M&A Deal Summary

National Grid Acquires Western Power Distribution

On March 18, 2021, National Grid acquired utilities company Western Power Distribution from PPL for 7.8B GBP

Acquisition Highlights
  • This is National Grid’s 2nd transaction in the Utilities sector.
  • This is National Grid’s 0th largest (disclosed) transaction.
  • This is National Grid’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-03-18
Target Western Power Distribution
Sector Utilities
Buyer(s) National Grid
Sellers(s) PPL
Deal Type Divestiture
Deal Value 7.8B GBP

Target

Western Power Distribution

Bristol, United Kingdom
website
Western Power Distribution is the electricity distribution network operator for the Midlands, South West England, and South Wales, serving 7.9 million customers. It ensures the power network of poles and pylons, cables, wires, and substations delivers electricity to homes and businesses around-the-clock. Western Power Distribution is based in Bristol, United Kingdom.

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Buyer(S) 1

Buyer

National Grid

London, United Kingdom

website

Category Company
Founded 1990
Sector Energy Services and Equipment
Employees29,292
Revenue 18.3B GBP (2022)
DESCRIPTION

National Grid is an electricity and gas company that connects consumers to energy sources through its networks. To create new, sustainable energy solutions for the future and developing an energy system that underpins economic prosperity in the 21st century. National Grid was founded in 1990 and is based in London, the United Kingdom.

DEAL STATS #
Overall 4 of 4
Sector (Utilities) 2 of 2
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Rhode Island Energy

Providence, Rhode Island, United States

Rhode Island Energy is a utility company that provides distributes, transmits, and generates electricity. Rhode Island Energy is based in Providence, Rhode Island.

Sell $3.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 National Grid - Rhode Island Utility

London, United Kingdom

National Grid's Rhode Island Utility is a provider of Utilities services in London, United Kingdom.

Sell -

Seller(S) 1

SELLER

PPL

Allentown, Pennsylvania, United States

website

Category Company
Founded 1920
Sector Utilities
Employees12,318
Revenue 7.9B USD (2022)
DESCRIPTION

PPL delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom, owns more than 18,000 megawatts of generating capacity in the United States and sells energy in key U.S. markets. PPL was founded in 1920 and is based in Allentown, Pennsylvania.

DEAL STATS #
Overall 3 of 4
Sector (Utilities) 2 of 2
Type (Divestiture) 3 of 4
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Rhode Island Energy

Providence, Rhode Island, United States

Rhode Island Energy is a utility company that provides distributes, transmits, and generates electricity. Rhode Island Energy is based in Providence, Rhode Island.

Buy $3.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 National Grid - Rhode Island Utility

London, United Kingdom

National Grid's Rhode Island Utility is a provider of Utilities services in London, United Kingdom.

Buy -
Mergr

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