M&A Deal Summary

Iberdrola SA Acquires Energy East

On September 18, 2008, Iberdrola SA acquired utilities company Energy East for 4.7B USD

Acquisition Highlights
  • This is Iberdrola SA’s 1st transaction in the Utilities sector.
  • This is Iberdrola SA’s largest (disclosed) transaction.
  • This is Iberdrola SA’s 2nd transaction in the United States.
  • This is Iberdrola SA’s 1st transaction in Maine.

M&A Deal Summary
Date 2008-09-18
Target Energy East
Sector Utilities
Buyer(s) Iberdrola SA
Deal Type Add-on Acquisition
Deal Value 4.7B USD

Target

Energy East

New Gloucester, Maine, United States
website
Energy East Corp. is a utility holding company.

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Buyer(S) 1

Buyer

Iberdrola SA

Bilbao, Spain

website

Category Company
Sector Electrical Equipment
DESCRIPTION

Iberdrola is a Spanish private multinational electric utility company based in Bilbao, Basque Country. Iberdrola has a workforce of around 31,330 employees in dozens of countries on four continents serving around 31,67 million customers

DEAL STATS #
Overall 2 of 4
Sector (Utilities) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Maine) 1 of 1
Country (United States) 2 of 3
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 CPV Wind Ventures

Braintree, Massachusetts, United States

CPV Wind Ventures, LLC was formed by ArcLight and Competitive Power Ventures to develop wind-powered generation facilities in North America. CPV Wind?s business consists of identifying, siting, permitting and contracting wind farm sites.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 Energetix DE

Westerville, Ohio, United States

Energetix DE, LLC (a Delaware limited liability company), is an energy services company (ESCo) that provides electricity, natural gas, and clean energy solutions to residential, small business, large commercial and industrial customers. We are one of the leading energy and green energy suppliers in New York State.

Sell -
Mergr

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