Southwest Gas - M&A Summary and Business Overview

UtilitiesCompany

Southwest Gas M&A Summary

Southwest Gas has acquired 1 company. It has also divested 1 asset.

Southwest Gas’ largest acquisition to date was in 2003, when it acquired Black Mountain Gas for $25M. It’s largest disclosed sale occurred in 2022, when it sold MountainWest Pipelines Holding to The Williams Companies for $1.5B. Southwest Gas has acquired in 1 US state. The Company’s most targeted sectors include utilities (100%).

Southwest Gas Business Overview

Where is Southwest Gas headquartered?

Southwest Gas is headquartered in Las Vegas, Nevada.

What is Southwest Gas’ revenue?

Southwest Gas disclosed revenue of 5,434M USD for 2023 and 4,960M USD for 2022.

How many employees does Southwest Gas have?

Southwest Gas has 14,943 employees.

What sector is Southwest Gas in?

Southwest Gas is an utilities company.

When was Southwest Gas founded?

Southwest Gas was founded in 1931.

M&A Summary

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

Southwest Gas

Southwest Gas Corp.

8360 South Durango Drive Post Office Box 98510,
Las Vegas, Nevada 89193
United States,
(702) 876-7237
www.swgasholdings.com

Southwest Gas is a provider of natural gas service to customers in Arizona, California and Nevada. Southwest Gas was founded in 1931 and is based in Las Vegas, Nevada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $25M $25M
Sell (0.2/yr) # - - - 1 - - 1
vol $1.5B $1.5B
  2

Most Recent M&A

Company Date Value Type
MountainWest Pipelines Holding Co. 2022-12-15 1.5B USD Divestiture
Las Vegas, Nevada
Black Mountain Gas Co. 2003-10-20 25M USD Add-on Acquisition
Cave Creek, Arizona
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 1 (100%) 25M (100%) 1 (100%) 1.5B (100%)
Total 1 $25M 1 $1.5B

By Geo

State/Country Buy Value Sell Value
United States 1 25M 1 1.5B
  Arizona 1 25M - -
  Nevada - - 1 1.5B
Total 1 $25M 1 $1.5B

Top M&A Advisors

Financial Deals
Lazard
 1
Moelis & Co.
 1
Legal Deals
Morrison & Foerster
 1

Deal Values

buy # Total
< $100M 1 $25M
TOTAL $25M
Largest Black Mountain Gas Co.
$25M (2003-10-20)
sell # Total
> $1B 1 $1.5B
TOTAL $1.5B
Largest MountainWest Pipelines Holding Co.
$1.5B (2022-12-15)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Utilities

Revenue

5,434   10% 2023
4,960   35% 2022
3,680   12% 2021
3,299   6% 2020
3,120   9% 2019
2,880   13% 2018
2,549   4% 2017
2,460   1% 2016
2,464   17% 2015
2,122   9% 2014
1,950   2% 2013
1,927   2012
(millions of USD) Show More Show Less

Employees

14,943

Established

1931

Public

NYSE: SWX

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