company Tenaska. TCM was formed to leverage Tenaska's sector expertise to pursue opportunities for investment in the North American energy sector. Specific areas of interest include power generating plants; national providers of transmission and pipeline construction and maintenance services; and natural gas storage facilities. Tenaska Capital Management is based in Omaha, Nebraska.

DEAL STATS #
Overall 4 of 15
Sector (Energy Services and Equipment) 3 of 10
Type (Add-on Acquisition) 4 of 9
State (Virginia) 1 of 1
Country (United States) 4 of 15
Year (2008) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-11 New Covert Generating Company

Covert, Michigan, United States

New Covert Generating Company LLC is a combined-cycle plant that provides electric generating capacity to the Midwest Independent System Operator (MISO) power market. New Covert Generating was founded in 2004 and is based in Covert, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-18 Frontier Gas Services

Tulsa, Oklahoma, United States

Frontier Gas Services, LLC is a joint venture that was formed by TCM and Energy Spectrum Partners V, LP to back Frontier Energy Services, LLC, an experienced and successful midstream manager and operator, for the acquisition and development of gathering, treating and compression assets in Arkansas and Texas.

Buy $250M
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