M&A Deal Summary

Atmos Energy Acquires TXU Gas

On June 17, 2004, Atmos Energy acquired utilities company TXU Gas for 1.9B USD

Acquisition Highlights
  • This is Atmos Energy’s 2nd transaction in the Utilities sector.
  • This is Atmos Energy’s largest (disclosed) transaction.
  • This is Atmos Energy’s 2nd transaction in the United States.
  • This is Atmos Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2004-06-17
Target TXU Gas
Sector Utilities
Buyer(s) Atmos Energy
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

TXU Gas

Dallas, Texas, United States
TXU Gas Company LP provides natural gas marketing and procurement services to industrial, commercial and municipal customers.

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Buyer(S) 1

Buyer

Atmos Energy

Dallas, Texas, United States

website

Category Company
Founded 1906
Sector Energy Services and Equipment
Employees4,791
Revenue 4.2B USD (2022)
DESCRIPTION
Atmos Energy's corporate headquarters in Dallas, Texas.
Atmos Energy's corporate headquarters in Dallas, Texas.

Atmos Energy is a natural-gas distributor, serving approximately 3 million customers in more than 1,400 communities across the US. Atmos Energy was incorporated in 1906 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Utilities) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2004) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-03 Mississippi Valley Gas

Jackson, Mississippi, United States

Mississippi Valley Gas Co.is a natural gas utility company.Mississippi Valley served approximately 261,500 residential, commercial, industrial and other customers located primarily in the northern and central regions of Mississippi.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Natural gas distribution operations

Georgia, United States

Natural gas distribution operations engages in distribution of natural gas in Georgia.

Sell $141M
Mergr

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