M&A Deal Summary |
|
|---|---|
| Date | 2009-01-30 |
| Target | Natural Gas Operations - PNM Resources |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Continental Energy Systems |
| Sellers(s) | PNM Resources |
| Deal Type | Add-on Acquisition |
| Deal Value | 640M USD |
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| Category | Company |
|---|---|
| Sector | Energy Services and Equipment |
Continental Energy Systems transmits and distributes natural gas to customers in Alaska, Michigan, and New Mexico. The company distributes natural gas to residential, commercial, and industrial customers in service territories in the southern half of the state’s Lower Peninsula and in the central, eastern, and western parts of the state’s Upper Peninsula. It also distributes propane in Michigan’s Upper Peninsula; and natural gas pipeline and storage operations in Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (New Mexico) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2009) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-01 |
SEMCO Energy
Port Huron, Michigan, United States Semco Energy Inc. indirectly holds a regulated gas distribution utility in Alaska through Enstar Natural Gas Co. and an interest in Cook Inlet Natural Gas Storage Alaska LLC, a regulated gas storage utility under construction. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-02-01 |
SEMCO Energy
Port Huron, Michigan, United States Semco Energy Inc. indirectly holds a regulated gas distribution utility in Alaska through Enstar Natural Gas Co. and an interest in Cook Inlet Natural Gas Storage Alaska LLC, a regulated gas storage utility under construction. |
Sell | $1.1B |
| Category | Company |
|---|---|
| Founded | 1882 |
| Sector | Utilities |
| Employees | 1,635 |
| Revenue | 1.9B USD (2023) |
PNM Resources is an energy holding company that serves electricity to more than 730,000 homes and businesses in New Mexico and Texas. PNM Resources was founded in 1882 and is based in Albuquerque, New Mexico.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (New Mexico) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2009) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-18 |
The Twin Oaks Power facility
Texas, United States The Twin Oaks Power facility, a 305-megawatt plant .Twin Oaks is considered to be one of the cleanest coal-fired power plants in Texas. The plant uses fluidized bed combustion technology and limestone injection to reduce nitrogen oxide and sulfur dioxide emissions. |
Buy | $480M |
