M&A Deal Summary

OGE Energy Acquires Enogex Holdings

On January 1, 1986, OGE Energy acquired utilities company Enogex Holdings

Acquisition Highlights
  • This is OGE Energy’s 1st transaction in the Utilities sector.
  • This is OGE Energy’s 1st transaction in the United States.
  • This is OGE Energy’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 1986-01-01
Target Enogex Holdings
Sector Utilities
Buyer(s) OGE Energy
Deal Type Add-on Acquisition

Target

Enogex Holdings

Oklahoma City,, Oklahoma, United States
Enogex Holdings LLC, through its subsidiary, operates in midstream natural gas pipeline business.

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Buyer(S) 1

Buyer

OGE Energy

Oklahoma City, Oklahoma, United States

Category Company
Founded 1902
Sector Utilities
Employees2,360
Revenue 2.7B USD (2023)
DESCRIPTION

OGE Energy a regulated electric utility with more than 786,000 customers in a service area spanning 30,000 square miles in Oklahoma and western Arkansas. OGE Energy was founded in 1902 and is based in Oklahoma City, Oklahoma.


DEAL STATS #
Overall 1 of 4
Sector (Utilities) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (Oklahoma) 1 of 4
Country (United States) 1 of 4
Year (1986) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-30 Redbud Energy

Luther, Oklahoma, United States

Redbud Energy LP is capable of ramping its production quickly up and down, an important characteristic which allows OG&E to maximize the benefits from inexpensive, but less predictable wind generation.

Buy $852M