National Grid Mergers & Acquisitions

National Grid M&A Summary

National Grid has acquired 4 companies, including 1 in the last 5 years. It has also divested 8 assets.

National Grid’s largest acquisition to date was in 2021, when it acquired Western Power Distribution for $12.0B. It’s largest disclosed sale occurred in 2022, when it sold National Grid - Gas Transmission & Metering Business to BCI for $14.8B. National Grid has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include utilities (50%) and oil/gas exploration (25%).

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity4
    • M&A Sell Activity8
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9

National Grid

National Grid plc

1-3 Strand,
London, WC2N 5EH
United Kingdom,
+44 20 7004 3000
www.nationalgrid.com

All (12) Buy (4) Sell (8)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2025-08-14 Grain LNG · Energy Services and Equipment
Kent, United Kingdom · www.grainlng.com

Grain LNG is a liquefied natural gas import, storage, and regasification terminal that receives LNG from ships (including QMax-class vessels), stores it in cryogenic tanks, then regasifies and processes it (including blending) to meet UK gas-network specifications. Grain LNG is based in Kent, United Kingdom.

2,309 Divestiture

Centrica
Advisor: Slaughter and May

ECP PE
Advisor: Latham & Watkins

National Grid


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