630 Fifth Avenue, 30th Floor ,
New York,
New York 10111
United States,
www.continentalllc.com
Continental Energy Systems is engaged in the transmission and distribution of gas and electricity in Michigan, Alaska and Texas. The Company, based in Michigan, has three operating divisions, SEMCO Energy, ENSTAR and Cap Rock Energy, which together serve approximately 445,000 customers.
| Year | ≤ '13 | '14 | '15 | '16 | '17 | '18 | T | |
|---|---|---|---|---|---|---|---|---|
| Buy (0.0/yr) | # | 2 | - | - | - | - | - | 2 |
| vol | $640M | $640M | ||||||
| Sell (0.2/yr) | # | 1 | 1 | - | - | - | - | 2 |
| vol | $1.1B | $950M | $2.1B | |||||
| 4 | ||||||||
| Financial | Deals |
|---|---|
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1 |
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1 |
| Legal | Deals |
|---|---|
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1 |
| Buy | # | TOTAL |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| TOTAL | Sign-up to View | |
| Largest |
Natural Gas Operations - PNM Resources $640M (2009-01-30) |
|
| Sell | # | Total |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| Total | Sign-up to View | |
| Largest |
SEMCO Energy, Inc. $1.1B (2012-02-01) |
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Continental Energy Systems was acquired by Lindsay Goldberg on November 20, 2018.
Continental Energy Systems has acquired 2 companies of its own. 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%).
When analyzing the energy services and equipment sector as a whole, according to Mergr, in the last 3 years, there are 205 energy services and equipment companies that have made at least 1 acquisition, 11 have acquired at least 5 companies, and 1 has acquired more than 10 companies. The most prolific strategic energy services and equipment acquirer over the past 3 years is Shell Midstream Partners, with 5 acquisitions. The most prolific private equity acquirer in the energy services and equipment sector over the past 3 years is Tailwater Capital LLC with 7 platform acquisitions.
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