M&A Deal Summary

Liberty Energy Utilities Acquires Granite State Electric

On July 3, 2012, Liberty Energy Utilities acquired utilities company Granite State Electric from National Grid

Acquisition Highlights
  • This is Liberty Energy Utilities’ 1st transaction in the Utilities sector.
  • This is Liberty Energy Utilities’ 1st transaction in the United States.
  • This is Liberty Energy Utilities’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 2012-07-03
Target Granite State Electric
Sector Utilities
Buyer(s) Liberty Energy Utilities
Sellers(s) National Grid
Deal Type Divestiture

Target

Granite State Electric

Salem, New Hampshire, United States
Granite State Electric Co.provides electric retail distribution for approximately 43,000 customers in 21 countries.

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Buyer(S) 1

Buyer

Liberty Energy Utilities

Tahoe Vista, California, United States
Category Company
Sector Utilities
DESCRIPTION

Liberty Energy Utilities Co. provides local electrical distribution utility services.

DEAL STATS #
Overall 1 of 4
Sector (Utilities) 1 of 4
Type (Divestiture) 1 of 3
State (New Hampshire) 1 of 1
Country (United States) 1 of 4
Year (2012) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 California Pacific Electric

South Lake Tahoe, California, United States

California Pacific Electric Co. provides water, natural gas, and electric transmission and distribution services.

Buy $39M

Seller(S) 1

SELLER

National Grid

London, United Kingdom

website

Category Company
Founded 1990
Sector Energy Services and Equipment
Employees29,292
Revenue 18.3B GBP (2022)
DESCRIPTION

National Grid is an electricity and gas company that connects consumers to energy sources through its networks. To create new, sustainable energy solutions for the future and developing an energy system that underpins economic prosperity in the 21st century. National Grid was founded in 1990 and is based in London, the United Kingdom.

DEAL STATS #
Overall 4 of 7
Sector (Utilities) 1 of 3
Type (Divestiture) 2 of 5
State (New Hampshire) 1 of 1
Country (United States) 3 of 4
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 KeySpan-Ravenswood

United States

KeySpan-Ravenswood, Inc. is a gas and oil fired generating facility consisting of multiple units employing steam turbine, combined cycle and combustion turbine technology.

Sell $2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Rhode Island Energy

Providence, Rhode Island, United States

Rhode Island Energy is a utility company that provides distributes, transmits, and generates electricity. Rhode Island Energy is based in Providence, Rhode Island.

Sell $3.8B
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