Divestiture • Energy Services and Equipment

Integrys Energy Group Acquires Compass Energy Services

On May 2, 2013, Integrys Energy Group acquired energy services and equipment company Compass Energy Services from Southern Company Gas for 20M USD

Acquisition Context
  • This is Integrys Energy Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Integrys Energy Group’s 2nd largest (disclosed) transaction.
  • This is Integrys Energy Group’s 4th transaction in the United States.
  • This is Integrys Energy Group’s 1st transaction in Virginia.

Explore All 483 Divestiture Energy Services and Equipment Deals - Search the Database Free


M&A Deal Summary

Date May 2, 2013
Target Compass Energy Services
Sector Energy Services and Equipment
Buyer(s) Integrys Energy Group
Sellers(s) Southern Company Gas
Deal Type Divestiture
Deal Value 20M USD

Target Company

Compass Energy Services

Richmond, Virginia, United States
Compass Energy Services, Inc. is a commercial and industrial energy services company.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Integrys Energy Group

Chicago, Illinois, United States

Category Company
Founded 2007
Sector Utilities
Employees4,888
DESCRIPTION

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


Deal Context for Buyer #
Overall 4 of 4
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 3 of 3
State: Virginia 1 of 1
Country: United States 4 of 4
Year: 2013 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Texas Trillium

Salt Lake City,, Utah, United States

Trillium owns and/or operates 20 fueling stations in multiple states. Trillium's customer base includes mass transit operators and large private fleet operators. In addition, Trillium owns and operates public access, retail CNG stations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-04 Integrys Energy Group - 23 MW of Solar Power Plants

United States

Integrys Energy Group - 23 MW of Solar Power Plants are located throughout Arizona , California , Connecticut , Massachusetts , New Jersey and Pennsylvania . The assets were placed into operation between 2008 and 2013, and are contracted under long term power purchase agreements (PPAs) with a variety of commercial and municipal entities having a weighted-average credit rating of Baa2. The contracts have a weighted average remaining life of 15 years.

Sell -

Seller Profile 1

SELLER

Southern Company Gas

Atlanta, Georgia, United States

Category Company
Founded 1856
Sector Energy Services and Equipment
Employees6,094
Revenue 4.6B USD (2013)
DESCRIPTION

Southern Company Gas is a provider of an energy needs of millions of U.S. households and businesses. Southern Company Gas was founded in 1856 and is based in Atlanta, Georgia.


Deal Context for Seller #
Overall 1 of 3
Sector: Energy Services and Equipment 1 of 2
Type: Divestiture 1 of 3
State: Virginia 1 of 1
Country: United States 1 of 3
Year: 2013 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-08 Nicor

Naperville, Illinois, United States

Nicor, Inc. is an energy and shipping company headquartered in Naperville, Illinois. Its largest subsidiary, Nicor Gas, is a natural gas distribution company.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-11 Southern Co. - Pivotal Home Solutions

Atlanta, Georgia, United States

Southern Co. - Pivotal Home Solutions is a home warranty business operating in 18 states with about 1.2 million customer contracts. Pivotal Home Solutions offers coverage for a wide variety of home appliances, heating and cooling systems, and lines in and around a home.

Sell $365M