M&A Deal Summary

Consolidated Edison Acquires Juhl Energy - Three Key Assets

On January 30, 2017, Consolidated Edison acquired renewable energy company Juhl Energy - Three Key Assets from Zero6 Energy

Acquisition Highlights
  • This is Consolidated Edison’s 1st transaction in the Renewable Energy sector.
  • This is Consolidated Edison’s 2nd transaction in the United States.
  • This is Consolidated Edison’s 1st transaction in Mississippi.

M&A Deal Summary

Date 2017-01-30
Target Juhl Energy - Three Key Assets
Sector Renewable Energy
Buyer(s) Consolidated Edison
Sellers(s) Zero6 Energy
Deal Type Divestiture

Target

Juhl Energy - Three Key Assets

Mississippi, United States
Juhl Energy, Inc.'s consists of wind projects that have a total capacity of approximately 36 megawatts, operating and maintenance ("O&M") services business and pipeline of wind projects, primarily larger projects, consisting of approximately 500 MW. Juhl Energy, Inc. - Three Key Assets are based in Chanhassen, Mississippi.

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Buyer(S) 1

Buyer

Consolidated Edison

New York, New York, United States

Category Company
Founded 1823
Sector Utilities
Employees14,592
Revenue 15.3B USD (2024)
DESCRIPTION

Consolidated Edison is a provider of electricity, natural gas, and steam to customers in New York City and Westchester County. Con Edison of New York provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers. The company also provides steam service in parts of Manhattan. Consolidated Edison was incorporated in 1823 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 3
Sector: Renewable Energy M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: Mississippi M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Custom Energy Services

Overland Park, Kansas, United States

Custom Energy Services LLC, of Overland Park, Kansas, an energy services company serving a national portfolio of clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Sempra Energy - U.S. Solar Assets

San Diego, California, United States

Sempra Energy - U.S. Solar Assets includes Mesquite Solar 2 and 3 in Arizona; Copper Mountain Solar 1 and 4 in Nevada; Great Valley Solar in California; and solar and battery storage development projects.

Buy $1.5B

Seller(S) 1

SELLER

Zero6 Energy

Chanhassen, Minnesota, United States

Category Company
Founded 1993
Sector Renewable Energy
Employees56
Revenue 14M USD (2014)
DESCRIPTION

Zero6 Energy provider of competitive, clean wind energy solutions through their professional engineering services group, Power Engineers Collaborative, provides a full range of clean energy solutions with a focus on wind, solar, biomass, and combined heat power systems. Zero6 Energy was founded in 1993 and is based in Chanhassen, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Mississippi M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-03 Power Engineers Collaborative

Chicago, Illinois, United States

Power Engineers Collaborative LLC focus began in the power industry providing engineering solutions to utilities and independent power producers for the expansion, modernization, consolidation and creation of new, cleaner, power generation assets.

Buy -