M&A Deal Summary

FPL Energy Services Acquires Point Beach Nuclear Plant

On October 1, 2007, FPL Energy Services acquired energy services and equipment company Point Beach Nuclear Plant from WEC Energy Group for 924M USD

Acquisition Highlights
  • This is FPL Energy Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is FPL Energy Services’ largest (disclosed) transaction.
  • This is FPL Energy Services’ 1st transaction in the United States.
  • This is FPL Energy Services’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2007-10-01
Target Point Beach Nuclear Plant
Sector Energy Services and Equipment
Buyer(s) FPL Energy Services
Sellers(s) WEC Energy Group
Deal Type Divestiture
Deal Value 924M USD

Target

Point Beach Nuclear Plant

Two Rivers, Wisconsin, United States
Point Beach is a 1,033-megawatt facility located in Two Rivers, Wisconsin. The first unit at Point Beach went into commercial service in 1970 and is licensed to operate until 2030. The second unit was brought on line in 1973 and is licensed to operate until 2033.

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Buyer(S) 1

Buyer

FPL Energy Services

Juno Beach, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

FPL Energy has assumed management and operation of Point Beach from Nuclear Management Company.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

WEC Energy Group

Milwaukee, Wisconsin, United States
Category Company
Founded 1896
Sector Utilities
Employees7,000
Revenue 8.9B USD (2023)
DESCRIPTION

WEC Energy Group is an electric and natural gas delivery company with deep operational expertise, scale, and financial resources to meet the region’s future energy needs. We focus on reliable service, customer satisfaction, and shareholder value. WEC Energy Group was founded in 1896 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 2 of 2
Country (United States) 2 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-02 WICOR

Milwaukee, Wisconsin, United States

WICOR, which manufactures water system, filtration, and pool equipment products under the Sta-Rite, SHURflo, and Hypro brands, is expected to generate sales of approximately $750 million in 2003 and employs 3,500 people in 24 locations worldwide.

Sell $850M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-23 Integrys Energy Group

Chicago, Illinois, United States

Integrys Energy Group Inc. is a diversified energy holding company with regulated natural gas and electric utility operations.

Buy $9.1B
Mergr

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