DTE - M&A Summary and Business Overview

UtilitiesCompany

DTE M&A Summary

DTE has acquired 4 companies. It has also divested 1 asset.

DTE’s largest acquisition to date was in 2001, when it acquired MCN Energy Group for $4.6B. DTE has acquired in 2 different US states. The Company’s most targeted sectors include utilities (50%) and energy services and equipment (25%).

DTE Business Overview

Where is DTE headquartered?

DTE is headquartered in Detroit, Michigan.

What is DTE’s revenue?

DTE disclosed revenue of 12,745M USD for 2023 and 19,228M USD for 2022.

How many employees does DTE have?

DTE has 9,608 employees.

What sector is DTE in?

DTE is an utilities company.

When was DTE founded?

DTE was founded in 1903.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

DTE

DTE Energy Co.

One Energy Plaza,
Detroit, Michigan 48226
United States,
(313) 235-4000
www.dteenergy.com

DTE is a diversified energy company involved in the development and management of energy-related businesses and services nationwide. DTE was founded in 1903 and is headquartered in Detroit, Michigan.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $4.8B $4.8B
Sell (0.0/yr) # 1 - - - - - 1
  5

Most Recent M&A

Company Date Value Type
NextEra Energy Pheasant Run II Wind Park 2014-06-02 - Divestiture
, Michigan
Lincoln Generating Facility LLC 2007-08-10 - Secondary Sale
Manhattan, Illinois
Lincoln Generating Facility LLC 2004-11-01 173M USD Divestiture
Manhattan, Illinois
MCN Energy Group, Inc. 2001-05-31 4.6B USD Add-on Acquisition
Detroit, Michigan
American Light and Traction 2001-01-01 - Merger
Detroit, Michigan
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 2 (50%) 4.6B (96%) - -
Energy Services and Equipment 1 (25%) 173M (4%) 1 (100%) -
Renewable Energy 1 (25%) - - -
Total 4 $4.8B 1 -

By Geo

State/Country Buy Value Sell Value
United States 4 4.8B 1 -
  Michigan 3 4.6B - -
  Illinois 1 173M 1 -
Total 4 $4.8B 1 -

Top M&A Advisors

Legal Deals
Hunton & Williams LLP
 1
Sullivan & Cromwell
 1

Deal Values

buy # Total
> $1B 1 $4.6B
$100M to $1B 1 $173M
TOTAL $4.8B
Largest MCN Energy Group, Inc.
$4.6B (2001-05-31)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
2 (50%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Utilities

Revenue

12,745   34% 2023
19,228   29% 2022
14,964   23% 2021
12,177   4% 2020
12,669   11% 2019
14,212   13% 2018
12,607   19% 2017
10,630   3% 2016
10,337   16% 2015
12,301   28% 2014
9,661   10% 2013
8,791   2012
(millions of USD) Show More Show Less

Employees

9,608

Established

1903

Public

NYSE: DTE

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Michigan Companies , Utilities Companies , United States Companies , Michigan Utilities Companies , Michigan Utilities with Acquisitions , Michigan Utilities with Divestitures

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