M&A Deal Summary

Dominion Energy Acquires Questar

On February 1, 2016, Dominion Energy acquired utilities company Questar for 4.4B USD

Acquisition Highlights
  • This is Dominion Energy’s 6th transaction in the Utilities sector.
  • This is Dominion Energy’s largest (disclosed) transaction.
  • This is Dominion Energy’s 22nd transaction in the United States.
  • This is Dominion Energy’s 1st transaction in Utah.

M&A Deal Summary
Date 2016-02-01
Target Questar
Sector Utilities
Buyer(s) Dominion Energy
Deal Type Add-on Acquisition
Deal Value 4.4B USD
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

Questar

Salt Lake City, Utah, United States
Questar Corporation is an integrated natural gas company that develops, produces and delivers clean energy in the heart of the Rockies.

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Buyer(S) 1

Buyer

Dominion Energy

Richmond, Virginia, United States
Category Company
Founded 1983
Sector Utilities
Employees17,700
Revenue 14.4B USD (2023)
DESCRIPTION
Dominion's corporate headquarters in downtown Richmond, Virginia.
Dominion's corporate headquarters in downtown Richmond, Virginia.

Dominion Energy is a producer and transporter of energy, with a portfolio of approximately 25,700 megawatts of electric generation, 15,000 miles of natural gas transmission, gathering, storage, and distribution pipeline, and 6,600 miles of electric transmission and distribution lines. Dominion Energy was founded in 1983 and is based in Richmond, Virginia.

DEAL STATS #
Overall 22 of 27
Sector (Utilities) 6 of 7
Type (Add-on Acquisition) 4 of 4
State (Utah) 1 of 1
Country (United States) 22 of 27
Year (2016) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Community Energy - 80-Megawatt Solar Facility

Virginia, United States

Community Energy's 80-Megawatt Solar Facility is a provider of renewable energy services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Questar Pipeline

Salt Lake City, Utah, United States

Questar Pipeline LLC is a provider of natural gas transportation and underground-storage services in Utah, Wyoming, and Colorado. The company operates 2,667 miles of natural gas transportation pipelines that interconnect with other pipelines, including 10 miles of owned by a third party.

Sell $1.7B
Mergr

Product

Company

Legal