Subscribe to PCE Communications
    Choose Your Subscription

    Power & Energy Q3 2021

    Q3 2021 Power Energy

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Stagecoach Gas Services LLC
    • Kinder Morgan Operating LLC “A”
    • $1,225.00
    • Diamond S Shipping Inc.
    • International Seaways, Inc.
    • $1,101.54
    • Constellation Energy Nuclear Group, LLC
    • Exelon Generation Company, LLC
    • $885.00
    • Pine Prairie and Southern Pines Natural Gas Storage Facilities of Plains All American Pipeline, L.P.
    • Hartree Partners, LP
    • $850.00
    • 391-Megawatt Portfolio of Four Operating Wind Assets of Brookfield Renewable Partners L.P.
    • NextEra Energy Partners, LP
    • $733.00
    • Aria Energy LLC
    • Archaea Energy Inc.
    • $693.16
    • Portfolio of Four Wind Facilities in Texas
    • Algonquin Power & Utilities Corp.
    • $600.00
    • Mountaintop Energy Holdings LLC
    • UGI Corporation
    • $540.00
    • Clenera, LLC
    • Enlight Renewable Energy Ltd
    • $390.00
    • Two Contracted Geothermal Assets in Nevada
    • Ormat Technologies, Inc.
    • $377.00

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Digital Lumens, Inc.
    • Skyview Capital, LLC
    • n/a
    • Electro-Mechanical Corporation
    • Graycliff Partners LP
    • n/a
    • Sonic Systems International, Inc
    • Boyne Capital Partners, LLC; Breakwater North LLC
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • LNG Indy, LLC
    • Kinder Morgan, Inc.
    • $310.00
    • Alamo Pressure Pumping, LLC
    • NexTier Completion Solutions, Inc.
    • $238.10
    • Effingham Energy Facility in Sabannah, GA
    • Oglethorpe Power Corporation
    • $232.51

     

    Source S&P Capital IQ as of 10/11/2021 and PCE Proprietary Data

    New call-to-action

    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. Dezem, Vanessa et al. “Europe faces energy price shock with gas and power at records.” Bloomberg, Bloomberg L.P., 6 September 2021.
    2. DiChristopher, Tom. “Financing of hydrogen, low-carbon fuel pipelines faces hurdles in ESG era.” S&P Capital IQ, S&P Global Market Intelligence, 4 Oct. 2021.
    3. Hampton, Liz. “Big oil courts U.S. clean-energy startups in bid to speed green transition.” Reuters, Reuters, 5 Oct. 2021.
    4. Elamroussi, Aya. “It could be weeks before some parts of Louisiana have power restored.” CNN, Cable News Network, 6 Sept. 2021.
    5. Nilsen, Ella and Stark, Liz. “America's offshore oil infrastructure is aging. 'We don't know there's a problem until there's a problem.'.” CNN, Cable News Network, 5 Oct. 2021.
    6. German, Ben. “Making sense of Shell's exit from the Permian Basin.” Axios, Axios Media, 21 Sept. 2021.
    7. Rives, Karin. “New Permian Basin methane emissions data add support for EPA rule – researchers.” S&P Capital IQ, S&P Global Market Intelligence, 7 Sept. 2021.
    8. Aizhu, Chen. “APPEC Vitol CEO sees global gas market set for reasonably bullish 5-year outlook.” Reuters, Reuters, 27 Sept. 2021.
    9. Danekar, Rutuja and Prasad, Eswara. “Cogeneration Equipment Market Growth-2030.” Allied Market Research, Allied Market Research, Aug. 2021.

    Please Share This