FirstEnergy Mergers and Acquisitions Summary

UtilitiesCompany

FirstEnergy has acquired 3 companies. It has also divested 4 assets.

FirstEnergy’s largest acquisition to date was in 2010, when it acquired Allegheny Energy for $4.7B. It’s largest disclosed sale occurred in 2017, when it sold FirstEnergy - 4 Natural Gas Generating Plants to LS Power Development for $925M. FirstEnergy has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include utilities (100%).

Join Mergr and gain access to FirstEnergy’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 Activity7
    • M&A Buy Activity3
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 3

FirstEnergy

FirstEnergy Corp.

76 South Main Street,
Akron, Ohio 44308
United States,
(800) 736-3402
www.firstenergycorp.com

FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes a investor-owned electric systems and a diverse generating fleet with a total capacity of nearly 18,000 megawatts. FirstEnergy was founded in 1996 and is based in Akron, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.0/yr) # 3 - - - - - 3
vol $9.6B $9.6B
Sell (0.0/yr) # 4 - - - - - 4
vol $1.0B $1.0B
  7

Most Recent M&A

Company Date Value Type
Allegheny Energy Supply Co. LLC 2017-01-19 - Divestiture
Greensburg, Pennsylvania
Allegheny Generating Co. 2017-01-19 - Divestiture
Greensburg, Pennsylvania
FirstEnergy Corp. - 4 Natural Gas Generating Plants 2017-01-19 925M USD Divestiture
Akron, Ohio
Richland-Stryker Generation LLC 2011-11-22 80M USD Divestiture
Defiance, Ohio
Allegheny Energy, Inc. 2010-02-10 4.7B USD Add-on Acquisition
Greensburg, Pennsylvania · www.alleghenyenergy.com
GPU, Inc. 2001-11-07 4.5B USD Add-on Acquisition
Morristown, New Jersey · www.gpu.com
EMDERSA Generación Salta S.A. 2001-01-01 435M USD Add-on Acquisition
Salta, Argentina
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 3 (100%) 9.6B (100%) 2 (50%) 1.0B (100%)
Renewable Energy - - 2 (50%) -
Total 3 $9.6B 4 $1.0B

By Geo

State/Country Buy Value Sell Value
United States 2 9.2B 4 1.0B
  Pennsylvania 1 4.7B 2 -
  Ohio - - 2 1.0B
  New Jersey 1 4.5B - -
Argentina 1 435M - -
Domestic 2 (67%) 9.2B (95%) 4 (100%) 1.0B (100%)
Cross-border 1 (33%) 435M (5%) - -
Total 3 $9.6B 4 $1.0B

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Harbor Hills Partners LLC
1
Legal Deals
Akin Gump Strauss Hauer & Feld LLP
1

Deal Values

buy # Total
> $1B 2 $9.2B
$100M to $1B 1 $435M
TOTAL $9.6B
Largest Allegheny Energy, Inc.
$4.7B (2010-02-10)
sell # Total
$100M to $1B 1 $925M
< $100M 1 $80M
TOTAL $1.0B
Largest FirstEnergy Corp. - 4 Natural Gas Generating Plants
$925M (2017-01-19)

M&A Connections

Deals
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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