Cleco - M&A Summary, Ownership, and Business Overview

UtilitiesCompany

Cleco M&A Summary

Cleco has acquired 1 company of its own, including 1 in the last 5 years.

Cleco’s largest acquisition to date was in 2019, when it acquired NRG South Central Generating for $1.0B. Cleco has acquired in 1 US state. The Company’s most targeted sectors include utilities (100%).

Cleco Ownership

Who owns Cleco?

Cleco is owned by Macquarie Infrastructure and Real Assets. It was acquired on October 20, 2014.

Is Cleco PE-backed?

Yes. Cleco is owned by private equity investor Macquarie Infrastructure and Real Assets.

Cleco Business Overview

Where is Cleco headquartered?

Cleco is headquartered in Pineville, Louisiana.

What is Cleco’s revenue?

Cleco disclosed revenue of 1,209M USD for 2015 and 1,269M USD for 2014.

How many employees does Cleco have?

Cleco has 1,206 employees.

What sector is Cleco in?

Cleco is an utilities company.

When was Cleco founded?

Cleco was founded in 1934.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Cleco Corp.

2030 Donahue Ferry Road,
Pineville, Louisiana 71360
United States,
(318) 484-7400
www.cleco.com

Cleco Corp. is a utility holding company. Cleco owns a regulated electric utility company, Cleco Power LLC, which is engaged principally in the generation, transmission, distribution, and sale of electricity primarily in Louisiana. Cleco Power owns 11 generating units with a total nameplate capacity of 3,340 megawatts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $1.0B $1.0B
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
NRG South Central Generating LLC 2019-01-16 1.0B USD Divestiture
Minneapolis, Minnesota
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Cleco Power LLC    - Acadia-580MW Power Station 2010-02-24 1
Pineville, Louisiana , United States

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 1 (100%) 1.0B (100%) - -
Total 1 $1.0B - -

By Geo

State/Country Buy Value Sell Value
United States 1 1.0B - -
  Minnesota 1 1.0B - -
Total 1 $1.0B - -

Deal Values

buy # Total
> $1B 1 $1.0B
TOTAL $1.0B
Largest NRG South Central Generating LLC
$1.0B (2019-01-16)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)

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