Dominion Energy Mergers and Acquisitions Summary

UtilitiesCompany

Dominion Energy has acquired 27 companies, including 5 in the last 5 years. It has also divested 10 assets.

Dominion Energy’s largest acquisition to date was in 2016, when it acquired Questar for $4.4B. It’s largest disclosed sale occurred in 2020, when it sold Dominion Energy - Gas Transmission & Storage Segment Assets to Berkshire Hathaway for $9.7B. Dominion Energy has acquired in 11 different US states. The Company’s most targeted sectors include renewable energy (52%) and utilities (26%).

Join Mergr and gain access to Dominion Energy’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the utilities sector.

M&A Summary

  • M&A Total Activity37
    • M&A Buy Activity27
    • M&A Sell Activity10
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 28
  • M&A Advisors 5

Dominion Energy

Dominion Energy, Inc.

120 Tredegar Street,
Richmond, Virginia 23219
United States,
(804) 819-2000
www.dominionenergy.com

Dominion Energy is a producer and transporter of energy, with a portfolio of approximately 25,700 megawatts of electric generation, 15,000 miles of natural gas transmission, gathering, storage, and distribution pipeline, and 6,600 miles of electric transmission and distribution lines. Dominion Energy was formed in 1983 and is based in Richmond, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.6/yr) # 24 1 1 1 - - 27
vol $5.3B $5.3B
Sell (0.4/yr) # 8 - - 1 - 1 10
vol $10.5B $9.7B $690M $20.9B
  37

Most Recent M&A

Company Date Value Type
Hope Gas, Inc. 2022-02-11 690M USD Divestiture
Clarksburg, West Virginia
Cypress Creek Renewables, LLC - Central Virginia Solar Project 2020-08-17 - Divestiture
Santa Monica, California
Dominion Energy, Inc. - Gas Transmission & Storage Segment Assets 2020-07-05 9.7B USD Divestiture
Richmond, Virginia
SCANA Corp. 2019-01-02 - Merger
Cayce, South Carolina · www.scana.com
Dominion Midstream Partners LP 2018-11-26 - Merger
Richmond, Virginia · www.dommidstream.com
Clarke Country Solar 2017-06-30 - Divestiture
White Post, Virginia
Solar Frontier Americas, Inc. - 40 MW Solar Power Project 2017-04-12 - Divestiture
Santa Clara, California
Questar Pipeline LLC 2016-10-31 1.7B USD Divestiture
Salt Lake City, Utah · www.questarpipeline.com
Questar Corp. 2016-02-01 4.4B USD Add-on Acquisition
Salt Lake City, Utah · www.questar.com
Community Energy - 80-Megawatt Solar Facility 2015-11-16 - Divestiture
, Virginia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 14 (52%) - - -
Utilities 7 (26%) 4.6B (87%) 4 (40%) 690M (3%)
Oil/Gas Exploration 4 (15%) - 4 (40%) 18.0B (86%)
Energy Services and Equipment 2 (7%) 710M (13%) 2 (20%) 2.2B (11%)
Total 27 $5.3B 10 $20.9B

By Geo

State/Country Buy Value Sell Value
United States 27 5.3B 10 20.9B
  Virginia 5 - 1 9.7B
  California 4 - - -
  South Carolina 2 493M 1 495M
  Utah 1 4.4B 1 1.7B
  Texas 1 - 1 -
  Oklahoma 1 - - -
  Indiana 1 - - -
  Connecticut 1 - - -
  Wisconsin 1 - - -
  Tennessee 1 - - -
  Pennsylvania - - 1 780M
  Massachusetts - - 1 -
  West Virginia - - 1 690M
Total 27 $5.3B 10 $20.9B

Top M&A Advisors

Financial Deals
Mizuho Securities Co., Ltd.
1
Goldman Sachs Investment Banking Division
1
J.P. Morgan Securities LLC
1
Legal Deals
McGuireWoods LLP
3
Hawke McKeown & Sniscak LLP
1

Deal Values

buy # Total
> $1B 1 $4.4B
$100M to $1B 3 $892M
TOTAL $5.3B
Largest Questar Corp.
$4.4B (2016-02-01)
sell # Total
> $1B 4 $18.9B
$100M to $1B 3 $2.0B
TOTAL $20.9B
Largest Dominion Energy, Inc. - Gas Transmission & Storage Segment Assets
$9.7B (2020-07-05)

M&A Connections

Deals
Acquired from
Strategic(s)
74%
20 (74%)
Divested to
Investor(s)
20%
2 (20%)
Strategic(s)
80%
8 (80%)

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