M&A Deal Summary

Black Hills Acquires Energy West Wyoming

On July 1, 2015, Black Hills acquired energy services and equipment company Energy West Wyoming from Energy West Montana for 17M USD

Acquisition Highlights
  • This is Black Hills’ 1st transaction in the Energy Services and Equipment sector.
  • This is Black Hills’ 5th largest (disclosed) transaction.
  • This is Black Hills’ 6th transaction in the United States.
  • This is Black Hills’ 3rd transaction in Wyoming.

M&A Deal Summary
Date 2015-07-01
Target Energy West Wyoming
Sector Energy Services and Equipment
Buyer(s) Black Hills
Sellers(s) Energy West Montana
Deal Type Divestiture
Deal Value 17M USD

Target

Energy West Wyoming

Cody, Wyoming, United States
Energy West Wyoming, Inc. is a provider of natural gas services.

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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 6 of 7
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 5 of 5
State (Wyoming) 3 of 3
Country (United States) 6 of 7
Year (2015) 1 of 2
Size (of disclosed) 5 of 6
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-12 SourceGas

Golden, Colorado, United States

SourceGas LLC, owns and operates regulated local gas distribution companies (LDCs) with operations in Arkansas, Colorado, Nebraska and Wyoming serving over 1.1 million residential, commercial, industrial and agricultural customers. SourceGas also owns a regulated intrastate gas pipeline company in Colorado.

Buy $1.9B

Seller(S) 1

SELLER

Energy West Montana

Great Falls, Montana, United States
Category Company
Founded 1909
Sector Utilities
Employees182
Revenue 98M USD (2016)
DESCRIPTION

Energy West Montana distributes and sells natural gas to residential, commercial, and industrial customers. The Company's other operations include intrastate pipeline, natural gas production and natural gas marketing. Energy West Montana was founded in 1909 and is based in Great Falls, Montana.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Wyoming) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
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