WEC Energy Group - M&A Summary and Business Overview

UtilitiesCompany

WEC Energy Group M&A Summary

WEC Energy Group has acquired 6 companies, including 5 in the last 5 years. It has also divested 2 assets.

WEC Energy Group’s largest acquisition to date was in 2014, when it acquired Integrys Energy Group for $9.1B. It’s largest disclosed sale occurred in 2007, when it sold Point Beach Nuclear Plant to FPL Energy Services for $924M. WEC Energy Group has acquired in 3 different US states. The Company’s most targeted sectors include renewable energy (84%) and utilities (17%).

WEC Energy Group Business Overview

Where is WEC Energy Group headquartered?

WEC Energy Group is headquartered in Milwaukee, Wisconsin.

What is WEC Energy Group’s revenue?

WEC Energy Group disclosed revenue of 8,893M USD for 2023 and 9,597M USD for 2022.

How many employees does WEC Energy Group have?

WEC Energy Group has 7,000 employees.

What sector is WEC Energy Group in?

WEC Energy Group is an utilities company.

When was WEC Energy Group founded?

WEC Energy Group was founded in 1896.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

WEC Energy Group

WEC Energy Group, Inc.

231 W. Michigan Street,
Milwaukee, Wisconsin 53201
United States,
(414) 221-2345
www.wecenergygroup.com

WEC Energy Group is an electric and natural gas delivery company with deep operational expertise, scale, and financial resources to meet the region’s future energy needs. We focus on reliable service, customer satisfaction, and shareholder value. WEC Energy Group was founded in 1896 and is based in Milwaukee, Wisconsin.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 2 1 2 1 - - 6
vol $9.2B $345M $9.6B
Sell (0.0/yr) # 2 - - - - - 2
vol $1.8B $1.8B
  8

Most Recent M&A

Company Date Value Type
Maple Flats Solar Energy Center 2022-10-31 - Add-on Acquisition
Clay County, Illinois
Sapphire Sky Wind Energy Center 2021-07-27 - Stake Purchase
Bloomington, Illinois
Jayhawk Wind Farm 2021-03-01 - Add-on Acquisition
, United States · www.jayhawkwind.com
Blooming Grove Wind Energy Center 2020-01-27 345M USD Divestiture
Lexington, Illinois · mcleancountywind.invenergyllc.com
Coyote Ridge Wind Farm 2019-01-08 145M USD Divestiture
White, South Dakota
Integrys Energy Group, Inc. 2014-07-23 9.1B USD Add-on Acquisition
Chicago, Illinois · www.integrysgroup.com
Point Beach Nuclear Plant 2007-10-01 924M USD Divestiture
Two Rivers, Wisconsin
WICOR, Inc. 2004-08-02 850M USD Divestiture
Milwaukee, Wisconsin
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Integrys Energy Group, Inc. 2014-07-23 Integrys Energy Group - 23 MW of Solar Power Plants 2015-06-04 1
Chicago, Illinois · www.integrysgroup.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 5 (83%) 490M (5%) - -
Utilities 1 (17%) 9.1B (95%) - -
Energy Services and Equipment - - 1 (50%) 924M (52%)
Machinery - - 1 (50%) 850M (48%)
Total 6 $9.6B 2 $1.8B

By Geo

State/Country Buy Value Sell Value
United States 6 9.6B 2 1.8B
  Illinois 4 9.4B - -
  Wisconsin - - 2 1.8B
  South Dakota 1 145M - -
Total 6 $9.6B 2 $1.8B

Deal Values

buy # Total
> $1B 1 $9.1B
$100M to $1B 2 $490M
TOTAL $9.6B
Largest Integrys Energy Group, Inc.
$9.1B (2014-07-23)
sell # Total
$100M to $1B 2 $1.8B
TOTAL $1.8B
Largest Point Beach Nuclear Plant
$924M (2007-10-01)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
2 (33%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Utilities

Revenue

8,893   8% 2023
9,597   16% 2022
8,316   15% 2021
7,242   4% 2020
7,523   3% 2019
7,680   1% 2018
7,649   3% 2017
7,472   27% 2016
5,926   19% 2015
4,997   2014
(millions of USD) Show More Show Less

Employees

7,000

Established

1896

Public

NYSE: WEC

Former Name

Wisconsin Energy Corp.

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