M&A Deal Summary

Avista Acquires Alaska Energy and Resources Company

On November 4, 2013, Avista acquired utilities company Alaska Energy and Resources Company for 170M USD

Acquisition Highlights
  • This is Avista’s 1st transaction in the Utilities sector.
  • This is Avista’s largest (disclosed) transaction.
  • This is Avista’s 1st transaction in the United States.
  • This is Avista’s 1st transaction in Alaska.

M&A Deal Summary
Date 2013-11-04
Target Alaska Energy and Resources Company
Sector Utilities
Buyer(s) Avista
Deal Type Add-on Acquisition
Deal Value 170M USD
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

Alaska Energy and Resources Company

Juneau, Alaska, United States
Alaska Energy and Resources Company is the parent company of Alaska Electric Light and Power Company (AEL&P), the oldest regulated electric utility in Alaska. AEL&P, with 60 fulltime employees, serves approximately 15,900 customers in the city and borough of Juneau.

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Buyer(S) 1

Buyer

Avista

Spokane, Washington, United States
Category Company
Founded 1889
Sector Utilities
Employees1,920
Revenue 1.8B USD (2023)
DESCRIPTION

Avista is an energy company engaged in the generation, transmission and distribution of electricity and the distribution of natural gas, as well as other energy-related businesses. Avista was founded in 1889 and is based in Spokane, Washington.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alaska) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 Avista Energy

Spokane, Washington, United States

Avista Energy, Inc. is a production, transmission and distribution of energy as well as other energy-related businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-29 ENGIE Insight Services

Spokane, Washington, United States

ENGIE Insight Services, Inc. is a total energy and sustainability management company whose sole purpose is to see more, save more and sustain more for our clients. Using insights based on consumption, cost and carbon footprint data spanning thousands of utilities, hundreds of thousands of business sites and millions of households, we provide fully managed, technology-optimized solutions for saving resources, which in turn increase returns, lower risks, and enhance reputations.

Sell $335M
Mergr

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