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Fortis Mergers & Acquisitions

Fortis M&A Summary

Fortis has acquired 10 companies.

Fortis’ largest acquisition to date was in 2016, when it acquired ITC Holdings for $11.3B. Fortis has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include utilities (50%) and insurance (10%).

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity10
  • Total Sectors Invested 6
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2

Fortis

Fortis, Inc.

Fortis Place Suite 1100 5 Springdale Street PO Box 8837,
Saint John's, Newfoundland A1E 0E4
Canada,
(709) 737-2800
www.fortisinc.com

All (10) Buy (10) Sell (-)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2016-02-09 ITC Holdings Corp. · Utilities
Novi, Michigan · www.itc-holdings.com

ITC Holdings Corp. is an electricity transmission and utility serving the central United States and Canada. company. ITC was formed in 2001 and is based in Novi, Michigan.

Revenue (mlns) 1,044 USD
Advisors: Barclays Investment Bank , Morgan Stanley , Simpson Thacher & Bartlett 		11,300
10.8x REVENUE 		Add-on Acquisition

Fortis
Advisors: Davies Ward Phillips & Vineberg , Goldman Sachs , Scotiabank - Global Banking and Markets , White & Case

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