M&A Deal Summary

Gas South Acquires Peninsula Energy Services - Florida Retail Operations

On October 9, 2019, Gas South acquired utilities company Peninsula Energy Services - Florida Retail Operations from Peninsula Energy Services

Acquisition Highlights
  • This is Gas South’s 1st transaction in the Utilities sector.
  • This is Gas South’s 1st transaction in the United States.
  • This is Gas South’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-10-09
Target Peninsula Energy Services - Florida Retail Operations
Sector Utilities
Buyer(s) Gas South
Sellers(s) Peninsula Energy Services
Deal Type Divestiture

Target

Peninsula Energy Services - Florida Retail Operations

Winter Haven, Florida, United States
Peninsula Energy Services Co. Inc. (PESCO) - Florida Retail Operations provide clear, accurate and timely billing along with a wide variety of supply and pricing options.

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Buyer(S) 1

Buyer

Gas South

Atlanta, Georgia, United States

Category Company
Sector Utilities
DESCRIPTION

Gas South LLC is a provider of natural gas in competitive markets throughout the southeastern U.S., serving more than 300,000 residential, business and governmental customers in Georgia, Florida, North Carolina and South Carolina.


DEAL STATS #
Overall 1 of 2
Sector (Utilities) 1 of 2
Type (Divestiture) 1 of 1
State (Florida) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Infinite Energy

Gainesville, Florida, United States

Infinite Energy provides retail natural gas service in Georgia, Florida, Ohio, and New Jersey as well as retail electricity service in Texas. It also serves large industrial users able to take advantage of energy choice in other states.

Buy -

Seller(S) 1

SELLER

Peninsula Energy Services

Winter Haven, Florida, United States

Category Company
Sector Utilities
DESCRIPTION

Peninsula Energy Services Company, Inc. (PESCO) is an experienced provider of natural gas services with the capability to deliver in any market condition. PESCO integrated approach to the market means that gas producers have high-quality access to wholesale and retail markets and that wholesale and retail customers have the benefit of reaching back to the well-head for supply cutting out several unnecessary layers of cost and driving efficiencies into customer’s value chains.


DEAL STATS #
Overall 3 of 3
Sector (Utilities) 3 of 3
Type (Divestiture) 3 of 3
State (Florida) 3 of 3
Country (United States) 3 of 3
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-09 Peninsula Energy Services - Non-Florida Retail Operations

Winter Haven, Florida, United States

Peninsula Energy Services Co. Inc. (PESCO) - Non-Florida Retail Operations provides clear, accurate and timely billing along with a wide variety of supply and pricing options.

Sell -