Add-on Acquisition • Utilities

Evergy Acquires Westar Energy

On May 31, 2016, Evergy acquired utilities company Westar Energy for 12.2B USD

Acquisition Context

This is Evergy’s 1st transaction in the Utilities sector.
This is Evergy’s largest (disclosed) transaction.
This is Evergy’s 2nd transaction in the United States.
This is Evergy’s 1st transaction in Kansas.

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M&A Deal Summary
Date	May 31, 2016
Target	Westar Energy
Sector	Utilities
Buyer(s)	Evergy
Deal Type	Add-on Acquisition
Deal Value	12.2B USD
Advisor(s)	Guggenheim Securities (Financial) Baker Botts (Legal)

Target Company

Westar Energy

Topeka, Kansas, United States

Westar Energy, Inc. is an electric utility company. Westar has 7,200 MW of electric generation capacity fueled by coal, uranium, natural gas, wind and landfill gas. Westar Energy was formed in 1924 and is based in Topeka, Kansas.

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Buyer Overview 1

Buyer

Evergy

Kansas City, Missouri, United States

Category	Company
Founded	2017
Sector	Utilities
Employees	4,512
Revenue	5.8B USD (2024)

DESCRIPTION

Evergy engages in generation, transmission, distribution, and sale of electricity. Evergy was founded in 2017 and is based in Kansas City, Missouri.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Utilities	1 of 1
Type: Add-on Acquisition	2 of 2
State: Kansas	1 of 1
Country: United States	2 of 2
Year: 2016	1 of 1
Size (of disclosed)	1 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2008-04-02	Strategic Energy Tonawanda, New York, United States Strategic Energy LLC, is a electricity suppliers to the commercial and industrial (C&I) market with over 26,000 customers across 11 states with revenues of some $2 billion and sales of 21TWh.	Sell	$300M

DATE

TARGET

DEAL TYPE

VALUE

2008-04-02

Strategic Energy

Tonawanda, New York, United States

Strategic Energy LLC, is a electricity suppliers to the commercial and industrial (C&I) market with over 26,000 customers across 11 states with revenues of some $2 billion and sales of 21TWh.

Sell

$300M

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