UtilitiesCompany
Allete M&A Summary
Allete has acquired 4 companies of its own, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.
Allete’s largest acquisition to date was in 2022, when it acquired New Energy Equity for $166M. It’s largest disclosed sale occurred in 2004, when it sold Heater Utilities to Essential Utilities for $48M. Allete has acquired in 4 different US states. The Company’s most targeted sectors include renewable energy (50%) and business services (25%).
Allete Ownership
Who owns Allete?
Allete is owned by CPP Investments and Global Infrastructure Partners. It was acquired on May 6, 2024.
Is Allete PE-backed?
Yes. Allete is owned by private equity investors CPP Investments and Global Infrastructure Partners.
Allete Business Overview
Where is Allete headquartered?
Allete is headquartered in Duluth, Minnesota.
What is Allete’s revenue?
Allete disclosed revenue of 1,880M USD for 2023 and 1,571M USD for 2022.
What sector is Allete in?
Allete is an utilities company.
When was Allete founded?
Allete was founded in 1906.
M&A Summary
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M&A Total Activity7
- M&A Buy Activity4
- M&A Sell Activity3
- Total Sectors Invested 3
- Total Countries Invested 1
- M&A Buy/Sell Connections 5
- M&A Advisors 1
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