SJI - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

SJI M&A Summary

SJI has acquired 2 companies of its own. It has also divested 1 asset.

SJI has acquired in 2 different US states. The Company’s most targeted sectors include utilities (100%).

SJI Ownership

Who owns SJI?

SJI is owned by J.P. Morgan Private Equity Group. It was acquired on February 24, 2022.

Is SJI PE-backed?

Yes. SJI is owned by private equity investor J.P. Morgan Private Equity Group.

SJI Business Overview

Where is SJI headquartered?

SJI is headquartered in Folsom, New Jersey.

What is SJI’s revenue?

SJI disclosed revenue of 1,992M USD for 2021 and 1,541M USD for 2020.

What sector is SJI in?

SJI is an energy services and equipment company.

When was SJI founded?

SJI was founded in 1910.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

SJI

South Jersey Industries, Inc.

1 South Jersey Plaza,
Folsom, New Jersey 08037
United States,
(609) 561-9000
www.sjindustries.com

SJI is an energy infrastructure holding company that delivers energy services to customers through two primary subsidiaries: SJI Utilities (SJIU) and SJI Energy Enterprises (SJIEE). SJIU houses the company’s regulated natural gas utility operations, delivering safe, reliable, and affordable natural gas to more than 700,000 residential, commercial and industrial customers across New Jersey via its South Jersey Gas and Elizabethtown Gas subsidiaries. SJIEE houses the company’s non-utility operations primarily focused on clean energy development and decarbonization via renewable energy production and energy management activities. SJI was founded in 1910 and is based in Folsom, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
Sell (0.0/yr) # 1 - - - - - 1
  3

Most Recent M&A

Company Date Value Type
Elkton Gas Co. 2019-12-09 - Divestiture
Elkton, Maryland · www.elktongas.com
Elizabethtown Gas 2017-10-16 - Divestiture
Union, New Jersey · www.elizabethtowngas.com
Elkton Gas Co. 2017-10-16 - Divestiture
Elkton, Maryland · www.elktongas.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 2 (100%) - 1 (100%) -
Total 2 - 1 -

By Geo

State/Country Buy Value Sell Value
United States 2 - 1 -
  Maryland 1 - 1 -
  New Jersey 1 - - -
Total 2 - 1 -

Top M&A Advisors

Financial Deals
Guggenheim Securities
 1
BofA Securities
 1
Legal Deals
Gibson, Dunn & Crutcher
 1

M&A Connections

Deals
Acquired from
Strategic(s)
100%
2 (100%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

1,992   30% 2021
1,541   6% 2020
1,629   1% 2019
1,641   33% 2018
1,243   20% 2017
1,037   9% 2016
960   9% 2015
887   22% 2014
731   4% 2013
706   2012
(millions of USD) Show More Show Less

Established

1910

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