M&A Deal Summary

BP Acquires EDF Energy

On September 12, 2022, BP acquired utilities company EDF Energy

Acquisition Highlights
  • This is BP’s 1st transaction in the Utilities sector.
  • This is BP’s 5th transaction in the United States.
  • This is BP’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-09-12
Target EDF Energy
Sector Utilities
Buyer(s) BP
Deal Type Add-on Acquisition

Target

EDF Energy

Houston, Texas, United States
EDF Energy is a provider of power, natural gas, and related services to C&I customers across the US. EDF Energy's customers are primarily large corporations and public entities, including retailers, universities, manufacturers and producers, municipalities, and power generators. It does not supply residential consumers. EDF Energy is based in Houston, Texas.

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Buyer(S) 1

Buyer

BP

London, United Kingdom
Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees87,800
Revenue 210.1B USD (2023)
DESCRIPTION
BP fuel station in Duluth, Minnesota.
BP fuel station in Duluth, Minnesota.

BP is an integrated oil and gas company with operations in Europe, the US, Canada, Russia, South America, Australasia, Asia and parts of Africa. BP provides customers with fuel for transportation, energy for heat and light, lubricants, and petrochemicals products used to make items as diverse as paints, clothes and packaging. BP was founded in 1908 and is based in London, England.

DEAL STATS #
Overall 8 of 9
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Texas) 1 of 1
Country (United States) 5 of 6
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 BP - Global Aromatics and Acetyls Business

Switzerland

BP plc - Global Aromatics and Acetyls Business comprise 15 sites across the world (5 in the Americas, 2 in Europe, and 8 in Asia) as well as 10 leading joint ventures. Aromatics provides the building blocks for the global polyester industry, the key to fibers, films, and packaging. Acetyls support a wide range of downstream industries in food flavoring and preservation, pharmaceuticals, paints, adhesives, and packaging.

Sell $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 Archaea Energy

Canonsburg, Pennsylvania, United States

Archaea Energy is a developer of renewable natural gas for high-carbon emission processes and industries by capturing recurring emissions from food waste, wastewater, agricultural waste, and landfill gas. Archaea builds, operates, and manages RNG projects during the entire energy life cycle and offers off-take partners the opportunity to purchase RNG from Archaea’s portfolio of projects under long-term agreements. The company's experienced team of landfill owners, engineers and RNG experts empower organizations to reach their sustainability goals by turning carbon into a long-term renewable energy asset that is a predictable source of revenue. It delivers pipeline-quality RNG from coast to coast using the existing natural gas infrastructure. Archaea Energy was formed in 2018 and is based in Canonsburg, Pennsylvania.

Buy $4.1B
Mergr

Product

Company

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