M&A Deal Summary

Southern Acquires Southern Company Gas

On August 24, 2015, Southern acquired energy services and equipment company Southern Company Gas for 12.0B USD

Acquisition Highlights
  • This is Southern’s 1st transaction in the Energy Services and Equipment sector.
  • This is Southern’s largest (disclosed) transaction.
  • This is Southern’s 2nd transaction in the United States.
  • This is Southern’s 1st transaction in Georgia.

M&A Deal Summary

Date 2015-08-24
Target Southern Company Gas
Sector Energy Services and Equipment
Buyer(s) Southern
Deal Type Add-on Acquisition
Deal Value 12.0B USD
Advisor(s) Goldman Sachs (Financial)
Cravath, Swaine & Moore (Legal)

Target

Southern Company Gas

Atlanta, Georgia, United States
website
Southern Company Gas is a provider of an energy needs of millions of U.S. households and businesses. Southern Company Gas was founded in 1856 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Southern

Atlanta, Georgia, United States

website


Category Company
Founded 1945
Sector Utilities
Employees27,700
Revenue 29.3B USD (2022)
DESCRIPTION

Southern is a premier energy company serving the Southeast through its subsidiaries. A U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern was founded in 1945 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 5
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 5
Year (2015) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 PowerSecure International

Wake Forest, North Carolina, United States

PowerSecure International, Inc. is a provider of utility and energy technologies to electric utilities and their industrial, institutional, and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), energy efficiency and utility infrastructure.

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