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Asset Summaries

AQN Fact Sheet - St. Lawrence Gas Acquisition
AQN Fact Sheet - Deerfield Wind Project
AQN Fact Sheet - Park Water Acquisition
AQN Fact Sheet - Odell Wind Facility
AQN Fact Sheet - White Hall Water Acquisition
AQN Fact Sheet - New England Gas Acquisition
AQN Fact Sheet - Shady Oaks Acquisition
AQN Fact Sheet - Georgia Gas Acquisition
AQN Fact Sheet – Midwest Gas Acquisition
AQN Fact Sheet – Arkansas Water Acquisition
AQN Fact Sheet – New Hampshire Gas & Electric Acquisition
AQN Fact Sheet – AWPH Acquisition

M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Algonquin Power & Utilities Corp.
Actual Acquirer: Liberty Utilities Co.
Target: St. Lawrence Gas Company, Inc.
Deal Type: Utility
Agreement Date8/31/2017
Announcement Date8/31/2017
Announcement Deal Value ($000)70,000
Short-term and Current Long-term Debt ($000)NA
Cash and Cash Equivalents ($000)NA
Current Investments ($000)NA
Inventories ($000)NA
Obligations under Capital Leases ($000)NA
Postretirement Benefits ($000)NA
Announced Transaction Value ($000)70,000
StatusPending
Completion DateNA
Announced Deal Value Per Share ($)NA
Consideration Breakout
Cash ($M)70.0
Deal Terms
Description of Consideration
Algonquin Power & Utilities Corp. will pay $70 million in cash to acquire St. Lawrence Gas Company Inc. from Enbridge Gas Distribution Inc. In addition to this the Algonquin Power will also assume SLG indebtedness, currently expected to be approximately U.S. $10 million.
Accounting MethodAcquisition
Merger of Equals?
Geographic Expansion?Market Expansion
Goodwill Generated ($000)NA
Estimated Cost Savings (%)NA
Est. Restructuring Charges ($000)NA
Termination Fee ($000)
Exchange Ratio (Common For Common)NA
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerNANA

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerNANA
SellerYesBracewell LLP