Maxim Power Sells US Sub to PE-Backed Patriot Power for $112M

Calgary-based independent power producer Maxim Power Corp. (TSX:MXG), has agreed to sell 100% of its interest in subsidiary Maxim Power (USA) Inc. to Patriot Power Holdings LLC for US$112 million, including the assumption of US$22 million of debt. The deal is expected to close in the final quarter of 2013. Patriot Power is an affiliate of U.S. private equity firm Rockland Capital, which is focused on power and energy infrastructure markets.

DealsCanadaNorth AmericaBriefs