M&A Deal Summary

Constellation Energy Group Acquires ConEdison Solutions - Retail Electricity and Natural Gas Business

On July 27, 2016, Constellation Energy Group acquired utilities company ConEdison Solutions - Retail Electricity and Natural Gas Business from ConEdison Solutions

Acquisition Highlights
  • This is Constellation Energy Group’s 2nd transaction in the Utilities sector.
  • This is Constellation Energy Group’s 5th transaction in the United States.
  • This is Constellation Energy Group’s 1st transaction in New York.

M&A Deal Summary
Date 2016-07-27
Target ConEdison Solutions - Retail Electricity and Natural Gas Business
Sector Utilities
Buyer(s) Constellation Energy Group
Sellers(s) ConEdison Solutions
Deal Type Divestiture

Target

ConEdison Solutions - Retail Electricity and Natural Gas Business

Valhalla, New York, United States
ConEdison Solutions - Retail Electricity and Natural Gas Business serving more than 560,000 commercial, industrial, public sector and residential customers across 12 Northeastern, mid-Atlantic, and Midwestern states, Texas, and the District of Columbia.

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Buyer(S) 1

Buyer

Constellation Energy Group

Baltimore, Maryland, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Constellation Energy Group, Inc. is an energy company, develops, owns, operates, and maintains fossil and renewable generating facilities in the United States and Canada.

DEAL STATS #
Overall 5 of 6
Sector (Utilities) 2 of 3
Type (Divestiture) 2 of 3
State (New York) 1 of 2
Country (United States) 5 of 6
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 CPower Energy Management

Baltimore, Maryland, United States

CPower Energy Management is one of the largest demand response and energy management companies in North America. CPower has over 25 years of experience helping business customers implement customized demand-side management programs with core offerings that provide businesses with the ability to manage peak electricity demand, monetize energy assets, enhance grid reliability and meet their sustainability goals. CPower provides services nationwide across the U.S. to a large, blue-chip customer base of over 1,700 commercial & industrial customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 Agera Energy - Retail Assets

Briarcliff Manor, New York, United States

Agera Energy LLC - Retail Assets provides retail electricity and natural gas to commercial, industrial, and residential customers.

Buy -

Seller(S) 1

SELLER

ConEdison Solutions

Valhalla, New York, United States
Category Company
Founded 1993
Sector Utilities
DESCRIPTION

ConEdison Solutions is an energy services company that provides competitive power supply, renewable energy, sustainability services, and cost-effective energy solutions for commercial, industrial, residential, and government customers.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
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