Tenaska Washington Partners

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Tenaska Washington Partners - overview

Established

1994

Location

Ferndale, WA, US

Primary Industry

Power & Utilities

About

Tenaska Washington Partners specializes in the energy sector, focusing on natural gas marketing and management services. The company is committed to delivering energy solutions and operates a significant generation portfolio. Founded in 1994, Tenaska Washington Partners operates within the energy industry, particularly in natural gas and power marketing. The company, headquartered in Ferndale, US, has successfully completed two deals as of November 2012, when it was acquired by Puget Sound Energy.


CEO Chris Leitner leads the organization, bringing substantial expertise from his past ventures. Tenaska provides a wide range of services throughout the energy value chain, with a strong emphasis on natural gas marketing, power marketing, and energy management. Its primary offering, Tenaska Marketing Ventures (TMV), is a significant player in physical natural gas marketing in the United States. The company also boasts Tenaska Power Services Co.


(TPS), which focuses on energy management solutions for various clients. Additionally, Tenaska Generation manages a diverse portfolio of over 7,482 megawatts of power generation, incorporating natural gas, wind, and solar energy, and extends its reach into select international markets. Tenaska generates revenue through B2B arrangements, engaging wholesale energy markets, large commercial users, and utility companies. The company enters structured agreements for energy supply, which allow clients to choose between fixed or variable rates based on market conditions.


Long-term partnerships and contracts further enhance revenue stability across its service offerings, although specific pricing plans are not publicly disclosed. Following its acquisition in November 2012, Tenaska Washington Partners is likely to focus on enhancing its service offerings and exploring new market opportunities. Although specific new products or upcoming releases have not been detailed, the company's strategic direction includes expanding its footprint in various geographic regions. The recent acquisition may provide resources to support these initiatives, facilitating growth in both domestic and international markets.


Primary Industry

Power & Utilities

Sub Industries

Electric Utilities, Natural Gas Utilities

Website

www.tenaska.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Tenaska Washington Partners - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedTenaska Washington Partners-
BuyoutCompletedTenaska Washington Partners-

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Tenaska Washington Partners - employee data

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