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%).
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
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