Add-on Acquisition • Energy Services and Equipment

Peoples Natural Gas Co. Acquires Delta Natural Gas Co.

On February 21, 2017, Peoples Natural Gas Co. acquired energy services and equipment company Delta Natural Gas Co.

Acquisition Context
  • This is Peoples Natural Gas Co.’s 1st transaction in the Energy Services and Equipment sector.
  • This is Peoples Natural Gas Co.’s 2nd transaction in the United States.
  • This is Peoples Natural Gas Co.’s 1st transaction in Kentucky.

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M&A Deal Summary

Date February 21, 2017
Target Delta Natural Gas Co.
Sector Energy Services and Equipment
Buyer(s) Peoples Natural Gas Co.
Deal Type Add-on Acquisition
Advisor(s) TPH & Co. (Financial)
Stoll Keenon Ogden (Legal)

Target Company

Delta Natural Gas Co.

Winchester, Kentucky, United States
Delta Natural Gas Co., Inc. is a provider of premier natural gas services.
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Buyer Overview 1

Buyer

Peoples Natural Gas Co.

Pittsburgh, Pennsylvania, United States

Category Company
Sector Utilities
DESCRIPTION

Peoples Natural Gas Co. is a provider of natural gas service to approximately 700,000 homes and businesses in western Pennsylvania, West Virginia and Kentucky.


Deal Context for Buyer #
Overall 2 of 2
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 2 of 2
State: Kentucky 1 of 1
Country: United States 2 of 2
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-17 Equitable Gas Company

Pittsburgh, Pennsylvania, United States

Equitable Gas is a natural gas pipeline. Company distributes natural gas to residential, commercial, and industrial customers in southwestern Pennsylvania, north central West Virginia, and eastern Kentucky.

Buy $720M