M&A Deal Summary

Evergy Acquires Westar Energy

On May 31, 2016, Evergy acquired utilities company Westar Energy for 12.2B USD

Acquisition Highlights
  • This is Evergy’s 1st transaction in the Utilities sector.
  • This is Evergy’s largest (disclosed) transaction.
  • This is Evergy’s 2nd transaction in the United States.
  • This is Evergy’s 1st transaction in Kansas.

M&A Deal Summary
Date 2016-05-31
Target Westar Energy
Sector Utilities
Buyer(s) Evergy
Deal Type Add-on Acquisition
Deal Value 12.2B USD
Advisor(s) Guggenheim Securities (Financial)
Baker Botts LLP (Legal)

Target

Westar Energy

Topeka, Kansas, United States
website
Westar Energy, Inc. is an electric utility company. Westar has 7,200 MW of electric generation capacity fueled by coal, uranium, natural gas, wind and landfill gas. Westar Energy was formed in 1924 and is based in Topeka, Kansas.

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Buyer(S) 1

Buyer

Evergy

Kansas City, Missouri, United States

website

Category Company
Founded 2017
Sector Utilities
Employees4,512
Revenue 5.9B USD (2022)
DESCRIPTION

Evergy is the holding company of Kansas City Power & Light Company and KCP&L Greater Missouri Operations Company, two of the regulated providers of electricity in the Midwest. Kansas City Power & Light Company and KCP&L Greater Missouri Operations Company use KCP&L as a brand name. Evergy was founded in 2017 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 2 of 2
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Kansas) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-02 Strategic Energy

Tonawanda, New York, United States

Strategic Energy LLC, is a electricity suppliers to the commercial and industrial (C&I) market with over 26,000 customers across 11 states with revenues of some $2 billion and sales of 21TWh.

Sell $300M
Mergr

Product

Company

Legal