M&A Deal Summary

Enstor Acquires Sempra Energy - U.S. Natural Gas Storage Facilities

On January 2, 2019, Enstor acquired energy services and equipment company Sempra Energy - U.S. Natural Gas Storage Facilities from Sempra for 332M USD

Acquisition Highlights
  • This is Enstor’s 1st transaction in the Energy Services and Equipment sector.
  • This is Enstor’s largest (disclosed) transaction.
  • This is Enstor’s 2nd transaction in the United States.
  • This is Enstor’s 1st transaction in California.

M&A Deal Summary
Date 2019-01-02
Target Sempra Energy - U.S. Natural Gas Storage Facilities
Sector Energy Services and Equipment
Buyer(s) Enstor
Sellers(s) Sempra
Deal Type Divestiture
Deal Value 332M USD

Target

Sempra Energy - U.S. Natural Gas Storage Facilities

San Diego, California, United States
Sempra Energy - U.S. Natural Gas Storage Facilities is a provider of natural gas storage facilities.

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Buyer(S) 1

Buyer

Enstor

Katy, Texas, United States

website

Category Company
Sector Infrastructure
DESCRIPTION

The ENSTOR Caledonia storage facility is a high-deliverability, multi-cycle gas storage facility in Lowndes County, Mississippi.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-20 Caledonia Energy Partners

Caledonia, Massachusetts, United States

Caledonia Energy Partners, LLC converted a depleted natural gas reservoir into a high-deliverability, multi-cycle gas storage facility that is interconnected with the Tennessee Gas Pipeline.

Buy €184M

Seller(S) 1

SELLER

Sempra

San Diego, California, United States

website

Category Company
Founded 1998
Sector Utilities
Employees18,000
Revenue 12.9B USD (2021)
DESCRIPTION
Sempra Energy's corporate headquarters in downtown San Diego, California.
Sempra Energy's corporate headquarters in downtown San Diego, California.

Sempra develops and operates critical energy infrastructure and provides gas and electricity services primarily in the Western United States. Sempra was founded in 1998 and is based in San Diego, California.

DEAL STATS #
Overall 4 of 8
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 3 of 7
State (California) 2 of 4
Country (United States) 4 of 6
Year (2019) 1 of 4
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Sempra Energy - U.S. Solar Assets

San Diego, California, United States

Sempra Energy - U.S. Solar Assets includes Mesquite Solar 2 and 3 in Arizona; Copper Mountain Solar 1 and 4 in Nevada; Great Valley Solar in California; and solar and battery storage development projects.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Sempra Energy - U.S. Renewables Business

San Diego, California, United States

Sempra Energy - U.S. Renewables Business owns all or part of seven wind farms and one battery installation in seven states.

Sell $1.1B
Mergr

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