M&A Deal Summary

Chesapeake Acquires Gatherco

On January 30, 2015, Chesapeake acquired oil/gas exploration company Gatherco for 59M USD

Acquisition Highlights
  • This is Chesapeake’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Chesapeake’s 2nd largest (disclosed) transaction.
  • This is Chesapeake’s 3rd transaction in the United States.
  • This is Chesapeake’s 1st transaction in Ohio.

M&A Deal Summary
Date 2015-01-30
Target Gatherco
Sector Oil/Gas Exploration
Buyer(s) Chesapeake
Deal Type Add-on Acquisition
Deal Value 59M USD

Target

Gatherco

Orrville, Ohio, United States
Gatherco, Inc. is a midstream company, providing gathering, gas processing, and gas transportation services for producers with wells in the shallow formations of the Appalachian Basin.

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Buyer(S) 1

Buyer

Chesapeake

Dover, Delaware, United States
Category Company
Founded 1859
Sector Utilities
Employees1,281
Revenue 671M USD (2023)
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 3 of 6
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Ohio) 1 of 1
Country (United States) 3 of 6
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-26 Eastern Shore Gas

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 Marlin CNG Services

Trinity, Florida, United States

Marlin CNG Services is a premier North American supplier of mobile compressed natural gas (CNG) utility and pipeline solutions. Marlin has been providing virtual pipeline applications to local gas distribution utilities, municipal gas companies, intrastate and interstate pipeline companies, natural gas producers, manufacturers and large industrial customers throughout North America.

Buy -
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