Xcel Energy - M&A Summary and Business Overview

UtilitiesCompany

Xcel Energy M&A Summary

Xcel Energy has acquired 4 companies. It has also divested 3 assets.

Xcel Energy’s largest acquisition to date was in 2018, when it acquired Mankato Energy Center for $650M. Xcel Energy has acquired in 4 different US states. The Company’s most targeted sectors include utilities (75%) and energy services and equipment (25%).

Xcel Energy Business Overview

Where is Xcel Energy headquartered?

Xcel Energy is headquartered in Minneapolis, Minnesota.

What is Xcel Energy’s revenue?

Xcel Energy disclosed revenue of 14,206M USD for 2023 and 15,310M USD for 2022.

How many employees does Xcel Energy have?

Xcel Energy has 11,311 employees.

What sector is Xcel Energy in?

Xcel Energy is an utilities company.

When was Xcel Energy founded?

Xcel Energy was founded in 1909.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity4
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4

Xcel Energy

Xcel Energy, Inc.

414 Nicollet Mall,
Minneapolis, Minnesota 55401
United States,
(612) 330-5500
www.xcelenergy.com

Xcel Energy is a U.S. electric and natural gas company. Based in Minneapolis, Minnesota, the company operates in eight states and provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers. Xcel Energy was founded in 1909 and is based in Minneapolis, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $725M $725M
Sell (0.0/yr) # 3 - - - - - 3
  7

Most Recent M&A

Company Date Value Type
Mankato Energy Center LLC 2018-11-06 650M USD Divestiture
Mankato, Minnesota
Brush Power Assets 2013-03-19 75M USD Divestiture
, United States
Seren Innovations, Inc. 2005-07-22 - Divestiture
Minneapolis, Minnesota
Utility Engineering Corp. 2005-03-03 - Divestiture
Denver, Colorado · www.ue-corp.com
NRG Energy, Inc. 2000-05-30 - Spin Off
Houston, Texas · www.nrg.com
New Century Energies, Inc. 1999-03-26 - Merger
Denver, Colorado
NRG Energy, Inc. 1989-01-01 - Add-on Acquisition
Houston, Texas · www.nrg.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 3 (75%) 650M (90%) 1 (33%) -
Energy Services and Equipment 1 (25%) 75M (10%) - -
Communications - - 1 (33%) -
Engineering - - 1 (33%) -
Total 4 $725M 3 -

By Geo

State/Country Buy Value Sell Value
United States 4 725M 3 -
  Texas 1 - 1 -
  Minnesota 1 650M 1 -
  Colorado 1 - 1 -
Total 4 $725M 3 -

Deal Values

buy # Total
$100M to $1B 1 $650M
< $100M 1 $75M
TOTAL $725M
Largest Mankato Energy Center LLC
$650M (2018-11-06)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
2 (50%)
Divested to
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Utilities

Revenue

14,206   8% 2023
15,310   14% 2022
13,431   17% 2021
11,526   1% 2020
11,529   1% 2019
11,537   2% 2018
11,404   3% 2017
11,107   1% 2016
11,024   6% 2015
11,686   8% 2014
10,914   8% 2013
10,128   2012
(millions of USD) Show More Show Less

Employees

11,311

Established

1909

Public

NASDAQ: XEL

Former Name

Northern States Power Co.

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