Chesapeake - M&A Summary and Business Overview

UtilitiesCompany

Chesapeake M&A Summary

Chesapeake has acquired 6 companies, including 2 in the last 5 years.

Chesapeake’s largest acquisition to date was in 2023, when it acquired Florida City Gas for $923M. Chesapeake has acquired in 5 different US states. The Company’s most targeted sectors include energy services and equipment (34%) and utilities (34%).

Chesapeake Business Overview

Where is Chesapeake headquartered?

Chesapeake is headquartered in Dover, Delaware.

What is Chesapeake’s revenue?

Chesapeake disclosed revenue of 681M USD for 2022 and 570M USD for 2021.

How many employees does Chesapeake have?

Chesapeake has 1,034 employees.

What sector is Chesapeake in?

Chesapeake is an utilities company.

When was Chesapeake founded?

Chesapeake was founded in 1859.

M&A Summary

M&A Total Activity6
- M&A Buy Activity6
Total Sectors Invested 4
Total Countries Invested 1
M&A Buy/Sell Connections 2

Chesapeake

Chesapeake Utilities Corp.

500 Energy Lane,
Dover, Delaware 19901
United States,
(302) 734-6799
www.chpk.com

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 incorporated in 1859 and is based in Dover, Delaware.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.2/yr)	#	5	-	-	-	1	-	6
Buy (0.2/yr)	vol	$59M				$923M		$982M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								6

Most Recent M&A

Company	Date	Value	Type
Florida City Gas	2023-09-26	923M USD	Divestiture
Doral, Florida
Elkton Gas Co.	2019-12-09	-	Divestiture
Elkton, Maryland · www.elktongas.com
Marlin CNG Services	2018-12-19	-	Add-on Acquisition
Trinity, Florida · www.marlingas.com
Gatherco, Inc.	2015-01-30	59M USD	Add-on Acquisition
Orrville, Ohio · www.gatherco.com
Eastern Shore Gas Co.	2012-06-26	-	Add-on Acquisition
Dover, Delaware
Xeron, Inc.	1998-05-29	-	Add-on Acquisition
Houston, Texas
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Energy Services and Equipment	2 (33%)	-	-	-
Utilities	2 (33%)	923M (94%)	-	-
Distribution	1 (17%)	-	-	-
Oil/Gas Exploration	1 (17%)	59M (6%)	-	-
Total	6	$982M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		6	982M	-	-
	Florida	2	923M	-	-
	Ohio	1	59M	-	-
	Maryland	1	-	-	-
	Delaware	1	-	-	-
	Texas	1	-	-	-
Total		6	$982M	-	-

Deal Values

buy	#	Total
$100M to $1B	1	$923M
< $100M	1	$59M
TOTAL		$982M
Largest	Florida City Gas $923M (2023-09-26)

M&A Connections

		Deals
Acquired from
Strategic(s)	33%	2 (33%)

Company Summary

SECTOR

Utilities

Revenue

681 20%	2022
570 17%	2021
488 2%	2020
480 34%	2019
717 17%	2018
618 24%	2017
499 9%	2016
459 9%	2015
499 13%	2014
444 14%	2013
392	2012
(millions of USD)	Show More Show Less

Employees

1,034

Established

1859

Public

NYSE: CPK

Subscribe to unlock this and 202,314
investor and company profiles

Sign-up today to get full access

Unlimited Searches
Unlimited Profile Views
Build and Export Lists of

PE Backed Companies
Direct Investors & Acquirers
Advisors
Deals
& More

1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

Stay informed on events in your industry
M&A research that takes seconds (not all afternoon)
Better understand your customers and prospects
Discover active buyers (or sellers)

Search

4.6K Private Equity Firms
194K M&A Transactions
198K Companies Involved in M&A
(Buyer, Seller, or Target)
3.6K M&A Advisors
(Investment Banks and Law Firms)
75K M&A Contacts
(PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Chesapeake

Delaware Companies , Utilities Companies , United States Companies , Delaware Utilities Companies

Related Lists for Delaware Companies

Largest Delaware Companies , Acquisitive Delaware Companies , Recently Acquired Delaware Companies , Recently Sold Delaware Companies , Private Delaware Companies , Public Delaware Companies , Acquired Delaware Companies , PE Backed Delaware Companies

Related Lists for Utilities Companies

Largest Utilities Companies , Acquisitive Utilities Companies , Recently Acquired Utilities Companies , Recently Sold Utilities Companies , Private Utilities Companies , Public Utilities Companies , Acquired Utilities Companies , PE Backed Utilities Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies

Chesapeake - M&A Summary and Business Overview

UtilitiesCompany