M&A Deal Summary

Adelphia Gateway Acquires Interstate Energy Co.

On November 2, 2017, Adelphia Gateway acquired utilities company Interstate Energy Co. from Talen Energy

Acquisition Highlights
  • This is Adelphia Gateway’s 1st transaction in the Utilities sector.
  • This is Adelphia Gateway’s 1st transaction in the United States.
  • This is Adelphia Gateway’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-11-02
Target Interstate Energy Co.
Sector Utilities
Buyer(s) Adelphia Gateway
Sellers(s) Talen Energy
Deal Type Divestiture

Target

Interstate Energy Co.

Pottstown, Pennsylvania, United States
Interstate Energy Co. LLC owns and operates an existing 84-mile pipeline in southeastern Pennsylvania. Interstate Energy Co. is based in Pottstown, Pennsylvania.

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Buyer(S) 1

Buyer

Adelphia Gateway

United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Adelphia Gateway LLC provides domestic natural gas to southeastern Pennsylvania homes and businesses.


DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Talen Energy

Allentown, Pennsylvania, United States

Category Company
Founded 2000
Sector Utilities
Employees4,981
Revenue 4.5B USD (2015)
DESCRIPTION

Talen Energy is a competitive energy and power generation companies. Talen Energy was founded in 2000 and is based in Allentown, Pennsylvania.


DEAL STATS #
Overall 10 of 11
Sector: Utilities M&A 2 of 2
Type: Divestiture M&A Deals 10 of 11
State: Pennsylvania M&A 4 of 4
Country: United States M&A 10 of 11
Year: 2017 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-15 B-G Mechanical Contractors

Chicopee, Massachusetts, United States

B-G Mechanical Contractors, Inc. is a designer, installation, and maintenance of energy efficient air conditioning, plumbing, and heating systems for commercial, industrial, and institutional clients throughout New England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Talen Energy - Natural Gas Plants in Corpus Christi and Laredo

Corpus Christi, Texas, United States

Talen Energy's Natural Gas Plants in Corpus Christi and Laredo is a 1,710-megawatt ("MW") generation portfolio located in the South Zone of the Electric Reliability Council of Texas ("ERCOT") market.

Sell $785M