M&A Deal Summary

Verso Acquires Verso Androscoggin Power

On January 7, 2016, Verso acquired energy services and equipment company Verso Androscoggin Power from Eagle Creek Renewable Energy for 62M USD

Acquisition Highlights
  • This is Verso’s 1st transaction in the Energy Services and Equipment sector.
  • This is Verso’s 2nd largest (disclosed) transaction.
  • This is Verso’s 2nd transaction in the United States.
  • This is Verso’s 1st transaction in Maine.

M&A Deal Summary
Date 2016-01-07
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

Target

Verso Androscoggin Power

Jay, Maine, United States
Verso Androscoggin Power LLC is an own and operates four hydroelectric generation facilities.

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Buyer(S) 1

Buyer

Verso

Miamisburg, Ohio, United States
Category Company
Founded 2006
Sector Forest Products
Revenue 1.3B USD (2021)
DESCRIPTION

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 STATS #
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
PREVIOUS DEAL
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 -
FOLLOWING DEAL
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

Seller(S) 1

SELLER

Eagle Creek Renewable Energy

Morristown, New Jersey, United States
Category Company
Founded 2010
Sector Renewable Energy
DESCRIPTION

Eagle Creek Renewable Energy LLC is an owner, operator and developer of hydroelectric power projects. Eagle Creek’s projects provide clean energy to electricity consumers in North America while providing recreational opportunities and protecting historical resources and the environment.

DEAL STATS #
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-16 Swift River

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 -
Mergr

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