AEP - M&A Summary and Business Overview

UtilitiesCompany

AEP M&A Summary

AEP has acquired 5 companies, including 1 in the last 5 years. It has also divested 5 assets.

AEP’s largest acquisition to date was in 2019, when it acquired Sempra Energy - U.S. Renewables Business for $1.1B. It’s largest disclosed sale occurred in 2016, when it sold American Electric Power - Four Competitive Power Plants to ArcLight Capital Partners for $2.2B. AEP has acquired in 3 different US states. The Company’s most targeted sectors include utilities (60%) and energy services and equipment (20%).

AEP Business Overview

Where is AEP headquartered?

AEP is headquartered in Columbus, Ohio.

What is AEP’s revenue?

AEP disclosed revenue of 18,982M USD for 2023 and 19,640M USD for 2022.

How many employees does AEP have?

AEP has 16,800 employees.

What sector is AEP in?

AEP is an utilities company.

When was AEP founded?

AEP was founded in 1906.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity5
    • M&A Sell Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • M&A Advisors 5

AEP

American Electric Power Co., Inc.

1 Riverside Plaza,
Columbus, Ohio 43215
United States,
(614) 716-1000
www.aep.com

AEP is a utility holding company. AEP owns nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP was founded in 1906 and is based in Columbus, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $1.1B $1.1B
Sell (0.4/yr) # 3 - 1 - - 1 5
vol $2.8B $315M $3.1B
  10

Most Recent M&A

Company Date Value Type
AEP OnSite Partners 2024-05-13 315M USD Divestiture
Columbus, Ohio · www.aeponsitepartners.com
American Electric Power Co. Inc. - Racine Hydro Plant 2021-02-09 - Divestiture
Columbus, Ohio
Sempra Energy - U.S. Renewables Business 2019-02-12 1.1B USD Divestiture
San Diego, California
American Electric Power - Four Competitive Power Plants 2016-09-14 2.2B USD Divestiture
, United States
AEP River Operations LLC 2015-10-01 550M USD Divestiture
St. Louis, Missouri · www.aepriverops.com
Sweeny Cogeneration LP 2007-08-21 80M USD Stake Sale
Houston,, Texas
Central and South West Corp. 2000-06-15 - Merger
Dallas, Texas · www.csw.com
Ohio Power Co. 1980-01-01 - Add-on Acquisition
Columbus,, Ohio
Appalachian Power Co. 1925-01-01 - Add-on Acquisition
Columbus,, Ohio · www.appalachianpower.com
Indiana Michigan Power Co. 1922-01-01 - Add-on Acquisition
Columbus, Ohio · www.indianamichiganpower.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Public Service Company of Oklahoma    - Oneta - 260 Megawatts 2012-09-26 1
Columbus, Ohio · www.psoklahoma.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 3 (60%) - 2 (40%) 395M (13%)
Renewable Energy 1 (20%) 1.1B (100%) 2 (40%) 2.2B (70%)
Energy Services and Equipment 1 (20%) - - -
Transportation - - 1 (20%) 550M (18%)
Total 5 $1.1B 5 $3.1B

By Geo

State/Country Buy Value Sell Value
United States 5 1.1B 5 3.1B
  Ohio 3 - 2 315M
  Texas 1 - 1 80M
  California 1 1.1B - -
  Missouri - - 1 550M
Total 5 $1.1B 5 $3.1B

Top M&A Advisors

Financial Deals
Scotia Capital, Inc. (Scotiabank - Global Banking and Markets)
 1
RBC Capital Markets
 1
Wells Fargo Securities
 1
Legal Deals
Morgan Lewis
 1
Bryan Cave Leighton Paisner LLP
 1

Deal Values

buy # Total
> $1B 1 $1.1B
TOTAL $1.1B
Largest Sempra Energy - U.S. Renewables Business
$1.1B (2019-02-12)
sell # Total
> $1B 1 $2.2B
$100M to $1B 2 $865M
< $100M 1 $80M
TOTAL $3.1B
Largest American Electric Power - Four Competitive Power Plants
$2.2B (2016-09-14)

M&A Connections

Deals
Acquired from
Strategic(s)
20%
1 (20%)
Divested to
Investor(s)
40%
2 (40%)
Strategic(s)
60%
3 (60%)

Company Summary

SECTOR

Utilities

Revenue

18,982   4% 2023
19,640   17% 2022
16,792   13% 2021
14,919   5% 2020
15,561   4% 2019
16,196   5% 2018
15,425   6% 2017
16,380   1% 2016
16,453   4% 2015
17,020   15% 2014
14,813   1% 2013
14,945   2012
(millions of USD) Show More Show Less

Employees

16,800

Established

1906

Public

NASDAQ: AEP

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