Add-on Acquisition • Utilities

AEP Acquires Indiana Michigan Power Co.

On January 1, 1922, AEP acquired utilities company Indiana Michigan Power Co.

Acquisition Context
  • This is AEP’s 1st transaction in the Utilities sector.
  • This is AEP’s 1st transaction in the United States.
  • This is AEP’s 1st transaction in Ohio.

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M&A Deal Summary

Date January 1, 1922
Target Indiana Michigan Power Co.
Sector Utilities
Buyer(s) AEP
Deal Type Add-on Acquisition

Target Company

Indiana Michigan Power Co.

Columbus, Ohio, United States
Indiana Michigan Power Co. engages in the electric power supply operations to retail and other customers in Northern and Eastern Indiana and Southwestern Michigan.
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Buyer Overview 1

Buyer

AEP

Columbus, Ohio, United States

Category Company
Founded 1906
Sector Utilities
Employees16,330
Revenue 19.7B USD (2024)
DESCRIPTION

AEP is a utility holding company. AEP owns nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP was founded in 1906 and is based in Columbus, Ohio.


Deal Context for Buyer #
Overall 1 of 5
Sector: Utilities 1 of 3
Type: Add-on Acquisition 1 of 3
State: Ohio 1 of 3
Country: United States 1 of 5
Year: 1922 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1925-01-01 Appalachian Power Co.

Columbus,, Ohio, United States

Appalachian Power Co. engages in the electric power distribution, company owns 7,885 megawatts of generating capacity; and serves approximately 960,000 retail customers.

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