AES Mergers and Acquisitions Summary

UtilitiesCompany

AES has acquired 12 companies, including 2 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 12 assets.

AES’s largest acquisition to date was in 2011, when it acquired DPL for $4.7B. It’s largest disclosed sale occurred in 2002, when it sold CILCORP to Ameren for $540M. AES has acquired in 9 different US states, and 3 countries. The Company’s most targeted sectors include renewable energy (37%) and electrical equipment (19%).

Join Mergr and gain access to AES’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the utilities sector.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity11
    • M&A Sell Activity12
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 18
  • M&A Advisors 3

AES

The AES Corporation

4300 Wilson Boulevard, 11th Floor,
Arlington, Virginia 22203
United States,
(703) 522-1315
www.aes.com

AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. The AES was founded in 1981 and is based in Arlington, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 10 - - - 1 - 11
vol $10.2B $10.2B
Sell (0.4/yr) # 10 1 - 1 - - 12
vol $702M $702M
  23

Most Recent M&A

Company Date Value Type
Valcour Wind Energy LLC 2021-12-07 - Add-on Acquisition
Albany, New York
Sustainable Power Group LLC 2020-11-17 - Merger
Salt Lake City, Utah · www.spower.com
AES Corp - Shady Point 2018-12-20 - Divestiture
Poteau, Oklahoma
Sustainable Power Group LLC 2017-02-24 1.6B USD Add-on Acquisition
Salt Lake City, Utah · www.spower.com
AES Armenia Mountain Wind LLC 2015-07-02 108M USD Divestiture
Mainesburg,, Pennsylvania
Main Street Power Company, Inc. 2015-03-13 - Add-on Acquisition
Boulder, Colorado · www.mainstreetpower.com
AES Saurashtra Windfarms Pvt. Ltd. 2014-03-04 - Divestiture
Gurgaon, India
AES - Wind Farms 2014-01-31 27M USD Divestiture
, United States
AES Corp Wind Farms In Minnesota, Iowa And Oregon 2014-01-31 27M USD Divestiture
, United States
AES Ironwood LLC 2012-02-23 - Divestiture
Lebanon, Pennsylvania
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
AES Gener S.A.    - Compañía Transmisora del Norte Grande S.A. 2018-12-20 1
Santiago, Chile · www.aesgener.cl , Chile
DPL, Inc. 2011-11-28 DPL Energy Resources, Inc. 2016-01-06 1
Dayton, Ohio · www.dplinc.com Dayton, Ohio · www.dplenergy.com
Sustainable Power Group LLC    - FLS Energy - 63.1MWdc Solar Assets 2015-03-11 1
Salt Lake City, Utah · www.spower.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 4 (36%) 1.6B (15%) 7 (58%) 135M (19%)
Utilities 2 (18%) 6.9B (67%) 4 (33%) 27M (4%)
Electrical Equipment 2 (18%) 1.8B (17%) 1 (8%) 540M (77%)
Energy Services and Equipment 2 (18%) - - -
Environmental 1 (9%) - - -
Total 11 $10.2B 12 $702M

By Geo

State/Country Buy Value Sell Value
United States 9 10.2B 8 702M
  Pennsylvania - - 3 108M
  Utah 1 1.6B 1 -
  Illinois 1 885M 1 540M
  Colorado 1 - - -
  California 1 - - -
  Virginia 1 - - -
  Vermont 1 866M - -
  Ohio 1 4.7B - -
  New York 1 - - -
  Indiana 1 2.2B - -
  Oklahoma - - 1 -
Pakistan - - 2 -
India - - 1 -
Ireland 1 - - -
Oman - - 1 -
United Kingdom 1 - - -
Domestic 9 (82%) 10.2B (100%) 8 (67%) 702M (100%)
Cross-border 2 (18%) - 4 (33%) -
Total 11 $10.2B 12 $702M

Top M&A Advisors

Financial Deals
Lehman Brothers, Inc.
1
Bank of America Merrill Lynch (BofA Securities)
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
2

Deal Values

buy # Total
> $1B 3 $8.4B
$100M to $1B 2 $1.8B
TOTAL $10.2B
Largest DPL, Inc.
$4.7B (2011-11-28)
sell # Total
$100M to $1B 2 $648M
< $100M 2 $54M
TOTAL $702M
Largest CILCORP, Inc.
$540M (2002-04-29)

M&A Connections

Deals
Acquired from
Investor(s)
36%
4 (36%)
Divested to
Strategic(s)
100%
12 (100%)

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