Add-on Acquisition • Utilities

DTE Acquires MCN Energy Group

On May 31, 2001, DTE acquired utilities company MCN Energy Group for 4.6B USD

Acquisition Context
  • This is DTE’s 2nd transaction in the Utilities sector.
  • This is DTE’s largest (disclosed) transaction.
  • This is DTE’s 2nd transaction in the United States.
  • This is DTE’s 2nd transaction in Michigan.

Explore All 448 Add-on Acquisition Utilities Deals - Search the Database Free


M&A Deal Summary

Date May 31, 2001
Target MCN Energy Group
Sector Utilities
Buyer(s) DTE
Deal Type Add-on Acquisition
Deal Value 4.6B USD
Advisor(s) BofA Securities (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target Company

MCN Energy Group

Detroit, Michigan, United States
MCN Energy Group, Inc., is an integrated energy company. MCN is primarily involved in natural gas production, gathering, processing, transmission, storage and distribution, electric power generation and energy marketing.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

DTE

Detroit, Michigan, United States

Category Company
Founded 1903
Sector Utilities
Employees4,700
Revenue 12.5B USD (2024)
DESCRIPTION
DTE Energy's corporate headquarters in downtown Detroit, Michigan.
DTE Energy's corporate headquarters in downtown Detroit, Michigan.

DTE is a diversified energy company involved in the development and management of energy-related businesses and services nationwide. DTE was founded in 1903 and is headquartered in Detroit, Michigan.


Deal Context for Buyer #
Overall 2 of 4
Sector: Utilities 2 of 2
Type: Add-on Acquisition 1 of 1
State: Michigan 2 of 3
Country: United States 2 of 4
Year: 2001 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 American Light and Traction

Detroit, Michigan, United States

American Light and Traction, is a small utility industry of local power suppliers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Lincoln Generating Facility

Manhattan, Illinois, United States

Lincoln Generating Facility LLC is a simple-cycle plant that provides electric generating capacity to the PJM Interconnection market during periods of peak demand. Lincoln Generating Facility is based in Manhattan, Illinois.

Buy $173M