Chesapeake - M&A Summary and Business Overview

UtilitiesCompany

Chesapeake M&A Summary

Chesapeake has acquired 6 companies, including 2 in the last 5 years.

Chesapeake’s largest acquisition to date was in 2023, when it acquired Florida City Gas for $923M. Chesapeake has acquired in 5 different US states. The Company’s most targeted sectors include utilities (34%) and energy services and equipment (34%).

Chesapeake Business Overview

Where is Chesapeake headquartered?

Chesapeake is headquartered in Dover, Delaware.

What is Chesapeake’s revenue?

Chesapeake disclosed revenue of 671M USD for 2023 and 681M USD for 2022.

How many employees does Chesapeake have?

Chesapeake has 1,281 employees.

What sector is Chesapeake in?

Chesapeake is an utilities company.

When was Chesapeake founded?

Chesapeake was founded in 1859.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Chesapeake

Chesapeake Utilities Corp.

500 Energy Lane,
Dover, Delaware 19901
United States,
(302) 734-6799
www.chpk.com

Chesapeake is a diversified energy company focused on delivering outstanding service and attaining sustainable growth that generates long-term value for our employees, customers, investors, and other stakeholders. Chesapeake was incorporated in 1859 and is based in Dover, Delaware.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 - - - 1 - 6
vol $59M $923M $982M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
Florida City Gas 2023-09-26 923M USD Divestiture
Doral, Florida
Elkton Gas Co. 2019-12-09 - Divestiture
Elkton, Maryland · www.elktongas.com
Marlin CNG Services 2018-12-19 - Add-on Acquisition
Trinity, Florida · www.marlingas.com
Gatherco, Inc. 2015-01-30 59M USD Add-on Acquisition
Orrville, Ohio · www.gatherco.com
Eastern Shore Gas Co. 2012-06-26 - Add-on Acquisition
Dover, Delaware
Xeron, Inc. 1998-05-29 - Add-on Acquisition
Houston, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (33%) - - -
Utilities 2 (33%) 923M (94%) - -
Distribution 1 (17%) - - -
Oil/Gas Exploration 1 (17%) 59M (6%) - -
Total 6 $982M - -

By Geo

State/Country Buy Value Sell Value
United States 6 982M - -
  Florida 2 923M - -
  Texas 1 - - -
  Ohio 1 59M - -
  Maryland 1 - - -
  Delaware 1 - - -
Total 6 $982M - -

Deal Values

buy # Total
$100M to $1B 1 $923M
< $100M 1 $59M
TOTAL $982M
Largest Florida City Gas
$923M (2023-09-26)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
2 (33%)

Company Summary

SECTOR

Utilities

Revenue

671   2% 2023
681   20% 2022
570   17% 2021
488   2% 2020
480   34% 2019
717   17% 2018
618   24% 2017
499   9% 2016
459   9% 2015
499   13% 2014
444   14% 2013
392   2012
(millions of USD) Show More Show Less

Employees

1,281

Established

1859

Public

NYSE: CPK

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