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  6. Fortis Acquires CH Energy Group

M&A Deal Summary

Fortis Acquires CH Energy Group

On June 27, 2013, Fortis acquired utilities company CH Energy Group for 1.5B USD

Acquisition Highlights
  • This is Fortis’ 3rd transaction in the Utilities sector.
  • This is Fortis’ 4th largest (disclosed) transaction.
  • This is Fortis’ 4th transaction in the United States.
  • This is Fortis’ 2nd transaction in New York.

M&A Deal Summary
Date 2013-06-27
Target CH Energy Group
Sector Utilities
Buyer(s) Fortis
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

CH Energy Group

Poughkeepsie,, New York, United States
CH Energy Group is an energy delivery company. Its regulated transmission and distribution subsidiary Central Hudson serves approximately 300,000 electric and 75,000 natural gas customers in eight counties of New York State's Mid‑Hudson River Valley, delivering natural gas and electricity in a 2,600-square-mile service territory that extends north from the suburbs of metropolitan New York City to the Capital District around Albany.

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Buyer(S) 1

Buyer

Fortis

Saint John's, Newfoundland, Canada
Category Company
Founded 1885
Sector Utilities
Employees9,598
Revenue 11.5B CAD (2023)
DESCRIPTION

Fortis is a distribution utility in Canada, serving more than 2 million gas and electricity customers. Its regulated holdings include electric utilities in five Canadian provinces and two Caribbean countries and a natural gas utility in British Columbia. Fortis owns non?regulated hydroelectric generation assets in Canada, Belize and Upstate New York. Fortis also owns hotels and commercial real estate in Canada. Fortis was formed in 1977 and is based in St. John's, Newfoundland. Fortis was incorporated in 1885 and is based in Saint John's, Canada.

DEAL STATS #
Overall 8 of 10
Sector: Utilities M&A 3 of 5
Type: Add-on Acquisition M&A Deals 7 of 9
State: New York M&A 2 of 2
Country: United States M&A 4 of 6
Year: 2013 M&A 2 of 2
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 Central Hudson Enterprises

Poughkeepsie, New York, United States

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-15 UNS Energy

Tucson,, Arizona, United States

UNS Energy Corp. serves more than 414,000 customers in and around Tucson, provides natural gas and electric service to about 243,000 customers in northern and southern Arizona.

Buy $4.5B
Mergr

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