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Black Hills Mergers & Acquisitions

Black Hills M&A Summary

Black Hills has acquired 7 companies. A total of 1 acquisition came from private equity firms.

Black Hills’ largest acquisition to date was in 2015, when it acquired SourceGas for $1.9B. Black Hills has acquired in 4 different US states. The Company’s most targeted sectors include utilities (58%) and oil/gas exploration (29%).

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity7
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7

Black Hills

Black Hills Corp.

7001 Mount Rushmore Road,
Rapid City, South Dakota 57702
United States,
(605) 721-1700
www.blackhillscorp.com

All (7) Buy (7) Sell (-)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2015-07-12 SourceGas LLC · Oil/Gas Exploration
Golden, Colorado · www.sourcegas.com

SourceGas LLC, owns and operates regulated local gas distribution companies (LDCs) with operations in Arkansas, Colorado, Nebraska and Wyoming serving over 1.1 million residential, commercial, industrial and agricultural customers. SourceGas also owns a regulated intrastate gas pipeline company in Colorado.

1,890 Add-on Acquisition

Black Hills
Advisors: Credit Suisse Investment Banking , Faegre Baker Daniels LLP

Astatine Investment Partners PE
Advisors: Bracewell , J.P. Morgan Securities

GE Energy Financial Services
Advisors: Bracewell , J.P. Morgan Securities

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