M&A Deal Summary

CenterPoint Energy Acquires Atmos Energy Marketing

On October 31, 2016, CenterPoint Energy acquired marketing company Atmos Energy Marketing from Atmos Energy for 40M USD

Acquisition Highlights
  • This is CenterPoint Energy’s 1st transaction in the Marketing sector.
  • This is CenterPoint Energy’s 2nd largest (disclosed) transaction.
  • This is CenterPoint Energy’s 8th transaction in the United States.
  • This is CenterPoint Energy’s 2nd transaction in Texas.

M&A Deal Summary
Date 2016-10-31
Target Atmos Energy Marketing
Sector Marketing
Buyer(s) CenterPoint Energy
Sellers(s) Atmos Energy
Deal Type Divestiture
Deal Value 40M USD

Target

Atmos Energy Marketing

Houston, Texas, United States
Atmos Energy Marketing LLC is a full-service natural gas marketing company that provides natural gas supply and asset management services to utilities, local distribution companies, and industrial and commercial facilities as well as municipals, power plants and natural gas producers.

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Buyer(S) 1

Buyer

CenterPoint Energy

Houston, Texas, United States
Category Company
Founded 1866
Sector Utilities
Employees8,827
Revenue 8.7B USD (2023)
DESCRIPTION
CenterPoint Energy's corporate headquarters in downtown Houston, Texas.
CenterPoint Energy's corporate headquarters in downtown Houston, Texas.

CenterPoint Energy is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, and energy services operations. CenterPoint Energy owns and operates natural gas distribution systems. CenterPoint also offers variable and fixed-price physical natural gas supplies primarily to commercial and industrial customers and gas utilities. CenterPoint Energy was founded in 1866 and is based in Houston, Texas.

DEAL STATS #
Overall 8 of 9
Sector (Marketing) 1 of 1
Type (Divestiture) 6 of 6
State (Texas) 2 of 2
Country (United States) 8 of 9
Year (2016) 4 of 4
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Continuum Retail Energy Services

Tulsa, Oklahoma, United States

Continuum Retail Energy Services LLC is a provider of retail energy services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Vectren

Evansville, Indiana, United States

Vectren Corp., is an energy holding company. Vectren's wholly owned subsidiary, Vectren Utility Holdings, Inc., serves as the intermediate holding company for three operating utilities: Vectren Energy Delivery of Indiana - North (Vectren North), Vectren Energy Delivery of Indiana - South (Vectren South) and Vectren Energy Delivery of Ohio (VEDO).

Buy -

Seller(S) 1

SELLER

Atmos Energy

Dallas, Texas, United States
Category Company
Founded 1906
Sector Energy Services and Equipment
Employees5,019
Revenue 4.3B USD (2023)
DESCRIPTION
Atmos Energy's corporate headquarters in Dallas, Texas.
Atmos Energy's corporate headquarters in Dallas, Texas.

Atmos Energy is a natural gas distributor, serving approximately 3 million customers in more than 1,400 communities across the US. Atmos Energy was incorporated in 1906 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Marketing) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Natural gas distribution operations

Georgia, United States

Natural gas distribution operations engages in distribution of natural gas in Georgia.

Sell $141M
Mergr

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