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Add-on Acquisition • Utilities

NiSource Acquires Columbia Energy Group

On February 29, 2000, NiSource acquired utilities company Columbia Energy Group for 6.0B USD

Acquisition Context
  • This is NiSource’s 1st transaction in the Utilities sector.
  • This is NiSource’s largest (disclosed) transaction.
  • This is NiSource’s 1st transaction in the United States.
  • This is NiSource’s 1st transaction in Indiana.

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M&A Deal Summary
Date February 29, 2000
Target Columbia Energy Group
Sector Utilities
Buyer(s) NiSource
Deal Type Add-on Acquisition
Deal Value 6.0B USD

Target Company

Columbia Energy Group

Merrillville, Indiana, United States
Columbia Energy Group, Inc. sells gas to about two million customers in Ohio, Pennsylvania, Kentucky, Maryland, Virginia and Washington. The company owns about 16,500 miles of interstate gas pipelines running from Louisiana to the Northeast, explores for oil and gas, and sells gas and power to homes and businesses in deregulated markets.
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Buyer Overview 1

Buyer

NiSource

Merrillville, Indiana, United States
Category Company
Founded 1847
Sector Utilities
Employees7,687
Revenue 5.5B USD (2024)
DESCRIPTION
NiSource's corporate headquarters in Merrillville, Indiana.
NiSource's corporate headquarters in Merrillville, Indiana.

NiSource is a regional provider of energy services. The company operates through three segments: Gas Distribution Operations, Columbia Pipeline Group Operations, and Electric Operations. NiSource was founded 1847 and is based in Merrillville, Indiana.

Deal Context for Buyer #
Overall 1 of 1
Sector: Utilities 1 of 1
Type: Add-on Acquisition 1 of 1
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 2000 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-26 Columbia Gas of Massachusetts

Westborough, Massachusetts, United States

Columbia Gas of Massachusetts Columbia Gas currently serves 330,000 natural gas customers in more than 60 communities in Massachusetts. Columbia Gas of Massachusetts is based in Westborough, Massachusetts.

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