M&A Deal Summary

Black Hills Acquires Wyodak Resources Development

On January 1, 1956, Black Hills acquired utilities company Wyodak Resources Development from Homestake Mining Co.

Acquisition Highlights
  • This is Black Hills’ 1st transaction in the Utilities sector.
  • This is Black Hills’ 1st transaction in the United States.
  • This is Black Hills’ 1st transaction in Wyoming.

M&A Deal Summary

Date 1956-01-01
Target Wyodak Resources Development
Sector Utilities
Buyer(s) Black Hills
Sellers(s) Homestake Mining Co.
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Black Hills

Rapid City, South Dakota, United States

Category Company
Founded 1941
Sector Utilities
Employees2,841
Revenue 2.1B USD (2024)
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 1 of 7
Sector: Utilities M&A 1 of 4
Type: Divestiture M&A Deals 1 of 5
State: Wyoming M&A 1 of 3
Country: United States M&A 1 of 7
Year: 1956 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-21 Cheyenne Light Fuel & Power Co.

Cheyenne, Wyoming, United States

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

Buy $68M

Seller(S) 1

SELLER

Homestake Mining Co.

Walnut Creek, California, United States

Category Company
Founded 1983
Sector Metals/Mining
Employees1,173
DESCRIPTION

Homestake Mining Co. a mining company.


DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Wyoming M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1956 M&A 1 of 1