M&A Deal Summary

Ameren Acquires CILCORP

On April 29, 2002, Ameren acquired electrical equipment company CILCORP from AES for 540M USD

Acquisition Highlights
  • This is Ameren’s 1st transaction in the Electrical Equipment sector.
  • This is Ameren’s 2nd largest (disclosed) transaction.
  • This is Ameren’s 1st transaction in the United States.
  • This is Ameren’s 1st transaction in Illinois.

M&A Deal Summary
Date 2002-04-29
Target CILCORP
Sector Electrical Equipment
Buyer(s) Ameren
Sellers(s) AES
Deal Type Divestiture
Deal Value 540M USD

Target

CILCORP

Peoria, Illinois, United States
website
CILCORP, Inc.,is an energy services company, CILCO, is an 85 year-old gas and electric utility serving approximately a quarter of a million retail customers in Central Illinois.

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Buyer(S) 1

Buyer

Ameren

St. Louis, Missouri, United States

website

Category Company
Founded 1881
Sector Utilities
Employees9,244
Revenue 8.0B USD (2022)
DESCRIPTION
Entrance to Ameren's corporate headquarters in St. Louis, Missouri.
Entrance to Ameren's corporate headquarters in St. Louis, Missouri.

Ameren is a utility holding company. Ameren operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas transmission and distribution business in Missouri. Ameren was incorporated in 1881 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 1 of 5
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 3
State (Illinois) 1 of 4
Country (United States) 1 of 5
Year (2002) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Central Illinois Light

Peoria, Illinois, United States

Central Illinois Light Co. is a provider of electricity in US.

Buy -

Seller(S) 1

SELLER

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 1 of 12
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 8
State (Illinois) 1 of 1
Country (United States) 1 of 8
Year (2002) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-17 IPALCO Enterprises

Indianapolis, Indiana, United States

IPL provides retail electric service to more than 470,000 residential, commercial and industrial customers in Indianapolis and other central Indiana communities.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-30 SeaWest Holdings

San Diego, California, United States

SeaWest Holdings LLC is a provider of wind farms in the United States.

Buy -
Mergr

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