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    Power & Energy Q2 2022

    Q2 2022 Power Energy

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • The Narragansett Electric Company
    • PPL Energy Holdings, LLC
    • $5,119.86
    • FirstEnergy Transmission, LLC
    • Brookfield Infrastructure Partners L.P.
    • $2,375.00
    • Clearway Community Energy Development LLC
    • KKR & Co. Inc.
    • $1,900.00
    • Sempra Infrastructure Partners, LP
    • Black River B 2017 Inc.
    • $1,730.00
    • Southwest Gas Holdings, Inc.
    • Icahn Enterprises L.P.
    • $982.31
    • BP Midstream Partners LP
    • BP Midstream Partners Holdings LLC
    • $689.85

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • VCP, LLC
    • AB CarVal Investors
    • n/a
    • Schumacher Electric Corporation
    • Ripple Industries LLC
    • n/a
    • SPL, Inc.
    • Sentinel Capital Partners, L.L.C.
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • 3 Bear Delaware Operating - NM LLC
    • DKL Delaware Gathering, LLC
    • $624.70
    • Fluence Bioengineering, Inc.
    • Signify N.V.
    • $272.00
    • New Fortress Energy Inc.
    • Undisclosed Buyer
    • $253.00
    • Wastewater system assets of York City Sewer Authority, Pennsylvania
    • Pennsylvania-American Water Company, Inc.
    • $235.00
    • Monument Pipeline, LP
    • ARM Energy Holdings, LLC
    • $203.00

     

    Source S&P Capital IQ as of 7/8/2022 and PCE Proprietary Data

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    PCE Transactions

    Contacts

    Michael Poole

    Orlando Office

    407-621-2112

    Michael Rosendahl

    New York Office

    201-444-6280 Ext 1

    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. Walton, Robert. “Defense Department Picks BWXT to Build 1st U.S. Advanced Nuclear Microreactor, with 2024 Delivery.” Utility Dive, June 9th 2022.
    2. Simmons, Jud. “BWXT to Build First Advanced Microreactor in United States.” Business Wire, June 9th 2022.
    3. Balaraman, Kavya. “California Drought Could Halve Summer Hydropower Generation, Leading to More Natural Gas, Eia Finds.” Utility Dive, May 27th 2022.
    4. Kruzich, Tyler. “Chevron Completes Acquisition of Renewable Energy Group.” Business Wire, June 13th 2022.
    5. Natter, Ari. “U.S. Seeks $4.3 Billion for Uranium to Wean Off Russia Supply.” Bloomberg.com, Bloomberg, June 7th 2022.

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