SSE - M&A Summary and Business Overview

Energy Services And EquipmentCompany

SSE M&A Summary

SSE has acquired 6 companies. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

SSE’s largest acquisition to date was in 2008, when it acquired SSE Airtricity Energy Supply for $1.2B. It’s largest disclosed sale occurred in 2019, when it sold SSE - SSE Energy Services Business to OVO Energy for $770M. SSE has acquired in 2 countries. The Company’s most targeted sectors include energy services and equipment (40%) and business services (20%).

SSE Business Overview

Where is SSE headquartered?

SSE is headquartered in Perth, United Kingdom.

What is SSE’s revenue?

SSE disclosed revenue of 8,608M GBP for 2022 and 6,826M GBP for 2021.

How many employees does SSE have?

SSE has 10,152 employees.

What sector is SSE in?

SSE is an energy services and equipment company.

When was SSE founded?

SSE was founded in 1989.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity5
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 2

SSE

SSE plc

Inveralmond House, 200 Dunkeld Road,
Perth, PH1 3AQ
United Kingdom,
+44 17 3845 6000
www.sse.com

SSE is an energy company, and the broadest-based energy company in the UK and Ireland. It operates across the energy value chain in the GB energy market, and generates and supplies energy to electricity and gas customers in Northern Ireland and the Republic of Ireland. SSE was founded in 1989 and is based in Perth, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $2.3B $2.3B
Sell (0.2/yr) # 1 - 1 - - - 2
vol $770M $42M $812M
  7

Most Recent M&A

Company Date Value Type
SSE Contracting Ltd. 2021-04-01 42M GBP Divestiture
Aberdeenshire, United Kingdom · www.ssecontracting.co.uk
SSE plc - SSE Energy Services Business 2019-09-13 770M GBP Divestiture
Perth, United Kingdom
The Energy Solutions Group Ltd. 2014-07-31 102M GBP Add-on Acquisition
Altrincham, United Kingdom · www.theenergysolutionsgroup.co.uk
Endesa Ireland Ltd. 2012-06-15 550M EUR Divestiture
Dublin, Ireland
Hess Corp - UK Gas Assets 2010-04-01 423M USD Divestiture
, United Kingdom
Seabank Power Ltd. 2010-01-04 - Stake Purchase
Bristol,, United Kingdom
SSE Airtricity Energy Supply (Northern Ireland) Ltd. 2008-01-04 1.2B EUR Add-on Acquisition
Belfast, United Kingdom
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
SSE Renewables Holdings (UK) Ltd.    - Seagreen Wind Energy Ltd. 2018-09-25 2
Belfast, United Kingdom Reading, United Kingdom · www.seagreenwindenergy.com
SSE Enterprise Telecoms Ltd.    - Hampshire Data Centre - SSE Enterprise 2014-10-01 1
Reading,, United Kingdom · www.ssetelecoms.com , United Kingdom
SSE Airtricity Energy Supply (Northern Ireland) Ltd. 2008-01-04 Phoenix Supply Ltd. 2012-05-16 2
Belfast, United Kingdom Belfast, United Kingdom · www.phoenixsupplyni.com
SSE Airtricity Energy Supply (Northern Ireland) Ltd. 2008-01-04 Phoenix Energy Ltd. 2012-05-16 1
Belfast, United Kingdom , United Kingdom

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (40%) 1.8B (77%) - -
Utilities 1 (20%) - 1 (50%) 770M (95%)
Business Services 1 (20%) 102M (4%) - -
Oil/Gas Exploration 1 (20%) 423M (18%) - -
Construction - - 1 (50%) 42M (5%)
Total 5 $2.3B 2 $812M

By Geo

State/Country Buy Value Sell Value
United Kingdom 4 1.7B 2 812M
Ireland 1 550M - -
Domestic 4 (80%) 1.7B (76%) 2 (100%) 812M (100%)
Cross-border 1 (20%) 550M (24%) - -
Total 5 $2.3B 2 $812M

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Credit Suisse Investment Banking
1

Deal Values

buy # Total
> $1B 1 $1.2B
$100M to $1B 3 $1.1B
TOTAL $2.3B
Largest SSE Airtricity Energy Supply (Northern Ireland) Ltd.
$1.2B (2008-01-04)
sell # Total
$100M to $1B 1 $770M
< $100M 1 $42M
TOTAL $812M
Largest SSE plc - SSE Energy Services Business
$770M (2019-09-13)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
40%
2 (40%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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