M&A Deal Summary

Eversource Energy Acquires Columbia Gas of Massachusetts

On February 26, 2020, Eversource Energy acquired utilities company Columbia Gas of Massachusetts from NiSource

Acquisition Highlights
  • This is Eversource Energy’s 3rd transaction in the Utilities sector.
  • This is Eversource Energy’s 5th transaction in the United States.
  • This is Eversource Energy’s 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2020-02-26
Target Columbia Gas of Massachusetts
Sector Utilities
Buyer(s) Eversource Energy
Sellers(s) NiSource
Deal Type Divestiture

Target

Columbia Gas of Massachusetts

Westborough, Massachusetts, United States
Columbia Gas of Massachusetts Columbia Gas currently serves 330,000 natural gas customers in more than 60 communities in Massachusetts. Columbia Gas of Massachusetts is based in Westborough, Massachusetts.

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Buyer(S) 1

Buyer

Eversource Energy

Springfield, Massachusetts, United States
Category Company
Sector Utilities
Employees10,000
Revenue 11.9B USD (2023)
DESCRIPTION

Eversource Energy operates new england's utility system serving more than 3.6 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. Eversource Energy is headquartered in Springfield, Massachusetts.

DEAL STATS #
Overall 5 of 5
Sector (Utilities) 3 of 3
Type (Divestiture) 1 of 1
State (Massachusetts) 3 of 3
Country (United States) 5 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 Eversource Energy - Nine Hydroelectric Facilities

Springfield, Massachusetts, United States

Eversource Energy - Nine Hydroelectric Facilities comprises Hydro Assets – 68.2 MW total nameplate capacity Amoskeag Hydro, Manchester; 16.0 MW Ayers Island, Bristol; 8.4 MW Canaan Hydro, West Stewartstown; 1.1 MW Eastman Falls, Franklin; 6.4 MW Garvins Falls, Bow; 12.1 MW Gorham Hydro, Gorham; 2.2 MW Hooksett Hydro, Hooksett; 1.6 MW Jackman Hydro, Hillsborough; 3.2 MW Smith Hydro, Berlin; 17.2 MW.

Sell $83M

Seller(S) 1

SELLER

NiSource

Merrillville, Indiana, United States
Category Company
Founded 1847
Sector Utilities
Employees7,364
Revenue 5.5B USD (2023)
DESCRIPTION
NiSource's corporate headquarters in Merrillville, Indiana.
NiSource's corporate headquarters in Merrillville, Indiana.

NiSource is a regional provider of energy services. The company operates through three segments: Gas Distribution Operations, Columbia Pipeline Group Operations, and Electric Operations. NiSource was founded 1847 and is based in Merrillville, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-29 Columbia Energy Group

Merrillville, Indiana, United States

Columbia Energy Group, Inc. sells gas to about two million customers in Ohio, Pennsylvania, Kentucky, Maryland, Virginia and Washington. The company owns about 16,500 miles of interstate gas pipelines running from Louisiana to the Northeast, explores for oil and gas, and sells gas and power to homes and businesses in deregulated markets.

Buy $6.0B
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