M&A Deal Summary

Dynegy Acquires ENGIE SA - U.S. Portfolio

On February 7, 2017, Dynegy acquired energy services and equipment company ENGIE SA - U.S. Portfolio from ENGIE for 3.3B USD

Acquisition Highlights
  • This is Dynegy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Dynegy’s largest (disclosed) transaction.
  • This is Dynegy’s 5th transaction in the United States.
  • This is Dynegy’s 1st transaction in Texas.

M&A Deal Summary
Date 2017-02-07
Target ENGIE SA - U.S. Portfolio
Sector Energy Services and Equipment
Buyer(s) Dynegy
Sellers(s) ENGIE
Deal Type Divestiture
Deal Value 3.3B USD

Target

ENGIE SA - U.S. Portfolio

Texas, United States
ENGIE SA - U.S. Portfolio consists of 9,017 megawatts (MW) of generation capacity, more than 90% of which is gasfueled. The plants are located in the Texas ERCOT, PJM and ISO-New England markets, the best and most competitive power markets in the country.

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Buyer(S) 1

Buyer

Dynegy

Houston, Texas, United States

website

Category Company
Founded 1984
Sector Utilities
Employees2,591
Revenue 3.9B USD (2015)
DESCRIPTION
Entrance to Dynegy's corporate headquarters in Houston, Texas.
Entrance to Dynegy's corporate headquarters in Houston, Texas.

Dynegy, Inc. is a provider of wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities, and other energy companies across the US. Dynegy was formed in 1984 and is based in Houston, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 5 of 5
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 AtlasPower

Tijeras, New Mexico, United States

AtlasPower is a provider of superior expertise in the field of power system testing and commissioning. Company capabilities range from EHV substations to all forms of power producing facilities, including wind farms and solar projects.

Buy -

Seller(S) 1

SELLER

ENGIE

Courbevoie, France

website

Category Company
Founded 1880
Sector Utilities
Employees171,000
Revenue 93.9B EUR (2022)
DESCRIPTION

ENGIE is a French utility company. GDF provides electricity generation and distribution, natural gas and renewable energy. ENGIE was founded in 1880 and is based in Courbevoie, France.

DEAL STATS #
Overall 6 of 8
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 5 of 7
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 SIRADEL SAS

Saint-Gregoire, France

SIRADEL SAS is a provider in the field of 3D urban modelling and a developer of software to roll out telecommunications networks and build smart cities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Keepmoat

Doncaster, United Kingdom

Keepmoat Ltd. is a provider of integrated affordable housing development and community regeneration services. Keepmoat Ltd. is based in Doncaster, United Kingdom.

Buy £330M
Mergr

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