Drax Group - M&A Summary and Business Overview

UtilitiesCompany

Drax Group M&A Summary

Drax Group has acquired 3 companies, including 1 in the last 5 years.

Drax Group’s largest acquisition to date was in 2021, when it acquired Pinnacle Renewable Energy for $632M. Drax Group has acquired in 2 countries. The Company’s most targeted sectors include utilities (67%) and renewable energy (34%).

Drax Group Business Overview

Where is Drax Group headquartered?

Drax Group is headquartered in Selby, United Kingdom.

What is Drax Group’s revenue?

Drax Group disclosed revenue of 8,125M GBP for 2023 and 7,775M GBP for 2022.

How many employees does Drax Group have?

Drax Group has 3,551 employees.

What sector is Drax Group in?

Drax Group is an utilities company.

When was Drax Group founded?

Drax Group was founded in 2005.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1
  • M&A Advisors 3

Drax Group

Drax Group plc

Drax Power Station,
Selby, YO8 8PH
United Kingdom,
+44 17 5761 8381
www.drax.com

Drax Group is playing a vital role in helping change the way energy is generated, supplied and used as the UK moves to a low carbon future. Drax Group has three principal activities – electricity generation, energy supply, and compressed wood pellet manufacturing for use in electricity production. Drax Power Station is located near Selby, North Yorkshire, connecting directly into the national electricity distribution grid. Drax Group was founded in 2005 and is headquartered in Selby, United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - 1 - - - 3
vol $540M $632M $1.2B
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Pinnacle Renewable Energy, Inc. 2021-02-08 632M CAD Add-on Acquisition
Richmond, British Columbia · www.pinnaclepellet.com
Opus Energy Group Ltd. 2016-12-06 523M GBP Add-on Acquisition
Oxon, United Kingdom · www.opusenergy.com
Haven Power Ltd. 2009-03-06 17M GBP Divestiture
Ipswich, United Kingdom · www.havenpower.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 2 (67%) 540M (46%) - -
Renewable Energy 1 (33%) 632M (54%) - -
Total 3 $1.2B - -

By Geo

State/Country Buy Value Sell Value
United Kingdom 2 540M - -
Canada 1 632M - -
  British Columbia 1 632M - -
Domestic 2 (67%) 540M (46%) - -
Cross-border 1 (33%) 632M (54%) - -
Total 3 $1.2B - -

Top M&A Advisors

Financial Deals
RBC Capital Markets
 1
Legal Deals
Osler
 1
Slaughter and May
 1

Deal Values

buy # Total
$100M to $1B 2 $1.2B
< $100M 1 $17M
TOTAL $1.2B
Largest Pinnacle Renewable Energy, Inc.
$632M (2021-02-08)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)

Company Summary

SECTOR

Utilities

Revenue

8,125   5% 2023
7,775   53% 2022
5,088   20% 2021
4,245   10% 2020
4,703   11% 2019
4,237   15% 2018
3,685   25% 2017
2,950   4% 2016
3,065   10% 2015
2,805   37% 2014
2,062   16% 2013
1,780   4% 2012
1,836   2011
(millions of GBP) Show More Show Less

Employees

3,551

Established

2005

Public

London Stock Exchange: DRX

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