Explore All 483 Divestiture Energy Services and Equipment Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | January 7, 2016 |
| Target | Verso Androscoggin Power |
| Sector | Energy Services and Equipment |
| Buyer(s) | Verso |
| Sellers(s) | Eagle Creek Renewable Energy |
| Deal Type | Divestiture |
| Deal Value | 62M USD |
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| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Forest Products |
| Revenue | 1.3B USD (2021) |
Verso is a producer of graphic, specialty, and packaging paper and market pulp, with a long-standing reputation for quality and reliability. Verso has two paper mills in Michigan, a roll to sheet converting facility in Wisconsin (paper production idled), and two distribution centers in Sauk Village, Illinois, and Bedford, Pennsylvania. The production facilities are strategically located within close proximity to major customers, and the annual production capacity totals around 1.1 million tonnes of paper. Verso was founded in 2006 and is based in Miamisburg, Ohio.
| Deal Context for Buyer | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Energy Services and Equipment | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| State: Maine | 1 of 1 |
| Country: United States | 2 of 2 |
| Year: 2016 | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-29 |
Verso Bucksport
Bucksport, Maine, United States Verso Bucksport LLC manufactures and markets coated ground wood papers for offset and rotogravure printing. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-12 |
Verso - Androscoggin & Stevens Point Mills
Miamisburg, Ohio, United States Verso Corp.'s Androscoggin & Stevens Point Mills produces approximately 425,000 tons of paper per year and currently produces flexible packaging papers, release liner base, specialty labels, kraft papers, and liner board. |
Sell | $400M |
| Category | Company |
|---|---|
| Founded | 2010 |
| Sector | Renewable Energy |
Eagle Creek Renewable Energy owns, operates, and develops hydroelectric power projects. Its projects provide clean energy to electricity consumers in North America while providing recreational opportunities and protecting historical resources and the environment.
| Deal Context for Seller | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Energy Services and Equipment | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| State: Maine | 1 of 1 |
| Country: United States | 1 of 1 |
| Year: 2016 | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-16 |
Swift River Co.
Hamilton, Massachusetts, United States Swift River Co. is an owns and operator a portfolio of run-of-the-river hydroelectric power plants in New England. |
Buy | - |
