EnergySolutions to be acquired in $1.1 billion deal

Posted at 8:50 AM, Jan 07, 2013
and last updated 2013-01-08 00:28:08-05

EnergySolutions announced Monday it will be acquired by a subsidiary of Energy Capital Partners II, LLC (ECP) for a value of $1.1 billion.

Under the agreement, EnergySolutions’ shareholders will receive $3.75 in case for each share of common stock.

EnergySolutions is an international nuclear commercial services company headquartered in Salt Lake City.

ECP plans to operate EnergySolutions as a standalone business operation with the current management team remaining in place, according to a press release.

Environmental group HEAL Utah is concerned the new company will try to bring in dangerous waste.

“We definitely will be keeping a very close eye on this company and joining thousands of  other Utahns who share concerns about nuclear waste and making sure that they don’t try to aggressively bring any dangerous new material here,” said HEAL Utah Policy Director Matt Pacenza.