Progress Energy Mergers and Acquisitions Summary

Energy Services And Equipment Company

Progress Energy has acquired 1 company. It has also divested 1 asset.

Progress Energy’s largest acquisition to date was in 1999, when it acquired Florida Progress for $5.3B. It’s largest disclosed sale occurred in 2006, when it sold Progress Telecom to Level 3 Communications for $137M. Progress Energy has acquired in 1 US state. The Company’s most targeted sectors include utilities (100%).

Join Mergr and gain access to Progress Energy’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Progress Energy, Inc.

410 South Wilmington Street,
Raleigh, North Carolina 27601
United States,
(704)382-3853
www.progress-energy.com

Progress Energy is a Fortune 250 diversified energy company with more than 24,000 megawatts of generation capacity and $9 billion in annual revenues. Energy also includes non-regulated operations covering merchant generation, energy marketing, natural gas exploration, fuel extraction, rail services and broadband capacity.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 1 - - - - - 1
vol $5.3B $5.3B
Sell (0.0/yr) # 1 - - - - - 1
vol $137M $137M
  2

Most Recent M&A

Company Date Value Type
Progress Telecom LLC 2006-01-26 137M USD Divestiture
St. Petersburg, Florida
Florida Progress Corporation 1999-08-23 5.3B USD Add-on Acquisition
Raleigh, North Carolina
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 1 (100%) 5.3B (100%) - -
Communications - - 1 (100%) 137M (100%)
Total 1 $5.3B 1 $137M

By Geo

State/Country Buy Value Sell Value
United States 1 5.3B 1 137M
  North Carolina 1 5.3B - -
  Florida - - 1 137M
Total 1 $5.3B 1 $137M

Deal Values

buy # Total
> $1B 1 $5.3B
TOTAL $5.3B
Largest Florida Progress Corporation
$5.3B (1999-08-23)
sell # Total
$100M to $1B 1 $137M
TOTAL $137M
Largest Progress Telecom LLC
$137M (2006-01-26)

M&A Connections

Deals %
Divested to
Strategic(s)
100%
1 100%

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