Southern Company Gas - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

Southern Company Gas M&A Summary

Southern Company Gas has acquired 2 companies of its own. It has also divested 3 assets.

Southern Company Gas’ largest acquisition to date was in 2010, when it acquired Nicor for $2.4B. It’s largest disclosed sale occurred in 2018, when it sold Southern - Pivotal Home Solutions to American Water Works for $365M. Southern Company Gas has acquired in 2 different US states. The Company’s most targeted sectors include distribution (50%) and energy services and equipment (50%).

Southern Company Gas Ownership

Who owns Southern Company Gas?

Southern Company Gas is owned by Southern. It was acquired on August 24, 2015.

Southern Company Gas Business Overview

Where is Southern Company Gas headquartered?

Southern Company Gas is headquartered in Atlanta, Georgia.

How many employees does Southern Company Gas have?

Southern Company Gas has 6,094 employees.

What sector is Southern Company Gas in?

Southern Company Gas is an energy services and equipment company.

When was Southern Company Gas founded?

Southern Company Gas was founded in 1856.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity2
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

Southern Company Gas

Ten Peachtree Place NE Atlanta,
Atlanta, Georgia 30309
United States,
(404) 584-4000
www.aglresources.com

Southern Company Gas is a provider of an energy needs of millions of U.S. households and businesses. Southern Company Gas was founded in 1856 and is based in Atlanta, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $2.4B $2.4B
Sell (0.2/yr) # 2 - 1 - - - 3
vol $385M $385M
  5

Most Recent M&A

Company Date Value Type
Sequent Energy Management, L.P. 2021-07-01 - Divestiture
Houston, Texas · www.sequentenergy.com
Southern Co. - Pivotal Home Solutions 2018-04-11 365M USD Divestiture
Atlanta, Georgia
Compass Energy Services, Inc. 2013-05-02 20M USD Divestiture
Richmond, Virginia · www.compassenergy.net
Nicor, Inc. 2010-12-08 2.4B USD Add-on Acquisition
Naperville, Illinois · www.nicorgas.com
Compass Energy Services, Inc. 2007-10-08 - Add-on Acquisition
Richmond, Virginia · www.compassenergy.net
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (50%) - 2 (67%) 20M (5%)
Distribution 1 (50%) 2.4B (100%) - -
Consumer Services - - 1 (33%) 365M (95%)
Total 2 $2.4B 3 $385M

By Geo

State/Country Buy Value Sell Value
United States 2 2.4B 3 385M
  Virginia 1 - 1 20M
  Illinois 1 2.4B - -
  Texas - - 1 -
  Georgia - - 1 365M
Total 2 $2.4B 3 $385M

Top M&A Advisors

Financial Deals
Goldman Sachs
1
Legal Deals
Dewey & LeBoeuf LLP
1

Deal Values

buy # Total
> $1B 1 $2.4B
TOTAL $2.4B
Largest Nicor, Inc.
$2.4B (2010-12-08)
sell # Total
$100M to $1B 1 $365M
< $100M 1 $20M
TOTAL $385M
Largest Southern Co. - Pivotal Home Solutions
$365M (2018-04-11)

M&A Connections

Deals
Divested to
Strategic(s)
100%
3 (100%)

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