Power & Energy Q1 2020

Q1 2020 Power Energy

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • IWG High Performance Conductors, Inc.
  • Teleflex Incorporated
  • $260.00
  • Saddlehorn Pipeline Company
  • Black Diamond Gathering, LLC
  • $155.00
  • Intellipower, Inc.
  • AMETEK, Inc.
  • $115.00
  • C&J Well Services, Inc.
  • Basic Energy Services, Inc.
  • $93.70
  • 22 Solar Power Projects
  • US Solar Fund Plc; New Energy Solar Manager Ltd
  • $38.00
  • Rio Bravo Pipeline Company, LLC
  • Enbridge Inc.
  • $25.00
  • Evelyn Jeanne, Inc.
  • Superior Plus Corp.
  • $21.80
  • Highland Fluid Technology Ltd
  • SciDev LLC
  • $6.23
  • 5J Trucking LLC
  • SMG Industries Inc.
  • $6.00
  • Smart Water Solutions LLC
  • Quench USA, Inc.
  • $1.20

 

Source S&P Capital IQ as of 4/20/2020 and PCE Proprietary Data

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Michael Rosendahl

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Data Assumptions

This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. Potter, Sam. “U.S. Futures Extend Slide While WTI Oil Crashes: Markets Wrap.” Bloomberg L.P., April 20, 2020.
  2. Longley, Alex and Blas, Javier. “Oil Plunges by Record to Below $11 With Storage Rapidly Filling.” Bloomberg L.P., April 20, 2020.
  3. Eaton, Collin. “Thirst for Oil Vanishes, Leaving Industry in Chaos.” The Wal Street Journal. April 15, 2020.
  4. b. Faucon, Benoit; Said, Summer; Puko, Timothy. “U.S., Saudi Arabia, Russia Lead Pact for Record Cuts in Oil Output.” Wall Street Journal. April 16, 2020.
  5. Erickson, Bryce, “Energy Valuations: Freefall Into Bankruptcy Or Is This Time Different?,” Forbes, March 9, 2020.
  6. a. Dongguo Li, Eun Joo Park, Wenlei Zhu, Qiurong Shi, Yang Zhou, Hangyu Tian, Yuehe Lin, Alexey Serov, Barr Zulevi, Ehren Donel Baca, Cy Fujimoto, Hoon T. Chung, Yu Seung Kim. “Highly quaternized polystyrene ionomers for high performance anion exchange membrane water electrolysers.” Nature Energy, 2020; DOI: 10.1038/s41560-020-0577-x.
  7. Elliott, Rebecca. “Carbon Capture Wins Fans Among Oil Giants.” The Wall Street Journal. February 12, 2020.
  8. Phillips, Matt, Krauss, Clifford. “American Oil Drillers Were Hanging On by a Thread. Then Came the Virus.” The New York Times. March 23, 2020.

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