FirstEnergy - M&A Summary and Business Overview

UtilitiesCompany

FirstEnergy M&A Summary

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

FirstEnergy’s largest acquisition to date was in 2010, when it acquired Allegheny Energy for $4.7B. It’s largest disclosed sale occurred in 2017, when it sold FirstEnergy - 4 Natural Gas Generating Plants to LS Power Development for $925M. FirstEnergy has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include utilities (100%).

FirstEnergy Business Overview

Where is FirstEnergy headquartered?

FirstEnergy is headquartered in Akron, Ohio.

What is FirstEnergy’s revenue?

FirstEnergy disclosed revenue of 12,870M USD for 2023 and 12,459M USD for 2022.

How many employees does FirstEnergy have?

FirstEnergy has 12,042 employees.

What sector is FirstEnergy in?

FirstEnergy is an utilities company.

When was FirstEnergy founded?

FirstEnergy was founded in 1996.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity3
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 3

FirstEnergy

FirstEnergy Corp.

76 South Main Street,
Akron, Ohio 44308
United States,
(800) 736-3402
www.firstenergycorp.com

FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes a investor-owned electric systems and a diverse generating fleet with a total capacity of nearly 18,000 megawatts. FirstEnergy was founded in 1996 and is based in Akron, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $9.6B $9.6B
Sell (0.0/yr) # 4 - - - - - 4
vol $1.0B $1.0B
  7

Most Recent M&A

Company Date Value Type
Allegheny Energy Supply Co. LLC 2017-01-19 - Divestiture
Greensburg, Pennsylvania
Allegheny Generating Co. 2017-01-19 - Divestiture
Greensburg, Pennsylvania
FirstEnergy Corp. - 4 Natural Gas Generating Plants 2017-01-19 925M USD Divestiture
Akron, Ohio
Richland-Stryker Generation LLC 2011-11-22 80M USD Divestiture
Defiance, Ohio
Allegheny Energy, Inc. 2010-02-10 4.7B USD Add-on Acquisition
Greensburg, Pennsylvania · www.alleghenyenergy.com
GPU, Inc. 2001-11-07 4.5B USD Add-on Acquisition
Morristown, New Jersey · www.gpu.com
EMDERSA Generación Salta S.A. 2001-01-01 435M USD Add-on Acquisition
Salta, Argentina
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 3 (100%) 9.6B (100%) 2 (50%) 1.0B (100%)
Renewable Energy - - 2 (50%) -
Total 3 $9.6B 4 $1.0B

By Geo

State/Country Buy Value Sell Value
United States 2 9.2B 4 1.0B
  Pennsylvania 1 4.7B 2 -
  Ohio - - 2 1.0B
  New Jersey 1 4.5B - -
Argentina 1 435M - -
Domestic 2 (67%) 9.2B (95%) 4 (100%) 1.0B (100%)
Cross-border 1 (33%) 435M (5%) - -
Total 3 $9.6B 4 $1.0B

Top M&A Advisors

Financial Deals
Harbor Hills Partners LLC
1
Morgan Stanley
1
Legal Deals
Akin Gump Strauss Hauer & Feld
1

Deal Values

buy # Total
> $1B 2 $9.2B
$100M to $1B 1 $435M
TOTAL $9.6B
Largest Allegheny Energy, Inc.
$4.7B (2010-02-10)
sell # Total
$100M to $1B 1 $925M
< $100M 1 $80M
TOTAL $1.0B
Largest FirstEnergy Corp. - 4 Natural Gas Generating Plants
$925M (2017-01-19)

M&A Connections

Deals
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

 Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.