M&A Deal Summary

Chesapeake Utilities Acquires Gatherco

On January 30, 2015, Chesapeake Utilities Corp. acquired oil/gas exploration company Gatherco, Inc. for 59M USD

Acquisition Highlights
  • This is Chesapeake Utilities’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Chesapeake Utilities’ 1st largest (disclosed) transaction.
  • This is Chesapeake Utilities’ 3rd transaction in the United States.
  • This is Chesapeake Utilities’ 1st transaction in Ohio.

M&A Deal Summary

Date 2015-01-30
Target Gatherco, Inc.
Sector Oil/Gas Exploration
Buyer(s) Chesapeake Utilities Corp.
Deal Type Add-on Acquisition
Deal Value 59M USD

Target

Gatherco, Inc.

Orrville, Ohio, United States
website
Gatherco, Inc. is a midstream company, providing gathering, gas processing, and gas transportation services for producers with wells in the shallow formations of the Appalachian Basin.

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Buyer(S) 1

Buyer

Chesapeake Utilities Corp.

Dover, Delaware, United States

website


Category Company
Founded 1859
SectorUtilities
Employees947
Revenue 488M USD (2020)
DESCRIPTION

Chesapeake is a diversified energy company focused on delivering outstanding service and attaining sustainable growth that generates long-term value for our employees, customers, investors, and other stakeholders. Chesapeake was founded in 1859 and is based in Dover, Delaware.


DEAL STATS #
Overall 3 of 5
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Ohio) 1 of 1
Country (United States) 3 of 5
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-26 Eastern Shore Gas Co.

Dover, Delaware, United States

Eastern Shore Gas Co. is a provider of propane distribution service to approximately 11,000 residential and commercial customers in Worcester County, Maryland, primarily in Ocean City, West Ocean City, Ocean Pines, Berlin, Pocomoke and Snow Hill.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 Marlin CNG Services

Trinity, Florida, United States

Marlin CNG Services is a premier North American supplier of mobile compressed natural gas (CNG) utility and pipeline solutions. Marlin has been providing virtual pipeline applications to local gas distribution utilities, municipal gas companies, intrastate and interstate pipeline companies, natural gas producers, manufacturers and large industrial customers throughout North America.

Buy -