M&A Deal Summary

Artera Services Acquires Miller Pipeline and Minnesota

On February 3, 2020, Artera Services acquired energy services and equipment company Miller Pipeline and Minnesota from CenterPoint Energy for 850M USD

Acquisition Highlights
  • This is Artera Services’ 5th transaction in the Energy Services and Equipment sector.
  • This is Artera Services’ largest (disclosed) transaction.
  • This is Artera Services’ 8th transaction in the United States.
  • This is Artera Services’ 2nd transaction in Indiana.

M&A Deal Summary
Date 2020-02-03
Target Miller Pipeline and Minnesota
Sector Energy Services and Equipment
Buyer(s) Artera Services
Sellers(s) CenterPoint Energy
Deal Type Divestiture
Deal Value 850M USD

Target

Miller Pipeline and Minnesota

Indianapolis, Indiana, United States
Miller Pipeline and Minnesota Ltd. are one of the nation’s premier natural gas distribution, transmission pipeline, and utility contractors. Miller Pipeline and Minnesota Ltd. provide a range of pipeline contracting and rehabilitation services.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Artera Services

Atlanta, Georgia, United States
Category Company
Founded 2012
Sector Construction
Employees8,500
DESCRIPTION

Artera Services is a provider of integrated infrastructure services to natural gas and electric industries across 34 states. Artera delivers maintenance and construction services to energy utilities, infrastructure companies, municipalities, and cooperatives across America. Artera Services was founded in 2012 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 8 of 12
Sector (Energy Services and Equipment) 5 of 6
Type (Divestiture) 2 of 2
State (Indiana) 2 of 2
Country (United States) 8 of 12
Year (2020) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 Culy Contracting

Winchester, Indiana, United States

Culy Contracting is a full-service, value-added civil construction, excavation, and maintenance specialist for power and gas transmission and distribution projects. Culy Contracting was formed in 1978 and is based in Winchester, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-26 Otis Eastern Service

Wellsville, New York, United States

Otis Eastern Service LLC is a contractor of pipelines for midstream and utility companies throughout the Northeast and Appalachian regions.

Buy -

Seller(S) 1

SELLER

CenterPoint Energy

Houston, Texas, United States
Category Company
Founded 1866
Sector Utilities
Employees8,827
Revenue 8.7B USD (2023)
DESCRIPTION
CenterPoint Energy's corporate headquarters in downtown Houston, Texas.
CenterPoint Energy's corporate headquarters in downtown Houston, Texas.

CenterPoint Energy is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, and energy services operations. CenterPoint Energy owns and operates natural gas distribution systems. CenterPoint also offers variable and fixed-price physical natural gas supplies primarily to commercial and industrial customers and gas utilities. CenterPoint Energy was founded in 1866 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 5
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 2 of 5
State (Indiana) 1 of 1
Country (United States) 2 of 5
Year (2020) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Vectren

Evansville, Indiana, United States

Vectren Corp., is an energy holding company. Vectren's wholly owned subsidiary, Vectren Utility Holdings, Inc., serves as the intermediate holding company for three operating utilities: Vectren Energy Delivery of Indiana - North (Vectren North), Vectren Energy Delivery of Indiana - South (Vectren South) and Vectren Energy Delivery of Ohio (VEDO).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 CenterPoint Energy Services

Houston, Texas, United States

CenterPoint Energy Services, Inc. provides competitive natural gas sales, storage and supply, and other energy-related solutions to approximately 30,000 commercial and industrial customers, utilities and municipalities in more than 30 states.

Sell $400M
Mergr

Product

Company

Legal