M&A Deal Summary

Exelon Acquires John Deere Renewables

On December 10, 2010, Exelon acquired utilities company John Deere Renewables for 860M USD

Acquisition Highlights
  • This is Exelon’s 1st transaction in the Utilities sector.
  • This is Exelon’s largest (disclosed) transaction.
  • This is Exelon’s 1st transaction in the United States.
  • This is Exelon’s 1st transaction in Iowa.

M&A Deal Summary
Date 2010-12-10
Target John Deere Renewables
Sector Utilities
Buyer(s) Exelon
Deal Type Add-on Acquisition
Deal Value 860M USD

Target

John Deere Renewables

Johnston, Iowa, United States
John Deere Renewables LLC a operator and developer of wind power, adding 735 operating megawatts of clean, renewable energy.

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Buyer(S) 1

Buyer

Exelon

Chicago, Illinois, United States

website

Category Company
Founded 1999
Sector Utilities
Employees19,063
Revenue 19.1B USD (2022)
DESCRIPTION
Exelon's corporate headquarters in downtown Chicago, Illinois.
Exelon's corporate headquarters in downtown Chicago, Illinois.

Exelon is a competitive U.S. power energy provider. Company power generators, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. Exelon was founded in 1999 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 7
Sector (Utilities) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (Iowa) 1 of 1
Country (United States) 1 of 7
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-24 InfraSource Services

Media, Pennsylvania, United States

InfraSource Services, Inc. is a provider of infrastructure services to the electric, gas and telecommunications industries.

Sell $280M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-12 MXenergy

Stamford, Connecticut, United States

MXenergy, Inc. is a retail marketer of natural gas and electricity contracts to residential and small commercial customers in 11 states and within two provinces in Canada. The Company offers variable-rate gas and electricity contracts and fixed-price gas contracts of up to three years in length.

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