Divestiture • Utilities

Liberty Energy Utilities Co. Acquires Natural gas distribution operations

On April 1, 2013, Liberty Energy Utilities Co. acquired utilities company Natural gas distribution operations from Atmos Energy for 141M USD

Acquisition Context
  • This is Liberty Energy Utilities Co.’s 4th transaction in the Utilities sector.
  • This is Liberty Energy Utilities Co.’s largest (disclosed) transaction.
  • This is Liberty Energy Utilities Co.’s 4th transaction in the United States.
  • This is Liberty Energy Utilities Co.’s 1st transaction in Georgia.

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M&A Deal Summary

Date April 1, 2013
Target Natural gas distribution operations
Sector Utilities
Buyer(s) Liberty Energy Utilities Co.
Sellers(s) Atmos Energy
Deal Type Divestiture
Deal Value 141M USD

Target Company

Natural gas distribution operations

Georgia, United States
Natural gas distribution operations engages in distribution of natural gas in Georgia.
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Buyer Overview 1

Buyer

Liberty Energy Utilities Co.

Tahoe Vista, California, United States

Category Company
Sector Utilities
DESCRIPTION

Liberty Energy Utilities Co. provides local electrical distribution utility services.


Deal Context for Buyer #
Overall 4 of 4
Sector: Utilities 4 of 4
Type: Divestiture 3 of 3
State: Georgia 1 of 1
Country: United States 4 of 4
Year: 2013 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 United Water Arkansas

Pine Bluff, Arkansas, United States

United Water Arkansas Inc.provide comprehensive, sustainable water and wastewater management solutions that promote public, economic, and environmental health.

Buy $28M

Seller Profile 1

SELLER

Atmos Energy

Dallas, Texas, United States

Category Company
Founded 1906
Sector Energy Services and Equipment
Employees5,260
Revenue 4.2B USD (2024)
DESCRIPTION
Atmos Energy's corporate headquarters in Dallas, Texas.
Atmos Energy's corporate headquarters in Dallas, Texas.

Atmos Energy is a natural gas distributor, serving approximately 3 million customers in more than 1,400 communities across the US. Atmos Energy was incorporated in 1906 and is based in Dallas, Texas.


Deal Context for Seller #
Overall 1 of 2
Sector: Utilities 1 of 1
Type: Divestiture 1 of 2
State: Georgia 1 of 1
Country: United States 1 of 2
Year: 2013 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-17 TXU Gas Co.

Dallas, Texas, United States

TXU Gas Company LP provides natural gas marketing and procurement services to industrial, commercial and municipal customers.

Buy $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Atmos Energy Marketing

Houston, Texas, United States

Atmos Energy Marketing LLC is a full-service natural gas marketing company that provides natural gas supply and asset management services to utilities, local distribution companies, and industrial and commercial facilities as well as municipals, power plants and natural gas producers.

Sell $40M