Emera - M&A Summary and Business Overview

UtilitiesCompany

Emera M&A Summary

Emera has acquired 3 companies. It has also divested 4 assets.

Emera’s largest acquisition to date was in 2015, when it acquired TECO Energy for $10.4B. It’s largest disclosed sale occurred in 2019, when it sold Emera Maine to ENMAX for $1.3B. Emera has acquired in 3 different US states. The Company’s most targeted sectors include utilities (67%) and energy services and equipment (34%).

Emera Business Overview

Where is Emera headquartered?

Emera is headquartered in Halifax, Nova Scotia.

What is Emera’s revenue?

Emera disclosed revenue of 7,563M CAD for 2023 and 7,588M CAD for 2022.

How many employees does Emera have?

Emera has 7,366 employees.

What sector is Emera in?

Emera is an utilities company.

When was Emera founded?

Emera was founded in 1998.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity3
    • M&A Sell Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 7

Emera

Emera, Inc.

5151 Terminal Road,
Halifax, Nova Scotia B3J 1A1
Canada,
(902) 428-6096
www.emera.com

Emera is a geographically diverse energy and services company. The company invests in electricity generation, transmission, and distribution, as well as gas transmission and utility energy services. Emera was founded in 1998 and is based in Halifax, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $10.9B $10.9B
Sell (0.0/yr) # 4 - - - - - 4
vol $1.3B $1.3B
  7

Most Recent M&A

Company Date Value Type
Emera Maine 2019-03-25 1.3B USD Divestiture
Bangor, Maine · www.emeramaine.com
Bridgeport Energy LLC 2018-11-26 - Divestiture
Bridgeport, Connecticut
Tiverton Power, Inc. 2018-11-26 - Divestiture
Tiverton, Rhode Island
TECO Energy, Inc. 2015-09-04 10.4B USD Add-on Acquisition
Tampa, Florida · www.tecoenergy.com
New England Independent System Operator 2013-11-19 541M USD Divestiture
, United States
Bridgeport Energy LLC 2013-11-19 - Divestiture
Bridgeport, Connecticut
California Pacific Electric Co. 2012-12-21 39M USD Stake Sale
South Lake Tahoe, California · www.libertyutilities.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 2 (67%) 541M (5%) 4 (100%) 1.3B (100%)
Energy Services and Equipment 1 (33%) 10.4B (95%) - -
Total 3 $10.9B 4 $1.3B

By Geo

State/Country Buy Value Sell Value
United States 3 10.9B 4 1.3B
  Connecticut 1 - 1 -
  Florida 1 10.4B - -
  Rhode Island - - 1 -
  Maine - - 1 1.3B
  California - - 1 39M
Total 3 $10.9B 4 $1.3B

Top M&A Advisors

Financial Deals
RBC Capital Markets
 1
J.P. Morgan Securities
 1
Legal Deals
Osler
 1
Troutman Pepper Hamilton Sanders
 1
Davis Polk & Wardwell
 1

Deal Values

buy # Total
> $1B 1 $10.4B
$100M to $1B 1 $541M
TOTAL $10.9B
Largest TECO Energy, Inc.
$10.4B (2015-09-04)
sell # Total
> $1B 1 $1.3B
< $100M 1 $39M
TOTAL $1.3B
Largest Emera Maine
$1.3B (2019-03-25)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
2 (67%)
Divested to
Strategic(s)
100%
4 (100%)

Company Summary

SECTOR

Utilities

Revenue

7,563   1% 2023
7,588   32% 2022
5,765   5% 2021
5,506   10% 2020
6,111   7% 2019
6,524   5% 2018
6,226   46% 2017
4,277   54% 2016
2,789   7% 2015
2,972   34% 2014
2,230   9% 2013
2,059   2012
2,789   1999
(millions of CAD) Show More Show Less

Employees

7,366

Established

1998

Public

Toronto (TSX): EMA

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