FirstEnergy Acquisitions and Exits, 7 Deals Between 2001 and 2017
utilities Company

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%).

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FirstEnergy Corp.

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

FirstEnergy Corp. 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 ≤ '14 '15 '16 '17 '18 '19 T
Buy (0.0/yr) # 3 - - - - - 3
vol $9.6B $9.6B
Sell (0.6/yr) # 1 - - 3 - - 4
vol $80M $925M $1.0B
  7

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Financial Deals
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Legal Deals
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Deal Values

Buy # TOTAL
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
TOTAL Sign-up to View
Largest Allegheny Energy, Inc.
$4.7B (2010-02-10)
Sell # Total
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
Total Sign-up to View
Largest FirstEnergy Corp. - 4 Natural Gas Generating Plants
$925M (2017-01-19)

Utilities M&A - Last 3 Years

When analyzing the utilities sector as a whole, according to Mergr, in the last 3 years, there are 80 utilities companies that have made at least 1 acquisition, 7 have acquired at least 5 companies, and 2 have acquired more than 10 companies.

The most prolific strategic utilities acquirer over the past 3 years is Waterlogic, with 8 acquisitions. The most prolific private equity acquirer in the utilities sector over the past 3 years is Allianz Capital Partners with 3 platform acquisitions.


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