Continental Energy Systems Mergers and Acquisitions Summary

Energy Services And EquipmentCompany

Continental Energy Systems has acquired 2 companies. It has also divested 2 assets.

Continental Energy Systems’ largest acquisition to date was in 2009, when it acquired Natural Gas Operations - PNM Resources for $640M. It’s largest disclosed sale occurred in 2012, when it sold SEMCO Energy to AltaGas for $1.1B. Continental Energy Systems has acquired in 2 different US states. The Company’s most targeted sectors include energy services and equipment (50%) and oil/gas exploration (50%).

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M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity2
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 3

Continental Energy Systems

Continental Energy Systems LLC

630 Fifth Avenue, 30th Floor ,
New York, New York 10111
United States,
www.nmgco.com

Continental Energy Systems transmits and distributes natural gas to customers in Alaska, Michigan, and New Mexico. The company distributes natural gas to residential, commercial, and industrial customers in service territories in the southern half of the state’s Lower Peninsula and in the central, eastern, and western parts of the state’s Upper Peninsula. It also distributes propane in Michigan’s Upper Peninsula; and natural gas pipeline and storage operations in Michigan.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.0/yr) # 2 - - - - - 2
vol $640M $640M
Sell (0.0/yr) # 2 - - - - - 2
vol $2.1B $2.1B
  4

Most Recent M&A

Company Date Value Type
New Mexico Gas Co., Inc. 2014-09-03 950M USD Divestiture
Albuquerque, New Mexico · www.nmgco.com
SEMCO Energy, Inc. 2012-02-01 1.1B USD Add-on Acquisition
Port Huron, Michigan · www.semcoenergygas.com
Natural Gas Operations - PNM Resources 2009-01-30 640M USD Add-on Acquisition
Albuquerque, New Mexico
SEMCO Energy, Inc. 2007-01-01 - Add-on Acquisition
Port Huron, Michigan · www.semcoenergygas.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (50%) - 1 (50%) 1.1B (54%)
Oil/Gas Exploration 1 (50%) 640M (100%) - -
Utilities - - 1 (50%) 950M (46%)
Total 2 $640M 2 $2.1B

By Geo

State/Country Buy Value Sell Value
United States 2 640M 2 2.1B
  New Mexico 1 640M 1 950M
  Michigan 1 - 1 1.1B
Total 2 $640M 2 $2.1B

Top M&A Advisors

Financial Deals
Tudor, Pickering, Holt & Co., LLC
 1
Credit Suisse Investment Banking
 1
Legal Deals
Cravath, Swaine & Moore LLP
 1

Deal Values

buy # Total
$100M to $1B 1 $640M
TOTAL $640M
Largest Natural Gas Operations - PNM Resources
$640M (2009-01-30)
sell # Total
> $1B 1 $1.1B
$100M to $1B 1 $950M
TOTAL $2.1B
Largest SEMCO Energy, Inc.
$1.1B (2012-02-01)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Energy Services and Equipment

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