Divestiture • Electronics

NorthWestern Energy Acquires PPL Montana - Hydroelectric Facilities

On September 26, 2013, NorthWestern Energy acquired electronics company PPL Montana - Hydroelectric Facilities from PPL Montana for 900M USD

Acquisition Context
  • This is NorthWestern Energy’s 1st transaction in the Electronics sector.
  • This is NorthWestern Energy’s largest (disclosed) transaction.
  • This is NorthWestern Energy’s 1st transaction in the United States.

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M&A Deal Summary

Date September 26, 2013
Target PPL Montana - Hydroelectric Facilities
Sector Electronics
Buyer(s) NorthWestern Energy
Sellers(s) PPL Montana
Deal Type Divestiture
Deal Value 900M USD

Target Company

PPL Montana - Hydroelectric Facilities

United States
PPL Montana - Hydroelectric Facilities - The facilities are situated in two separate river basins, covering both sides of the Continental Divide, and benefit from a history of strong and reliable operating performance, low variable operating costs and favorable environmental qualities.
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Buyer Overview 1

Buyer

NorthWestern Energy

Sioux Falls, South Dakota, United States

Category Company
Founded 1923
Sector Energy Services and Equipment
Employees1,585
Revenue 1.5B USD (2024)
DESCRIPTION

NorthWestern Energy owns and operates natural gas production, transmission, and distribution systems serving 276,500 customers. NorthWestern Energy was founded in 1923 and is based in Sioux Falls, South Dakota.


Deal Context for Buyer #
Overall 1 of 4
Sector: Electronics 1 of 1
Type: Divestiture 1 of 2
Country: United States 1 of 4
Year: 2013 1 of 3
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Devon - 900 Gas Wells

Montana, United States

Devon - 900 Gas Wells provides natural gas production field in northern Montana.

Buy $70M

Seller Profile 1

SELLER

PPL Montana

Billings, Montana, United States

Category Company
Founded 1998
Sector Energy Services and Equipment
DESCRIPTION

PPL Montana,is generates electricity at plants around the state.


Deal Context for Seller #
Overall 1 of 1
Sector: Electronics 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1