M&A Deal Summary

Dominion Midstream Partners Acquires Dominion Carolina Gas Transmission

On April 1, 2015, Dominion Midstream Partners acquired energy services and equipment company Dominion Carolina Gas Transmission from Dominion Energy for 495M USD

Acquisition Highlights
  • This is Dominion Midstream Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Dominion Midstream Partners’ 2nd largest (disclosed) transaction.
  • This is Dominion Midstream Partners’ 1st transaction in the United States.
  • This is Dominion Midstream Partners’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2015-04-01
Target Dominion Carolina Gas Transmission
Sector Energy Services and Equipment
Buyer(s) Dominion Midstream Partners
Sellers(s) Dominion Energy
Deal Type Divestiture
Deal Value 495M USD

Target

Dominion Carolina Gas Transmission

Cayce, South Carolina, United States
Dominion Carolina Gas Transmission LLC is a natural gas transportation company which owns and operates nearly 1,500 miles of FERC-regulated interstate natural gas pipeline in South Carolina and southeastern Georgia.

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Buyer(S) 1

Buyer

Dominion Midstream Partners

Richmond, Virginia, United States
Category Company
Founded 2000
Sector Oil/Gas Exploration
Revenue 480M USD (2017)
DESCRIPTION

Dominion Midstream Partners LP is a pipeline transportation of natural gas company focused on providing oil and gas exploration services. Dominion Midstream Partners was formed in 2000 and is based in Richmond, Virginia.

DEAL STATS #
Overall 1 of 3
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 1 of 3
Year (2015) 1 of 2
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-29 Iroquois Gas Transmission System

Shelton, Connecticut, United States

Iroquois Gas Transmission System LP is a provider of oil and gas exploration services.

Buy -

Seller(S) 1

SELLER

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 7 of 12
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 7 of 12
State (South Carolina) 1 of 1
Country (United States) 7 of 12
Year (2015) 1 of 1
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-29 EDF Renewable Energy - CID Solar Project

California, United States

CID Solar Project comprises a solar project on 200 acres of private land with a 27 megawatt peak (MWp) or 20 MWac ground-mount facility and 3 solar photovoltaic modules with horizontal single-axis trackers.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-15 HelioSage Energy - 20 Megawatt Solar Facility

United States

HelioSage Energy - 20 Megawatt Solar Facility is located in Twiggs County near Jeffersonville, Ga. It has secured a 20-year power purchase agreement (PPA) and interconnection agreements with Georgia Power. An engineering, procurement, construction (EPC) contract has also been signed.

Buy -
Mergr

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