Public Service Enterprise Group - M&A Summary and Business Overview

UtilitiesCompany

Public Service Enterprise Group M&A Summary

Public Service Enterprise Group has acquired 6 companies, including 1 in the last 5 years. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2021, when it sold Public Service Enterprise Group - 6 750-Megawatt Fossil Generating Portfolio to ArcLight Capital Partners for $1.9B. Public Service Enterprise Group has acquired in 6 different US states. The Company’s most targeted sectors include renewable energy (100%).

Public Service Enterprise Group Business Overview

Where is Public Service Enterprise Group headquartered?

Public Service Enterprise Group is headquartered in Newark, New Jersey.

What is Public Service Enterprise Group’s revenue?

Public Service Enterprise Group disclosed revenue of 9,800M USD for 2022 and 9,722M USD for 2021.

How many employees does Public Service Enterprise Group have?

Public Service Enterprise Group has 12,788 employees.

What sector is Public Service Enterprise Group in?

Public Service Enterprise Group is an utilities company.

When was Public Service Enterprise Group founded?

Public Service Enterprise Group was founded in 1985.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

Public Service Enterprise Group

Public Service Enterprise Group, Inc.

80 Park Plaza, PO Box 1171, 9th Floor,
Newark, New Jersey 07102
United States,
(973) 430-7000
www.pseg.com

Public Service Enterprise Group is a diversified energy company, provides electric and gas service – serving 2.2 million electric customers and 1.8 million gas customers or nearly three out of every four people in the state. Public Service Enterprise Group was founded in 1985 and is based in Newark, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 1 - - - - 6
Sell (0.2/yr) # - - 1 - - - 1
vol $1.9B $1.9B
  7

Most Recent M&A

Company Date Value Type
Public Service Enterprise Group, Inc. - 6,750-Megawatt Fossil Generating Portfolio 2021-08-12 1.9B USD Divestiture
Newark, New York
Ocean Wind 1 2020-01-01 - Joint Venture
Atlantic City, New Jersey · www.oceanwindone.com
Hanergy America - Columbia Solar Project 2015-08-25 - Divestiture
Pittsburg, California
Genesis Power - 755-MW Keys Energy Center 2015-06-17 - Divestiture
, United States
juwi - 2.9 Megawatt (MWdc) Solar Energy Facility 2014-12-22 - Divestiture
Washington, District of Columbia
juwi - ERWR Whitcomb Farm Solar Project 2014-07-23 - Divestiture
Burlington, Vermont
juwi solar - 13 Megawatt (MWdc) Solar Energy Facility 2014-07-02 - Divestiture
El Paso, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 6 (100%) - - -
Utilities - - 1 (100%) 1.9B (100%)
Total 6 - 1 $1.9B

By Geo

State/Country Buy Value Sell Value
United States 6 - 1 1.9B
  Vermont 1 - - -
  Texas 1 - - -
  New Jersey 1 - - -
  District of Columbia 1 - - -
  California 1 - - -
  New York - - 1 1.9B
Total 6 - 1 $1.9B

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
Wachtell, Lipton, Rosen & Katz
 1

Deal Values

sell # Total
> $1B 1 $1.9B
TOTAL $1.9B
Largest Public Service Enterprise Group, Inc. - 6,750-Megawatt Fossil Generating Portfolio
$1.9B (2021-08-12)

M&A Connections

Deals
Acquired from
Strategic(s)
83%
5 (83%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Utilities

Revenue

9,800   1% 2022
9,722   2% 2021
9,603   5% 2020
10,076   4% 2019
9,696   7% 2018
9,084   1% 2017
9,061   14% 2016
10,415   5% 2015
10,886   10% 2014
9,968   2% 2013
9,781   2012
(millions of USD) Show More Show Less

Employees

12,788

Established

1985

Public

NYSE: PEG

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