North American power deals: Q3 2012 mergers & acquisitions report
This report presents an analysis of North American merger and acquisition activity in the power and utilities industry.
Q3 2012 key trends
- There were six deals announced during the quarter, including a significant corporate deal in the merchant energy space where we expect to see continuing activity. Other deals included fossil wind, solar and hydro generation, retail marketers and developers.
- Q3 2012 had more deals announced greater than $50 million than any quarter since Q3 2011.
- In Q3 2012, absent the $4.2 billion transaction announced between NRG Energy and GenOn, the average deal value for deals announced greater than $50 million was $158.3 million.
- Strategic investors dominated the reported activity, with 90% of the investor activity in deals greater than $50 million.