M&A Deal Summary

Black Hills Acquires Aquila Networks-WPC.

On February 7, 2007, Black Hills acquired utilities company Aquila Networks-WPC. from Aquila for 940M USD

Acquisition Highlights
  • This is Black Hills’ 3rd transaction in the Utilities sector.
  • This is Black Hills’ 2nd largest (disclosed) transaction.
  • This is Black Hills’ 4th transaction in the United States.
  • This is Black Hills’ 1st transaction in Colorado.

M&A Deal Summary
Date 2007-02-07
Target Aquila Networks-WPC.
Sector Utilities
Buyer(s) Black Hills
Sellers(s) Aquila
Deal Type Divestiture
Deal Value 940M USD

Target

Aquila Networks-WPC.

Pueblo, Colorado, United States
Aquila Networks-WPC, consisting of the 340-megawatt Crossroads power generating facility and residual natural gas contracts.

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Buyer(S) 1

Buyer

Black Hills

Rapid City, South Dakota, United States
Category Company
Founded 1941
Sector Utilities
Employees2,874
Revenue 2.3B USD (2023)
DESCRIPTION

Black Hills is a vertically-integrated energy company with a tradition of improving life with energy and a vision to be the energy partner of choice. The company also generates wholesale electricity and produces natural gas, oil and coal. Black Hills was founded in 1941 and is based in Rapid City, South Dakota.

DEAL STATS #
Overall 4 of 7
Sector (Utilities) 3 of 4
Type (Divestiture) 3 of 5
State (Colorado) 1 of 2
Country (United States) 4 of 7
Year (2007) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-30 Piceance Basin Properties

Houston, Texas, United States

Piceance Basin Properties is a 22.4 billion cubic feet equivalent (Bcfe) of proven reserves, of which 17.9 (Bcfe) are proved undeveloped reserves.

Buy $24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-25 MGTC - Northeastern Wyoming Gas Utility Assets

United States

MGTC Northeastern Wyoming Gas Utility Assets, serves approximately 400 customers, located in Johnson, Campbell, Converse, Crook and Weston counties in northeastern Wyoming. The business includes 271 miles of transmission and 135 miles of distribution pipeline assets, with annual throughput exceeding 2.8 billion cubic feet.

Buy $6M

Seller(S) 1

SELLER

Aquila

Kansas City, Montana, United States
Category Company
Sector Energy Services and Equipment
Employees1,045
DESCRIPTION

Aquila, Inc. is a provider of energy services.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-05 Calpine Corp - Aries Power Plant

Pleasant Hill, Montana, United States

Calpine Corp - Aries Power Plant is a 580-megawatt, natural gas-fired power plant.

Buy -
Mergr

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