M&A Deal Summary

Chesapeake Acquires Marlin CNG Services

On December 19, 2018, Chesapeake acquired energy services and equipment company Marlin CNG Services

Acquisition Highlights
  • This is Chesapeake’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Chesapeake’s 4th transaction in the United States.
  • This is Chesapeake’s 1st transaction in Florida.

M&A Deal Summary
Date 2018-12-19
Target Marlin CNG Services
Sector Energy Services and Equipment
Buyer(s) Chesapeake
Deal Type Add-on Acquisition

Target

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.

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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 4 of 6
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Florida) 1 of 2
Country (United States) 4 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-30 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.

Buy $59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 Elkton Gas

Elkton, Maryland, United States

Elkton Gas Co. delivers safe, reliable and affordable natural gas to approximately 7,000 residential and commercial customers within a franchised area of Cecil County, Maryland. Elkton Gas was incorporated in 1863 and is based in Elkton, Maryland.

Buy -
Mergr

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