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  6. Chesapeake Acquires Eastern Shore Gas Co.

M&A Deal Summary

Chesapeake Acquires Eastern Shore Gas Co.

On June 26, 2012, Chesapeake acquired distribution company Eastern Shore Gas Co.

Acquisition Highlights
  • This is Chesapeake’s 1st transaction in the Distribution sector.
  • This is Chesapeake’s 2nd transaction in the United States.
  • This is Chesapeake’s 1st transaction in Delaware.

M&A Deal Summary
Date 2012-06-26
Target Eastern Shore Gas Co.
Sector Distribution
Buyer(s) Chesapeake
Deal Type Add-on Acquisition

Target

Eastern Shore Gas Co.

Dover, Delaware, United States
Eastern Shore Gas Co. is a provider of propane distribution service to approximately 11,000 residential and commercial customers in Worcester County, Maryland, primarily in Ocean City, West Ocean City, Ocean Pines, Berlin, Pocomoke and Snow Hill.

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Buyer(S) 1

Buyer

Chesapeake

Dover, Delaware, United States
Category Company
Founded 1859
Sector Utilities
Employees1,200
Revenue 787M USD (2024)
DESCRIPTION

Chesapeake is a diversified energy company focused on delivering outstanding service and attaining sustainable growth that generates long-term value for our employees, customers, investors, and other stakeholders. Chesapeake was incorporated in 1859 and is based in Dover, Delaware.

DEAL STATS #
Overall 2 of 6
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 4
State: Delaware M&A 1 of 1
Country: United States M&A 2 of 6
Year: 2012 M&A 1 of 1
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