M&A Deal Summary

Chesapeake Acquires Eastern Shore Gas

On June 26, 2012, Chesapeake acquired distribution company Eastern Shore Gas

Acquisition Highlights
  • This is Chesapeake’s 1st transaction in the Distribution sector.
  • This is Chesapeake’s 2nd transaction in the United States.
  • This is Chesapeake’s 1st transaction in Delaware.

M&A Deal Summary
Date 2012-06-26
Target Eastern Shore Gas
Sector Distribution
Buyer(s) Chesapeake
Deal Type Add-on Acquisition

Target

Eastern Shore Gas

Dover, Delaware, United States
Eastern Shore Gas Co. is a provider of propane distribution service to approximately 11,000 residential and commercial customers in Worcester County, Maryland, primarily in Ocean City, West Ocean City, Ocean Pines, Berlin, Pocomoke and Snow Hill.

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Buyer(S) 1

Buyer

Chesapeake

Dover, Delaware, United States

website

Category Company
Founded 1859
Sector Utilities
Employees1,034
Revenue 681M USD (2022)
DESCRIPTION

Chesapeake is a diversified energy company focused on delivering outstanding service and attaining sustainable growth that generates long-term value for our employees, customers, investors, and other stakeholders. Chesapeake was incorporated in 1859 and is based in Dover, Delaware.

DEAL STATS #
Overall 2 of 6
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Delaware) 1 of 1
Country (United States) 2 of 6
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-29 Xeron

Houston, Texas, United States

Xeron, Inc. is an independent oil and petrochemical company.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-30 Gatherco

Orrville, Ohio, United States

Gatherco, Inc. is a midstream company, providing gathering, gas processing, and gas transportation services for producers with wells in the shallow formations of the Appalachian Basin.

Buy $59M
Mergr

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