Allete Overview

UtilitiesCompany

Is Allete PE-backed?

Yes. Allete is owned by private equity investors CPP Investments and Global Infrastructure Partners.

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.

Allete

Allete, Inc.

30 West Superior Street,
Duluth, Minnesota 55802
United States,
(218) 279-5000
www.allete.com

Allete is an energy company operating minnesota power, an electric utility that serves 150,000 residents, 14 municipalities, and industrial customers. ALLETE was founded in 1906 and is based in Duluth, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 3 - 1 - - - 4
vol $166M $166M
Sell (0.0/yr) # 3 - - - - - 3
vol $48M $48M
  7

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
1

Try Mergr Free — See This and 220,453+
Other Company and Investor Profiles Today

Try free. Full access. Cancel anytime.

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

Mergr is a user-friendly database designed to simplify the complex world of private equity and M&A for busy professionals.

We created Mergr to eliminate the challenge of tracking company acquisitions, sales, and ownership, providing clear insights into investment firms and their activities. For example, explore an investment firm’s investment criteria, deal history, portfolio, and connections - organized to help you uncover opportunities and make informed decisions.

With Mergr, gain access to a comprehensive, interconnected web of transactions, investors, companies, and advisors - all in one place.

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
  • 4.8K Private Equity Firms
  • 214K M&A Transactions
  • 216K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.8K M&A Advisors
    (Investment Banks and Law Firms)
  • 82K M&A Contacts
    (PE and M&A Advisors)

What next?

Try Free

Full access to Mergr's investor, acquirer, and transaction data starts here.