ENGIE - M&A Summary and Business Overview

UtilitiesCompany

ENGIE M&A Summary

ENGIE has acquired 32 companies, including 7 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 8 assets.

ENGIE’s largest acquisition to date was in 2023, when it acquired BTE Renewables for $1.0B. It’s largest disclosed sale occurred in 2017, when it sold ENGIE E&P International SA to Neptune Oil & Gas for $5.3B. ENGIE has acquired in 7 different US states, and 12 countries. The Company’s most targeted sectors include renewable energy (36%) and construction (17%).

ENGIE Business Overview

Where is ENGIE headquartered?

ENGIE is headquartered in Courbevoie, France.

What is ENGIE’s revenue?

ENGIE disclosed revenue of 82,566M EUR for 2023 and 93,864M EUR for 2022.

How many employees does ENGIE have?

ENGIE has 97,000 employees.

What sector is ENGIE in?

ENGIE is an utilities company.

When was ENGIE founded?

ENGIE was founded in 1880.

M&A Summary

  • M&A Total Activity39
    • M&A Buy Activity31
    • M&A Sell Activity8
  • Total Sectors Invested 12
  • Total Countries Invested 12
  • M&A Buy/Sell Connections 26
  • M&A Advisors 1

ENGIE

ENGIE SA

1, place Samuel de Champlain,
Courbevoie, 92400
France,
+33 1 44 22 00 00
www.engie.com

ENGIE is a French utility company. ENGIE provides electricity generation and distribution, natural gas and renewable energy. ENGIE was founded in 1880 and is based in Courbevoie, France.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 27 - 1 - 3 - 31
vol $733M $1.0B $1.7B
Sell (0.2/yr) # 7 - 1 - - - 8
vol $13.1B $13.1B
  39

Most Recent M&A

Company Date Value Type
Broad Reach Power LLC 2023-08-24 - Add-on Acquisition
Houston, Texas · www.broadreachpower.com
BTE Renewables 2023-06-21 1.0B USD Add-on Acquisition
Fourways, South Africa · www.bterenewables.com
ReVolve Renewable Power - Utility Scale Solar and Storage Projects 2023-01-11 - Divestiture
Dublin, Ireland
Eolia Renovables de Inversiones, S.C.R., S.A. 2021-11-11 - Add-on Acquisition
Madrid, Spain · www.eolia.com
FirstLight Waterbury Generation LLC 2021-04-01 - Divestiture
Waterbury, Massachusetts
Renvico Holding S.r.l. 2019-12-05 - Add-on Acquisition
Milan, Italy · www.renvicoenergy.com
Pierre Guerin Technologies 2019-04-26 - Add-on Acquisition
NIORT, France · www.pierreguerin.com
CertiNergy Ltd. 2019-02-01 - Add-on Acquisition
75675, France · www.certinergy.com
SAMEOLE 2018-09-27 - Add-on Acquisition
Carpiquet, France · www.sameole.fr
Flashnet SA 2018-07-04 - Stake Purchase
Brasov, Romania · www.flashnet.ro
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
ENGIE North America, Inc.    - Waterbury Generation Facility 2021-06-10 1
Houston, Texas · www.engie-na.com Waterbury, Connecticut
ENGIE Ineo    - Powerlines Group GMBH 2019-07-31 2
Courbevoie, France · www.engie-ineo.fr Vienna, Austria · www.powerlines-group.com
ENGIE North America, Inc.    - SoCore Energy LLC 2018-03-05 7
Houston, Texas · www.engie-na.com Chicago, Illinois · www.socoreenergy.com
Cofely USA, Inc.    - ENGIE Insight Services, Inc. 2014-05-29 1
, United States Spokane, Washington · www.ecova.com

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 11 (35%) 1.2B (71%) 3 (38%) 4.5B (34%)
Construction 5 (16%) 508M (29%) - -
Business Services 3 (10%) - 1 (13%) -
Energy Services and Equipment 2 (6%) - 2 (25%) 3.3B (25%)
Electrical Equipment 2 (6%) - - -
Environmental 2 (6%) - - -
Information Technology 1 (3%) - - -
Internet Software and Services 1 (3%) - - -
Machinery 1 (3%) - - -
Metals/Mining 1 (3%) - - -
Software 1 (3%) - - -
Utilities 1 (3%) - - -
Engineering - - 1 (13%) -
Oil/Gas Exploration - - 1 (13%) 5.3B (40%)
Total 31 $1.7B 8 $13.1B

By Geo

State/Country Buy Value Sell Value
United States 10 - 4 7.8B
  Massachusetts 3 - 1 -
  New York 2 - - -
  Texas 1 - 1 3.3B
  Pennsylvania 1 - - -
  Connecticut 1 - - -
  Colorado 1 - - -
  California 1 - - -
France 10 225M 2 5.3B
United Kingdom 2 508M 1 -
Netherlands 1 - 1 -
Australia 1 - - -
Brazil 1 - - -
Ireland 1 - - -
Italy 1 - - -
Romania 1 - - -
Singapore 1 - - -
South Africa 1 1.0B - -
Spain 1 - - -
Domestic 10 (32%) 225M (13%) 2 (25%) 5.3B (40%)
Cross-border 21 (68%) 1.5B (87%) 6 (75%) 7.8B (60%)
Total 31 $1.7B 8 $13.1B

Top M&A Advisors

Financial Deals
Lincoln International
1

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 2 $733M
TOTAL $1.7B
Largest BTE Renewables
$1.0B (2023-06-21)
sell # Total
> $1B 4 $13.1B
TOTAL $13.1B
Largest ENGIE E&P International SA
$5.3B (2017-05-11)

M&A Connections

Deals
Acquired from
Investor(s)
35%
11 (35%)
Strategic(s)
23%
7 (23%)
Divested to
Investor(s)
50%
4 (50%)
Strategic(s)
50%
4 (50%)

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