M&A Deal Summary |
|
|---|---|
| Date | 2020-02-03 |
| Target | Miller Pipeline and Minnesota |
| Sector | Energy Services and Equipment |
| Buyer(s) | Artera Services |
| Sellers(s) | CenterPoint Energy |
| Deal Type | Divestiture |
| Deal Value | 850M USD |
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| Category | Company |
|---|---|
| Founded | 2012 |
| Sector | Construction |
| Employees | 8,500 |
Artera Services is a provider of integrated infrastructure services to natural gas and electric industries across 34 states. Artera delivers maintenance and construction services to energy utilities, infrastructure companies, municipalities, and cooperatives across America. Artera Services was founded in 2012 and is based in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 12 |
| Sector (Energy Services and Equipment) | 5 of 6 |
| Type (Divestiture) | 2 of 2 |
| State (Indiana) | 2 of 2 |
| Country (United States) | 8 of 12 |
| Year (2020) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-10 |
Culy Contracting
Winchester, Indiana, United States Culy Contracting is a full-service, value-added civil construction, excavation, and maintenance specialist for power and gas transmission and distribution projects. Culy Contracting was formed in 1978 and is based in Winchester, Indiana. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-26 |
Otis Eastern Service
Wellsville, New York, United States Otis Eastern Service LLC is a contractor of pipelines for midstream and utility companies throughout the Northeast and Appalachian regions. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1866 |
| Sector | Utilities |
| Employees | 8,986 |
| Revenue | 9.3B USD (2022) |
CenterPoint Energy is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. CenterPoint Energy owns and operates natural gas distribution systems. CenterPoint also offers variable and fixed-price physical natural gas supplies primarily to commercial and industrial customers and gas utilities. CenterPoint Energy was incorporated in 1866 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 5 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Divestiture) | 2 of 5 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 2 of 5 |
| Year (2020) | 1 of 2 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-23 |
Vectren
Evansville, Indiana, United States Vectren Corp., is an energy holding company. Vectren's wholly owned subsidiary, Vectren Utility Holdings, Inc., serves as the intermediate holding company for three operating utilities: Vectren Energy Delivery of Indiana - North (Vectren North), Vectren Energy Delivery of Indiana - South (Vectren South) and Vectren Energy Delivery of Ohio (VEDO). |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-24 |
CenterPoint Energy Services
Houston, Texas, United States CenterPoint Energy Services, Inc. provides competitive natural gas sales, storage and supply, and other energy-related solutions to approximately 30,000 commercial and industrial customers, utilities and municipalities in more than 30 states. |
Sell | $400M |
