Add-on Acquisition • Utilities

NW Natural Acquires SiEnergy

On November 18, 2024, NW Natural acquired utilities company SiEnergy from Ridgewood Infrastructure for 273M USD

Acquisition Context
  • This is NW Natural’s 4th transaction in the Utilities sector.
  • This is NW Natural’s largest (disclosed) transaction.
  • This is NW Natural’s 4th transaction in the United States.
  • This is NW Natural’s 2nd transaction in Texas.

Explore All 448 Add-on Acquisition Utilities Deals - Search the Database Free


M&A Deal Summary

Date November 18, 2024
Target SiEnergy
Sector Utilities
Buyer(s) NW Natural
Sellers(s) Ridgewood Infrastructure
Deal Type Add-on Acquisition
Deal Value 273M USD

Target Company

SiEnergy

Bee Cave, Texas, United States
SiEnergy is a natural gas distribution utility that serves approximately 70,000 residential and commercial customers in the greater metropolitan areas of Houston, Dallas, and Austin (known as the Texas Triangle). It provides infrastructure to residential and commercial developments in high-growth areas and has a current contracted customer backlog of over 180,000. SiEnergy was founded in 1998 and is based in Bee Cave, Texas.
Explore More Deals

Browse All 215,156 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

NW Natural

Portland, Oregon, United States

Category Company
Founded 1859
Sector Energy Services and Equipment
Employees1,452
Revenue 1.2B USD (2024)
DESCRIPTION

NW Natural is a provider of natural gas service to about 687,000 residential, commercial, and industrial customers in Oregon and Southwest Washington. NW Natural was founded in 1859 and is based in Portland, Oregon.


Deal Context for Buyer #
Overall 4 of 4
Sector: Utilities 4 of 4
Type: Add-on Acquisition 3 of 3
State: Texas 2 of 2
Country: United States 4 of 4
Year: 2024 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Suncadia Resort - Water and Wastewater Utilities

Texas, United States

Suncadia Resort - Water and Wastewater Utilities is a provider of safe utility services based in Texas and Idaho.

Buy -

Seller Profile 1

DESCRIPTION

Ridgewood Infrastructure invests in water-focused infrastructure and real asset businesses in the US lower middle-market. Ridgewood is an affiliate of real asset manager Ridgewood Companies and is based in New York City.


Deal Context for Seller #
Overall 1 of 1
Sector: Utilities 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2024 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 WRM

Houston, Texas, United States

WRM is a mission-critical provider of liquids and wastewater collection, treatment, and disposal services. WRM controls the full value chain of liquids and wastewater management including numerous treatment facilities located in high-growth regions of the U.S. WRM is based in Houston, Texas.

Buy -