M&A Deal Summary

WEC Energy Group Acquires Integrys Energy Group

On July 23, 2014, WEC Energy Group acquired utilities company Integrys Energy Group for 9.1B USD

Acquisition Highlights
  • This is WEC Energy Group’s 1st transaction in the Utilities sector.
  • This is WEC Energy Group’s largest (disclosed) transaction.
  • This is WEC Energy Group’s 1st transaction in the United States.
  • This is WEC Energy Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2014-07-23
Target Integrys Energy Group
Sector Utilities
Buyer(s) WEC Energy Group
Deal Type Add-on Acquisition
Deal Value 9.1B USD
Advisor(s) Lazard Ltd. (Financial)
Cravath, Swaine & Moore LLP
Foley & Lardner LLP (Legal)

Target

Integrys Energy Group

Chicago, Illinois, United States
website
Integrys Energy Group Inc. is a diversified energy holding company with regulated natural gas and electric utility operations.

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Buyer(S) 1

Buyer

WEC Energy Group

Milwaukee, Wisconsin, United States

website


Category Company
Founded 1896
Sector Utilities
Employees7,022
Revenue 9.6B USD (2022)
DESCRIPTION

WEC Energy Group is an electric and natural gas delivery company with deep operational expertise, scale, and financial resources to meet the region’s future energy needs. We focus on reliable service, customer satisfaction, and shareholder value. WEC Energy Group was founded in 1896 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 1 of 6
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Illinois) 1 of 4
Country (United States) 1 of 6
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Point Beach Nuclear Plant

Two Rivers, Wisconsin, United States

Point Beach is a 1,033-megawatt facility located in Two Rivers, Wisconsin. The first unit at Point Beach went into commercial service in 1970 and is licensed to operate until 2030. The second unit was brought on line in 1973 and is licensed to operate until 2033.

Sell $924M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Coyote Ridge Wind Farm

White, South Dakota, United States

Coyote Ridge Wind Farm site consists of 39 GE wind turbines with a combined capacity of 97 megawatts.

Buy $145M