M&A Deal Summary

Minnesota Energy Resources Acquires Alliant Natural Gas Distribution Business

On May 1, 2015, Minnesota Energy Resources acquired utilities company Alliant Natural Gas Distribution Business from Alliant Energy

Acquisition Highlights
  • This is Minnesota Energy Resources’ 1st transaction in the Utilities sector.
  • This is Minnesota Energy Resources’ 1st transaction in the United States.
  • This is Minnesota Energy Resources’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-05-01
Target Alliant Natural Gas Distribution Business
Sector Utilities
Buyer(s) Minnesota Energy Resources
Sellers(s) Alliant Energy
Deal Type Divestiture

Target

Alliant Natural Gas Distribution Business

Minnesota, United States
Alliant Natural Gas Distribution Business comprises 10,600 new customers provide safe and reliable natural gas service.

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Buyer(S) 1

Buyer

Minnesota Energy Resources

Rosemount,, Minnesota, United States
Category Company
Founded 1980
Sector Utilities
DESCRIPTION

Minnesota Energy Resources delivers natural gas to 219,000 customers in 184 communities across Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Alliant Energy

Madison, Wisconsin, United States
Category Company
Founded 1981
Sector Utilities
Employees3,129
Revenue 4.0B USD (2023)
DESCRIPTION

Alliant Energy is an energy holding company that provides mid-west utility customers with safe and reliable electric and natural gas services. Alliant Energy was founded in 1981 and is based in Madison, Wisconsin.

DEAL STATS #
Overall 2 of 2
Sector (Utilities) 1 of 1
Type (Divestiture) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-12 RMT

Madison, Wisconsin, United States

RMT is a EPC contractor specializing in the design and construction of wind and solar electric energy generating facilities and high-voltage transmission lines. RMT's experienced construction crew is backed by in-house engineering and development support professionals. RMT's EPC renewable energy portfolio includes over 5,000 MW.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 EDF Renewable Energy - Great Western Wind Project

United States

EDF Renewable Energy, Inc. - Great Western Wind Project is a 225 megawatt Wind Project Located in Woodward and Ellis counties near the base of the Oklahoma panhandle, Great Western Wind is comprised of 30 V117 (unit capacity of 3.3 MW) and 63 V100 (unit capacity of 2.0 MW) wind turbines supplied by Vestas. The Project achieved commercial operations in December 2016; electricity generated is provided to Google under a long-term Power Purchase Agreement (PPA).

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