Explore All 235 Divestiture Utilities Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | February 26, 2020 |
| Target | Columbia Gas of Massachusetts |
| Sector | Utilities |
| Buyer(s) | Eversource Energy |
| Sellers(s) | NiSource |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1927 |
| Sector | Utilities |
| Employees | 10,680 |
| Revenue | 11.9B USD (2024) |
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 was founded in 1927 and is headquartered in Springfield, Massachusetts.
| Deal Context for Buyer | # |
|---|---|
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-12 |
Eversource Energy - Nine Hydroelectric Facilities
Springfield, Massachusetts, United States Eversource Energy's 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. Eversource Energy's Nine Hydroelectric Facilities is based in Springfield, Massachusetts. |
Sell | $83M |
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 Context for Seller | # |
|---|---|
| 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 |
| 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 |
