M&A Deal Summary

Black Hills Acquires Cheyenne Light Fuel & Power

On January 21, 2005, Black Hills acquired utilities company Cheyenne Light Fuel & Power for 68M USD

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

M&A Deal Summary
Date 2005-01-21
Target Cheyenne Light Fuel & Power
Sector Utilities
Buyer(s) Black Hills
Deal Type Add-on Acquisition
Deal Value 68M USD

Target

Cheyenne Light Fuel & Power

Cheyenne, Wyoming, United States
Cheyenne Light, Fuel & Power Co. a supplier of gas and electricity.

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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 2 of 7
Sector (Utilities) 2 of 4
Type (Add-on Acquisition) 1 of 2
State (Wyoming) 2 of 3
Country (United States) 2 of 7
Year (2005) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1956-01-01 Wyodak Resources Development

Gillette, Wyoming, United States

Wyodak Resources Development Corp. is an operating surface coal mine in the United States and the oldest coal mine in the Powder River Basin.

Buy -
FOLLOWING 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
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