AltaGas Mergers and Acquisitions Summary

Renewable Energy Company

AltaGas has acquired 4 companies, including 1 in the last 5 years. It has also divested 2 assets.

AltaGas’ largest acquisition to date was in 2017, when it acquired WGL Holdings for $6.4B. AltaGas has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include energy services and equipment (50%) and oil/gas exploration (25%).

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M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 5

AltaGas Ltd.

355 - 4th Avenue SW Suite 1700,
Calgary, Alberta T2P 0J1
Canada,
403-691-7575
www.altagas.ca

AltaGas Ltd.(Formerly AltaGas Services, Inc.) is the first major independent Canadian midstream company, AltaGas has evolved into a diversified operator and developer of gas and power infrastructure. Today our gas business gathers, processes, transports, distributes, stores and markets natural gas and natural gas liquids (NGLs), touching more than 2 Bcf/d of gas from coast to coast to coast in Canada. AltaGas was founded in 1994 and is based in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 3 - 1 - - - 4
vol $1.3B $6.4B $7.7B
Sell (0.4/yr) # - - - 1 1 - 2
  6

Most Recent M&A

Company Date Value Type
AltaGas Ltd. - Energy Infrastructure and Supply Assets 2019-01-01 - Divestiture
Calgary, Alberta
Tidewater Midstream and Infrastructure Ltd. 2018-09-10 - Stake Purchase
Calgary, Alberta · www.tidewatermidstream.com
WGL Holdings, Inc. 2017-01-25 6.4B USD Add-on Acquisition
Washington, District of Columbia · www.wglholdings.com
SEMCO Energy, Inc. 2012-02-01 1.1B USD Add-on Acquisition
Port Huron, Michigan · www.semcoenergygas.com
Pacific Northern Gas Ltd. 2011-12-20 175M CAD Add-on Acquisition
Vancouver, British Columbia · www.png.ca
Heritage Gas Ltd. 2009-11-18 - Add-on Acquisition
Dartmouth, Nova Scotia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (50%) 1.3B (17%) 1 (50%) -
Oil/Gas Exploration 1 (25%) - 1 (50%) -
Utilities 1 (25%) 6.4B (83%) - -
Total 4 $7.7B 2 -

By Geo

State/Country Buy Value Sell Value
Canada 2 175M 2 -
  Alberta - - 2 -
  Nova Scotia 1 - - -
  British Columbia 1 175M - -
United States 2 7.5B - -
  Michigan 1 1.1B - -
  District of Columbia 1 6.4B - -
Domestic 2 (50%) 175M (2%) 2 (100%) -
Cross-border 2 (50%) 7.5B (98%) - -
Total 4 $7.7B 2 -

Top M&A Advisors

Financial Deals
TD Securities
1
J.P. Morgan Securities LLC
1
Scotia Waterous
1
Legal Deals
Stikeman Elliott LLP
2
Vinson & Elkins LLP
1

Deal Values

buy # Total
> $1B 2 $7.5B
$100M to $1B 1 $175M
TOTAL $7.7B
Largest WGL Holdings, Inc.
$6.4B (2017-01-25)

M&A Connections

Deals %
Acquired from
Strategic(s)
100%
1 100%
Divested to
PE Firm(s)
100%
1 100%

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