M&A Deal Summary

Dominion Energy Acquires Dominion Midstream Partners

On November 26, 2018, Dominion Energy acquired oil/gas exploration company Dominion Midstream Partners

Acquisition Highlights
  • This is Dominion Energy’s 4th transaction in the Oil/Gas Exploration sector.
  • This is Dominion Energy’s 25th transaction in the United States.
  • This is Dominion Energy’s 5th transaction in Virginia.

M&A Deal Summary
Date 2018-11-26
Target Dominion Midstream Partners
Sector Oil/Gas Exploration
Buyer(s) Dominion Energy
Deal Type Merger
Advisor(s) Moelis & Co. (Financial)
Richards, Layton & Finger PA (Legal)

Target

Dominion Midstream Partners

Richmond, Virginia, United States
website
Dominion Midstream Partners LP is a pipeline transportation of natural gas company focused on providing oil and gas exploration services. Dominion Midstream Partners was formed in 2000 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Dominion Energy

Richmond, Virginia, United States

website

Category Company
Founded 1983
Sector Utilities
Employees17,200
Revenue 17.2B USD (2022)
DESCRIPTION
Dominion's corporate headquarters in downtown Richmond, Virginia.
Dominion's corporate headquarters in downtown Richmond, Virginia.

Dominion Energy is a producer and transporter of energy, with a portfolio of approximately 25,700 megawatts of electric generation, 15,000 miles of natural gas transmission, gathering, storage, and distribution pipeline, and 6,600 miles of electric transmission and distribution lines. Dominion Energy was founded in 1983 and is based in Richmond, Virginia.

DEAL STATS #
Overall 25 of 27
Sector (Oil/Gas Exploration) 4 of 4
Type (Merger) 1 of 2
State (Virginia) 5 of 5
Country (United States) 25 of 27
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Clarke Country Solar

White Post, Virginia, United States

Clarke County Solar is a provider of renewable energy services located on a 117-acre parcel of land in White Post, Va.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 SCANA

Cayce, South Carolina, United States

SCANA Corporation is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. The Company serves approximately 675,000 electric customers in South Carolina and more than 1.2 million natural gas customers in South Carolina, North Carolina and Georgia.

Buy -
Mergr

Product

Company

Legal