M&A Deal Summary

CenterPoint Energy Acquires Vectren

On April 23, 2018, CenterPoint Energy acquired utilities company Vectren

Acquisition Highlights
  • This is CenterPoint Energy’s 2nd transaction in the Utilities sector.
  • This is CenterPoint Energy’s 9th transaction in the United States.
  • This is CenterPoint Energy’s 1st transaction in Indiana.

M&A Deal Summary
Date 2018-04-23
Target Vectren
Sector Utilities
Buyer(s) CenterPoint Energy
Deal Type Merger
Advisor(s) BofA Securities (Financial)
Baker Botts LLP (Legal)

Target

Vectren

Evansville, Indiana, United States
website
Vectren Corp., is an energy holding company. Vectren's wholly owned subsidiary, Vectren Utility Holdings, Inc., serves as the intermediate holding company for three operating utilities: Vectren Energy Delivery of Indiana - North (Vectren North), Vectren Energy Delivery of Indiana - South (Vectren South) and Vectren Energy Delivery of Ohio (VEDO).

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Buyer(S) 1

Buyer

CenterPoint Energy

Houston, Texas, United States

website

Category Company
Founded 1866
Sector Utilities
Employees8,986
Revenue 9.3B USD (2022)
DESCRIPTION
CenterPoint Energy's corporate headquarters in downtown Houston, Texas.
CenterPoint Energy's corporate headquarters in downtown Houston, Texas.

CenterPoint Energy is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. CenterPoint Energy owns and operates natural gas distribution systems. CenterPoint also offers variable and fixed-price physical natural gas supplies primarily to commercial and industrial customers and gas utilities. CenterPoint Energy was incorporated in 1866 and is based in Houston, Texas.

DEAL STATS #
Overall 9 of 9
Sector (Utilities) 2 of 2
Type (Merger) 1 of 1
State (Indiana) 1 of 1
Country (United States) 9 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Atmos Energy Marketing

Houston, Texas, United States

Atmos Energy Marketing LLC is a full-service natural gas marketing company that provides natural gas supply and asset management services to utilities, local distribution companies, and industrial and commercial facilities as well as municipals, power plants and natural gas producers.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Miller Pipeline and Minnesota

Indianapolis, Indiana, United States

Miller Pipeline and Minnesota Ltd. are one of the nation’s premier natural gas distribution, transmission pipeline, and utility contractors. Miller Pipeline and Minnesota Ltd. provide a range of pipeline contracting and rehabilitation services.

Sell $850M
Mergr

Product

Company

Legal