CenterPoint Energy - M&A Summary and Business Overview

UtilitiesCompany

CenterPoint Energy M&A Summary

CenterPoint Energy has acquired 9 companies. It has also divested 5 assets.

CenterPoint Energy’s largest acquisition to date was in 2012, when it acquired Martin Midstream East Texas & Northwest Louisiana natural Gas Assets for $275M. It’s largest disclosed sale occurred in 2004, when it sold Texas Genco Holdings to Hellman & Friedman for $3.7B. CenterPoint Energy has acquired in 6 different US states. The Company’s most targeted sectors include energy services and equipment (45%) and oil/gas exploration (23%).

CenterPoint Energy Business Overview

Where is CenterPoint Energy headquartered?

CenterPoint Energy is headquartered in Houston, Texas.

What is CenterPoint Energy’s revenue?

CenterPoint Energy disclosed revenue of 9,321M USD for 2022 and 8,352M USD for 2021.

How many employees does CenterPoint Energy have?

CenterPoint Energy has 8,986 employees.

What sector is CenterPoint Energy in?

CenterPoint Energy is an utilities company.

When was CenterPoint Energy founded?

CenterPoint Energy was founded in 1866.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity9
    • M&A Sell Activity5
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 12
  • M&A Advisors 7

CenterPoint Energy

CenterPoint Energy, Inc.

1111 Louisiana Street,
Houston, Texas 77002
United States,
(713) 207-1111
www.centerpointenergy.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 9 - - - - - 9
vol $315M $315M
Sell (0.8/yr) # 1 2 1 - - 1 5
vol $3.7B $1.3B $2.2B $7.1B
  14

Most Recent M&A

Company Date Value Type
CenterPoint Energy - Louisiana & Mississippi Natural Gas Distribution Operations 2024-02-20 - Divestiture
, United States
CenterPoint Energy, Inc. - Arkansas & Oklahoma Gas Distribution Assets 2021-04-29 2.2B USD Divestiture
Houston, Texas
CenterPoint Energy Services, Inc. 2020-02-24 400M USD Divestiture
Houston, Texas
Miller Pipeline and Minnesota Ltd. 2020-02-03 850M USD Divestiture
Indianapolis, Indiana · www.mvergecompany.com
Vectren Corp. 2018-04-23 - Merger
Evansville, Indiana · www.vectren.com
Atmos Energy Marketing LLC 2016-10-31 40M USD Divestiture
Houston, Texas · www.atmosenergymarketing.com
Continuum Retail Energy Services LLC 2016-04-01 - Divestiture
Tulsa, Oklahoma
Continuum Energy Services - Natural Gas Wholesale Assets 2016-04-01 - Divestiture
, United States
Lakeshore Energy Services LLC 2016-04-01 - Divestiture
Clinton Township, Michigan · www.lakeshoreenergy.com
Martin Midstream East Texas & Northwest Louisiana natural Gas Assets 2012-06-19 275M USD Divestiture
, United States
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Vectren Corp.    - Vectren Source 2012-01-03 1
Evansville, Indiana · www.vectren.com Westerville, Ohio · www.vectrensource.com

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 4 (44%) - 2 (40%) 1.3B (18%)
Utilities 2 (22%) - 3 (60%) 5.8B (82%)
Oil/Gas Exploration 2 (22%) 275M (87%) - -
Marketing 1 (11%) 40M (13%) - -
Total 9 $315M 5 $7.1B

By Geo

State/Country Buy Value Sell Value
United States 9 315M 5 7.1B
  Texas 2 40M 3 6.2B
  Indiana 1 - 1 850M
  Oklahoma 1 - - -
  Michigan 1 - - -
  Colorado 1 - - -
Total 9 $315M 5 $7.1B

Top M&A Advisors

Financial Deals
Goldman Sachs
 2
Citigroup Investment Banking
 1
J.P. Morgan Securities
 1
Legal Deals
Akin Gump Strauss Hauer & Feld LLP
 2
BakerHostetler
 1
Dentons Bingham Greenebaum
 1

Deal Values

buy # Total
$100M to $1B 1 $275M
< $100M 1 $40M
TOTAL $315M
Largest Martin Midstream East Texas & Northwest Louisiana natural Gas Assets
$275M (2012-06-19)
sell # Total
> $1B 2 $5.8B
$100M to $1B 2 $1.3B
TOTAL $7.1B
Largest Texas Genco Holdings, Inc.
$3.7B (2004-07-21)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
6 (67%)
Divested to
Investor(s)
40%
2 (40%)
Strategic(s)
60%
3 (60%)

Company Summary

SECTOR

Utilities

Revenue

9,321   12% 2022
8,352   13% 2021
7,418   40% 2020
12,301   17% 2019
10,589   11% 2018
9,614   28% 2017
7,528   2% 2016
7,386   20% 2015
9,226   14% 2014
8,106   9% 2013
7,452   2012
(millions of USD) Show More Show Less

Employees

8,986

Established

1866

Public

NYSE: CNP

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