Consolidated Edison - M&A Summary and Business Overview

UtilitiesCompany

Consolidated Edison M&A Summary

Consolidated Edison has acquired 3 companies. It has also divested 3 assets.

Consolidated Edison’s largest acquisition to date was in 2018, when it acquired Sempra Energy - U.S. Solar Assets for $1.5B. It’s largest disclosed sale occurred in 2022, when it sold Con Edison Clean Energy Businesses to RWE Renewables Americas for $6.8B. Consolidated Edison has acquired in 3 different US states. The Company’s most targeted sectors include renewable energy (67%) and electrical equipment (34%).

Consolidated Edison Business Overview

Where is Consolidated Edison headquartered?

Consolidated Edison is headquartered in New York, New York.

What is Consolidated Edison’s revenue?

Consolidated Edison disclosed revenue of 14,663M USD for 2023 and 15,670M USD for 2022.

How many employees does Consolidated Edison have?

Consolidated Edison has 14,592 employees.

What sector is Consolidated Edison in?

Consolidated Edison is an utilities company.

When was Consolidated Edison founded?

Consolidated Edison was founded in 1823.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity3
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 2

Consolidated Edison

Consolidated Edison, Inc.

4 Irving Place,
New York, New York 10003
United States,
(212) 460-4600
www.conedison.com

Consolidated Edison is a provider of electricity, natural gas, and steam to customers in New York City and Westchester County. Con Edison of New York provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers. The company also provides steam service in parts of Manhattan. Consolidated Edison was incorporated in 1823 and is headquartered in New York City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $1.5B $1.5B
Sell (0.6/yr) # - - 2 1 - - 3
vol $1.2B $6.8B $8.0B
  6

Most Recent M&A

Company Date Value Type
Con Edison Clean Energy Businesses, Inc. 2022-10-01 6.8B USD Divestiture
New York, New York
Consolidated Edison - Contracted Renewable Portfolio 2021-06-30 - Divestiture
Tehachapi, California
Stagecoach Gas Services LLC 2021-06-01 1.2B USD Divestiture
Owego, New York · www.stagecoachgs.com
Sempra Energy - U.S. Solar Assets 2018-09-20 1.5B USD Divestiture
San Diego, California
Juhl Energy, Inc. - Three Key Assets 2017-01-30 - Divestiture
, Mississippi
Custom Energy Services LLC 2008-05-01 - Add-on Acquisition
Overland Park, Kansas
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
ConEdison Solutions    - ConEdison Solutions - Retail Electricity and Natural Gas Business 2016-07-27 1
Valhalla, New York · www.conedsolutions.com Valhalla, New York

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment - - 3 (100%) 8.0B (100%)
Renewable Energy 2 (67%) 1.5B (100%) - -
Electrical Equipment 1 (33%) - - -
Total 3 $1.5B 3 $8.0B

By Geo

State/Country Buy Value Sell Value
United States 3 1.5B 3 8.0B
  California 1 1.5B 1 -
  New York - - 2 8.0B
  Mississippi 1 - - -
  Kansas 1 - - -
Total 3 $1.5B 3 $8.0B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
 1
Legal Deals
Latham & Watkins
 1

Deal Values

buy # Total
> $1B 1 $1.5B
TOTAL $1.5B
Largest Sempra Energy - U.S. Solar Assets
$1.5B (2018-09-20)
sell # Total
> $1B 2 $8.0B
TOTAL $8.0B
Largest Con Edison Clean Energy Businesses, Inc.
$6.8B (2022-10-01)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
2 (67%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Utilities

Revenue

14,663   7% 2023
15,670   15% 2022
13,676   12% 2021
12,246   3% 2020
12,574   2% 2019
12,337   3% 2018
12,033   1% 2017
12,075   4% 2016
12,554   3% 2015
12,919   5% 2014
12,354   2% 2013
12,188   2012
(millions of USD) Show More Show Less

Employees

14,592

Established

1823

Public

NYSE: ED

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