M&A Deal Summary

Wisconsin Public Service Acquires Fox Energy

On March 28, 2013, Wisconsin Public Service acquired renewable energy company Fox Energy from Tyr Energy and General Electric for 390M USD

Acquisition Highlights
  • This is Wisconsin Public Service’s 1st transaction in the Renewable Energy sector.
  • This is Wisconsin Public Service’s largest (disclosed) transaction.
  • This is Wisconsin Public Service’s 1st transaction in the United States.
  • This is Wisconsin Public Service’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2013-03-28
Target Fox Energy
Sector Renewable Energy
Buyer(s) Wisconsin Public Service
Sellers(s) Tyr Energy
General Electric
Deal Type Divestiture
Deal Value 390M USD

Target

Fox Energy

Kaukauna, Wisconsin, United States
Fox Energy Company, a 593‐megawatt combined cycle generating facility. Fox Energy Center is a dual‐fuel facility, equipped to use fuel oil but expected to run primarily on natural gas. 

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Buyer(S) 1

Buyer

Wisconsin Public Service

Green Bay,, Wisconsin, United States

website

Category Company
Founded 1883
Sector Utilities
Employees1,276
DESCRIPTION

Wisconsin Public Service Corp is an investor?owned electric and natural gas utility . Company serves approximately 441,000 electric customers and 319,000 natural gas customers in residential, agricultural, industrial, and commercial markets.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Tyr Energy

Overland Park, Kansas, United States

website

Category Company
Founded 2002
Sector Energy Services and Equipment
DESCRIPTION

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

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS 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

General Electric

Boston, Massachusetts, United States

website

Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 76.6B USD (2022)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 24 of 44
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 19 of 38
State (Wisconsin) 1 of 1
Country (United States) 18 of 34
Year (2013) 2 of 3
Size (of disclosed) 17 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-12 NBC Universal

New York, New York, United States

NBCUniversal owns and operates a portfolio of news and entertainment television networks, a motion picture company, television production operations, a leading television stations group, theme parks, and a suite of Internet-based businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-08 Lufkin Industries

Missouri City, Texas, United States

Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world.

Buy $3.3B
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