National Grid - M&A Summary and Business Overview

Energy Services And EquipmentCompany

National Grid M&A Summary

National Grid has acquired 4 companies, including 1 in the last 5 years. It has also divested 7 assets.

National Grid’s largest acquisition to date was in 2021, when it acquired Western Power Distribution for $12.0B. It’s largest disclosed sale occurred in 2022, when it sold National Grid - Gas Transmission & Metering Business to British Columbia Investment Management for $14.8B. National Grid has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include utilities (50%) and oil/gas exploration (25%).

National Grid Business Overview

Where is National Grid headquartered?

National Grid is headquartered in London, United Kingdom.

What is National Grid’s revenue?

National Grid disclosed revenue of 18,260M GBP for 2022 and 14,779M GBP for 2021.

How many employees does National Grid have?

National Grid has 29,292 employees.

What sector is National Grid in?

National Grid is an energy services and equipment company.

When was National Grid founded?

National Grid was founded in 1990.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity4
    • M&A Sell Activity7
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 7

National Grid

National Grid plc

1-3 Strand,
London, WC2N 5EH
United Kingdom,
+44 20 7004 3000
www.nationalgrid.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - 1 - - - 4
vol $16.3B $12.0B $28.3B
Sell (0.6/yr) # 4 - 2 1 - - 7
vol $4.9B $3.8B $14.8B $23.5B
  11

Most Recent M&A

Company Date Value Type
National Grid - Gas Transmission & Metering Business 2022-03-27 14.8B GBP Divestiture
London, United Kingdom
National Grid - Rhode Island Utility 2021-06-22 - Divestiture
London, United Kingdom
Western Power Distribution Plc 2021-03-18 12.0B GBP Divestiture
Bristol, United Kingdom · www.westernpower.co.uk
The Narragansett Electric Co. 2021-03-18 3.8B USD Divestiture
Providence, Rhode Island · www.rienergy.com
Granite State Electric Co. 2012-07-03 - Divestiture
Salem, New Hampshire
KeySpan-Ravenswood, Inc. 2008-03-31 2.8B USD Divestiture
, United States
KeySpan Corp. 2007-08-24 7.3B USD Add-on Acquisition
Brooklyn, New York
Lightower Fiber Networks LLC 2007-05-17 - Divestiture
Boxborough, Massachusetts · www.lightower.com
ClearShot Communications LLC 2006-10-02 133M USD Add-on Acquisition
Malvern, Pennsylvania · www.clearshotcom.com
North England Gas Distribution Network 2004-08-31 2.1B GBP Stake Sale
, United Kingdom
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
National Grid USA    - National Grid USA - Ocean State Power (OSP) Plant 2000-06-29 1
Waltham, Massachusetts · www1.nationalgridus.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 2 (50%) 20.9B (74%) 3 (43%) 3.8B (16%)
Energy Services and Equipment - - 2 (29%) 17.6B (75%)
Oil/Gas Exploration 1 (25%) 7.3B (26%) - -
Technology Hardware 1 (25%) 133M (< 1%) - -
Communications - - 1 (14%) -
Distribution - - 1 (14%) 2.1B (9%)
Total 4 $28.3B 7 $23.5B

By Geo

State/Country Buy Value Sell Value
United States 3 16.3B 4 6.6B
  New York 2 16.2B - -
  Pennsylvania 1 133M - -
  Rhode Island - - 1 3.8B
  New Hampshire - - 1 -
  Massachusetts - - 1 -
United Kingdom 1 12.0B 3 16.9B
Domestic 1 (25%) 12.0B (42%) 3 (43%) 16.9B (72%)
Cross-border 3 (75%) 16.3B (58%) 4 (57%) 6.6B (28%)
Total 4 $28.3B 7 $23.5B

Deal Values

buy # Total
> $1B 3 $28.2B
$100M to $1B 1 $133M
TOTAL $28.3B
Largest Western Power Distribution Plc
$12.0B (2021-03-18)
sell # Total
> $1B 4 $23.5B
TOTAL $23.5B
Largest National Grid - Gas Transmission & Metering Business
$14.8B (2022-03-27)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Investor(s)
14%
1 (14%)
Strategic(s)
71%
5 (71%)

 Subscribe to unlock this and 201,598
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.