AltaGas - M&A Summary and Business Overview

Renewable EnergyCompany

AltaGas M&A Summary

AltaGas has acquired 4 companies. 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%).

AltaGas Business Overview

Where is AltaGas headquartered?

AltaGas is headquartered in Calgary, Alberta.

What is AltaGas’ revenue?

AltaGas disclosed revenue of 10,573M CAD for 2021 and 5,587M CAD for 2020.

How many employees does AltaGas have?

AltaGas has 2,926 employees.

What sector is AltaGas in?

AltaGas is a renewable energy company.

When was AltaGas founded?

AltaGas was founded in 1994.

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

AltaGas Ltd.

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

AltaGas 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 incorporated in 1994 and is based in Calgary, Canada.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	4	-	-	-	-	-	4
Buy (0.0/yr)	vol	$7.7B						$7.7B
Sell (0.0/yr)	#	2	-	-	-	-	-	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 Sale
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 >>

Business Unit M&A

Company	Acquired	Add-On/Sale	Date	#
SEMCO Energy, Inc.	2012-02-01	AltaGas' Alaskan Utilities	2022-05-26	1
Port Huron, Michigan · www.semcoenergygas.com		, Alaska

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	-	-
	District of Columbia	1	6.4B	-	-
	Michigan	1	1.1B	-	-
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
J.P. Morgan Securities	1
Scotia Waterous	1
TD Securities	1

Legal	Deals
Stikeman Elliott LLP	2
Vinson & Elkins	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)	25%	1 (25%)
Divested to
Investor(s)	50%	1 (50%)

Company Summary

SECTOR

Renewable Energy

Revenue

10,573 90%	2021
5,587 2%	2020
5,495 30%	2019
4,257 63%	2018
2,619 19%	2017
2,201 1%	2016
2,183 10%	2015
2,404	2014
(millions of CAD)	Show More Show Less

Employees

2,926

Established

1994

Public

Toronto (TSX): ALA

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AltaGas - M&A Summary and Business Overview

Renewable EnergyCompany