Add-on Acquisition • Oil/Gas Exploration

Upstate Energy Acquires Toro Partners

On June 3, 2003, Upstate Energy acquired oil/gas exploration company Toro Partners for 48M USD

Acquisition Context
  • This is Upstate Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Upstate Energy’s largest (disclosed) transaction.
  • This is Upstate Energy’s 1st transaction in the United States.
  • This is Upstate Energy’s 1st transaction in New York.

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M&A Deal Summary

Date June 3, 2003
Target Toro Partners
Sector Oil/Gas Exploration
Buyer(s) Upstate Energy
Deal Type Add-on Acquisition
Deal Value 48M USD
Advisor(s) Ewing Bemiss & Co. (Financial)

Target Company

Toro Partners

Williamsville, New York, United States
Toro Partners LP is a provider of pipes landfill gas directly to commercial customers for use as a medium Btu fuel under long-term contracts.
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Buyer Overview 1

Buyer

Upstate Energy

Gardiner, New York, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Upstate Energy, Inc. provides energy services.


Deal Context for Buyer #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2003 1 of 1
Size (of disclosed) 1 of 1