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  6. AES Acquires IPALCO Enterprises

M&A Deal Summary

AES Acquires IPALCO Enterprises

On July 17, 2000, AES acquired utilities company IPALCO Enterprises for 2.2B USD

Acquisition Highlights
  • This is AES’s 1st transaction in the Utilities sector.
  • This is AES’s 2nd largest (disclosed) transaction.
  • This is AES’s 2nd transaction in the United States.
  • This is AES’s 1st transaction in Indiana.

M&A Deal Summary
Date 2000-07-17
Target IPALCO Enterprises
Sector Utilities
Buyer(s) AES
Deal Type Add-on Acquisition
Deal Value 2.2B USD

Target

IPALCO Enterprises

Indianapolis, Indiana, United States
IPL provides retail electric service to more than 470,000 residential, commercial and industrial customers in Indianapolis and other central Indiana communities.

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Buyer(S) 1

Buyer

AES

Arlington, Virginia, United States
Category Company
Founded 1981
Sector Utilities
Employees9,600
Revenue 12.3B USD (2024)
DESCRIPTION

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 was founded in 1981 and is based in Arlington, Virginia.

DEAL STATS #
Overall 2 of 13
Sector: Utilities M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 12
State: Indiana M&A 1 of 1
Country: United States M&A 2 of 11
Year: 2000 M&A 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-23 CILCORP

Peoria, Illinois, United States

CILCORP, Inc.,is an energy services company, CILCO, is an 85 year-old gas and electric utility serving approximately a quarter of a million retail customers in Central Illinois.

Buy $885M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-29 CILCORP

Peoria, Illinois, United States

CILCORP, Inc.,is an energy services company, CILCO, is an 85 year-old gas and electric utility serving approximately a quarter of a million retail customers in Central Illinois.

Sell $540M
Mergr

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