Progress Energy - M&A Summary and Business Overview

UtilitiesCompany

Progress Energy M&A Summary

Progress Energy has acquired 1 company. It has also divested 2 assets.

Progress Energy’s largest acquisition to date was in 1999, when it acquired Florida Progress for $5.3B. It’s largest disclosed sale occurred in 2005, when it sold Progress Rail Services to One Equity Partners for $405M. Progress Energy has acquired in 1 US state. The Company’s most targeted sectors include utilities (100%).

Progress Energy Business Overview

Where is Progress Energy headquartered?

Progress Energy is headquartered in Raleigh, North Carolina.

How many employees does Progress Energy have?

Progress Energy has 11,000 employees.

What sector is Progress Energy in?

Progress Energy is an utilities company.

When was Progress Energy founded?

Progress Energy was founded in 1925.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity1
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Progress Energy

Progress Energy, Inc.

410 South Wilmington Street,
Raleigh, North Carolina 27601
United States,
(704)382-3853
www.progress-energy.com

Progress Energy is a diversified energy company with more than 24,000 megawatts of generation capacity. Energy also includes non-regulated operations covering merchant generation, energy marketing, natural gas exploration, fuel extraction, rail services and broadband capacity.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $5.3B $5.3B
Sell (0.0/yr) # 2 - - - - - 2
vol $542M $542M
  3

Most Recent M&A

Company Date Value Type
Progress Telecom LLC 2006-01-26 137M USD Divestiture
St. Petersburg, Florida
Progress Rail Services Corp. 2005-03-04 405M USD Divestiture
Albertville, Alabama · www.progressrail.com
Florida Progress Corporation 1999-08-23 5.3B USD Add-on Acquisition
Raleigh, North Carolina
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 1 (100%) 5.3B (100%) - -
Communications - - 1 (50%) 137M (25%)
Machinery - - 1 (50%) 405M (75%)
Total 1 $5.3B 2 $542M

By Geo

State/Country Buy Value Sell Value
United States 1 5.3B 2 542M
  North Carolina 1 5.3B - -
  Florida - - 1 137M
  Alabama - - 1 405M
Total 1 $5.3B 2 $542M

Deal Values

buy # Total
> $1B 1 $5.3B
TOTAL $5.3B
Largest Florida Progress Corporation
$5.3B (1999-08-23)
sell # Total
$100M to $1B 2 $542M
TOTAL $542M
Largest Progress Rail Services Corp.
$405M (2005-03-04)

M&A Connections

Deals
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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