M&A Deal Summary

FirstEnergy Acquires GPU

On November 7, 2001, FirstEnergy acquired utilities company GPU for 4.5B USD

Acquisition Highlights
  • This is FirstEnergy’s 2nd transaction in the Utilities sector.
  • This is FirstEnergy’s 2nd largest (disclosed) transaction.
  • This is FirstEnergy’s 1st transaction in the United States.
  • This is FirstEnergy’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2001-11-07
Target GPU
Sector Utilities
Buyer(s) FirstEnergy
Deal Type Add-on Acquisition
Deal Value 4.5B USD

Target

GPU

Morristown, New Jersey, United States
GPU, Inc., a utility holding company. GPU provides electric utilities services.

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Buyer(S) 1

Buyer

FirstEnergy

Akron, Ohio, United States
Category Company
Founded 1996
Sector Utilities
Employees12,042
Revenue 12.9B USD (2023)
DESCRIPTION

FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes a investor-owned electric systems and a diverse generating fleet with a total capacity of nearly 18,000 megawatts. FirstEnergy was founded in 1996 and is based in Akron, Ohio.

DEAL STATS #
Overall 2 of 3
Sector (Utilities) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2001) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 EMDERSA Generación Salta S.A.

Salta, Argentina

Emdersa, an electric distribution holding company in Argentina.

Buy $435M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-10 Allegheny Energy

Greensburg, Pennsylvania, United States

Allegheny Energy, Inc. an electric utility company. Allegheny Energy operates and delivers electric services.

Buy $4.7B
Mergr

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