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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
Salt River Project Pays $371M for Part of Power Plant

The deal will give the buyer a 625-megawatt block of the Mesquite Power plant in Arizona

Salt River Project Agricultural Improvement and Power District will pay $371 million for Sempra U.S. Gas & Power LLC’s 625-megawatt block of its Mesquite Power natural-gas power plant.

Salt River Project supplies water and electricity to the Phoenix metropolitan area. The asset is made up of two gas turbines and one steam turbine.

Sempra says that it wants to grow its southeast natural gas portfolio and reduce its exposure to merchant power markets. The energy company operates multiple solar, wind and natural gas power plants. The company is a subsidiary of Sempra Energy (NYSE: SRE).

The deal is subject to regulatory approval.

For more on the energy industry, see “Fracking Fuels Energy Deals,” and “Special Report: Energy M&A on Fire in December.” 

 

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