TECO Energy - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

TECO Energy M&A Summary

TECO Energy has acquired 2 companies of its own. It has also divested 1 asset.

TECO Energy’s largest acquisition to date was in 2014, when it acquired New Mexico Gas for $950M. It’s largest disclosed sale occurred in 2005, when it sold Commonwealth Chesapeake Co to Tenaska Capital Management for $89M. TECO Energy has acquired in 2 different US states. The Company’s most targeted sectors include energy services and equipment (50%) and utilities (50%).

TECO Energy Ownership

Who owns TECO Energy?

TECO Energy is owned by Emera. It was acquired on September 4, 2015.

TECO Energy Business Overview

Where is TECO Energy headquartered?

TECO Energy is headquartered in Tampa, Florida.

How many employees does TECO Energy have?

TECO Energy has 4,400 employees.

What sector is TECO Energy in?

TECO Energy is an energy services and equipment company.

When was TECO Energy founded?

TECO Energy was founded in 1899.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

TECO Energy, Inc.

702 North Franklin Street,
Tampa, Florida 33602
United States,
(813) 228-1111
www.tecoenergy.com

TECO Energy, Inc. is an energy-related holding company with regulated electric and gas utilities


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $1.3B $1.3B
Sell (0.0/yr) # 1 - - - - - 1
vol $89M $89M
  3

Most Recent M&A

Company Date Value Type
New Mexico Gas Co., Inc. 2014-09-03 950M USD Divestiture
Albuquerque, New Mexico · www.nmgco.com
Commonwealth Chesapeake Co LLC 2005-04-19 89M USD Divestiture
New Church, Virginia
Lykes Energy Inc. 1996-11-23 300M USD Add-on Acquisition
, Florida
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (50%) 300M (24%) 1 (100%) 89M (100%)
Utilities 1 (50%) 950M (76%) - -
Total 2 $1.3B 1 $89M

By Geo

State/Country Buy Value Sell Value
United States 2 1.3B 1 89M
  New Mexico 1 950M - -
  Florida 1 300M - -
  Virginia - - 1 89M
Total 2 $1.3B 1 $89M

Top M&A Advisors

Financial Deals
Morgan Stanley
 1
Legal Deals
Cuddy & McCarthy
 1
Skadden, Arps, Slate, Meagher & Flom
 1

Deal Values

buy # Total
$100M to $1B 2 $1.3B
TOTAL $1.3B
Largest New Mexico Gas Co., Inc.
$950M (2014-09-03)
sell # Total
< $100M 1 $89M
TOTAL $89M
Largest Commonwealth Chesapeake Co LLC
$89M (2005-04-19)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

2,566   2014
(millions of USD)

Employees

4,400

Established

1899

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