TransAlta Corporation to Acquire TransAlta Renewables Inc.

TransAlta Acquires Heartland Generation from Energy Capital Partners

November 2, 2023

Energy

TransAlta Corporation entered a definitive agreement to acquire Heartland Generation and affiliated Alberta Power assets from an affiliate of Energy Capital Partners for approximately C$658 million inclusive of assumed debt (C$390 million purchase price plus C$268 million debt). The acquisition adds ~1,844 MW of flexible generation (cogeneration, peaking and gas-fired thermal), is expected to be immediately accretive to cash flow and deliver corporate pre-tax synergies of about C$20 million annually, and supports TransAlta's strategy to expand flexible capacity to meet Alberta's energy transition and reliability needs.

Northampton Affiliate Acquires Altius Renewable Royalties Corp.

December 5, 2024

Energy

An affiliate of Northampton Capital Partners LLC completed the acquisition of all issued and outstanding common shares of Altius Renewable Royalties Corp. (TSX:ARR, OTCQX:ARTWF) (other than those indirectly owned by Altius Minerals) for C$12.00 per share by way of a statutory plan of arrangement approved by the Court of King’s Bench of Alberta. Northampton said it plans to support ARR and the Great Bay Renewables team to grow the company's renewable energy royalties platform.

LS Power Acquires Algonquin Power & Utilities' Renewable Energy Business

January 8, 2025

Energy

LS Power completed the acquisition of Algonquin Power & Utilities Corp.’s large-scale renewable energy business on January 8, 2025. LS Power created Clearlight Energy to operate the acquired ~3,000+ MW of operating wind, solar, battery and RNG assets, while its REV Renewables unit will acquire the remaining ~6,200 MW of development projects, expanding LS Power’s utility-scale renewables and storage footprint across the United States and Canada.

Regal Rexnord Acquires Altra Industrial Motion

October 27, 2022

Manufacturing

Regal Rexnord Corporation agreed to acquire Altra Industrial Motion Corp. for approximately $5.0 billion on an enterprise value basis, paying $62.00 in cash per share (a 54% premium). The transaction, which was approved by Altra's board, is expected to close in the first half of 2023 subject to shareholder and regulatory approvals; Altra will be delisted upon closing.

Babcock Power Acquires Renewable Concepts Inc.

June 17, 2022

Energy

Babcock Power Inc., through its Babcock Power Renewables LLC subsidiary, acquired substantially all of the assets of Renewable Concepts Inc. and affiliate R. Tinsley Projects Inc. The acquisition adds wind-turbine maintenance, engineering and repair capabilities to Babcock's clean-energy services portfolio; terms were not disclosed.

BlackRock Real Assets Acquires National Renewable Solutions

August 18, 2021

Energy

BlackRock Real Assets has acquired 100% of National Renewable Solutions (NRS), a Minneapolis-based developer of utility-scale wind and solar projects, to accelerate development and ownership of NRS’s project pipeline of more than 3.5 GW across the Western United States. Terms were not disclosed; the deal pairs NRS’s on-the-ground development expertise and >1 GW of developed projects with BlackRock’s capital markets capabilities and global renewable power platform.