Continental Energy Systems Mergers and Acquisitions Summary

Energy Services And Equipment Company

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%).

Join Mergr and gain access to Continental Energy Systems’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

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 LLC

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.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 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
Credit Suisse Investment Banking
1
Tudor, Pickering, Holt & Co., LLC
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)
100%
1 100%
Divested to
Strategic(s)
100%
2 100%

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