M&A Deal Summary

CenterPoint Energy Acquires Lakeshore Energy Services

On April 1, 2016, CenterPoint Energy acquired energy services and equipment company Lakeshore Energy Services from Continuum Energy Services

Acquisition Highlights
  • This is CenterPoint Energy’s 4th transaction in the Energy Services and Equipment sector.
  • This is CenterPoint Energy’s 7th transaction in the United States.
  • This is CenterPoint Energy’s 1st transaction in Michigan.

M&A Deal Summary

Date 2016-04-01
Target Lakeshore Energy Services
Sector Energy Services and Equipment
Buyer(s) CenterPoint Energy
Sellers(s) Continuum Energy Services
Deal Type Divestiture

Target

Lakeshore Energy Services

Clinton Township, Michigan, United States
Lakeshore Energy Services LLC is a provider of natural gas and related energy services.

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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 7 of 9
Sector (Energy Services and Equipment) 4 of 4
Type (Divestiture) 5 of 6
State (Michigan) 1 of 1
Country (United States) 7 of 9
Year (2016) 3 of 4
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
2016-10-31 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.

Buy $40M

Seller(S) 1

SELLER

Continuum Energy Services

Houston, Texas, United States

Category Company
Founded 1998
Sector Energy Services and Equipment
DESCRIPTION

Continuum Energy Services LLC is a diversified natural gas service provider with operations spanning the natural gas value chain throughout the Mid-continent and into Appalachia.


DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 3 of 3
Type (Divestiture) 3 of 3
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2016) 3 of 3
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.

Sell -