M&A Deal Summary

AES Acquires DPL

On November 28, 2011, AES acquired utilities company DPL for 4.7B USD

Acquisition Highlights
  • This is AES’s 2nd transaction in the Utilities sector.
  • This is AES’s largest (disclosed) transaction.
  • This is AES’s 6th transaction in the United States.
  • This is AES’s 1st transaction in Ohio.

M&A Deal Summary
Date 2011-11-28
Target DPL
Sector Utilities
Buyer(s) AES
Deal Type Add-on Acquisition
Deal Value 4.7B USD

Target

DPL

Dayton, Ohio, United States
website
DPL is an electrical utility company. DPL Inc., the parent company of Dayton Power & Light (DP&L), was acquired by The AES Corporation.DPL's principal subsidiaries include The Dayton Power and Light Company (DP&L); DPL Energy, LLC (DPLE); and DPL Energy Resources, Inc. (DPLER). DP&L, a regulated electric utility, provides service to over 500,000 retail customers in West Central Ohio; DPLE engages in the operation of merchant peaking generation facilities; and DPLER is a competitive retail electric supplier in Ohio, selling to major industrial and commercial customers. DPL, through its subsidiaries, owns and operates approximately 3,800 megawatts of generation capacity, of which 2,800 megawatts are low cost coal-fired units and 1,000 megawatts are natural gas and diesel peaking units.

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Buyer(S) 1

Buyer

AES

Arlington, Virginia, United States

website

Category Company
Founded 1981
Sector Utilities
Employees8,162
Revenue 9.7B USD (2020)
DESCRIPTION

AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. The AES was founded in 1981 and is based in Arlington, Virginia.

DEAL STATS #
Overall 8 of 13
Sector (Utilities) 2 of 2
Type (Add-on Acquisition) 7 of 12
State (Ohio) 1 of 1
Country (United States) 6 of 11
Year (2011) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-08 Your Energy

Richmond,, United Kingdom

Your Energy Ltd., a renewable energy company, engages in the design, planning, and development of renewable energy projects.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-23 AES Ironwood

Lebanon, Pennsylvania, United States

AES Ironwood LLC a subsidiary of The AES Corp.

Sell -
Mergr

Product

Company

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