M&A Deal Summary

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 Highlights
  • 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.

M&A Deal Summary

Date 2017-02-21
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

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(S) 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 STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Kentucky M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 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