Investment Summary

Piedmont Natural Gas Invests In SouthStar Energy Services

On September 6, 2013, Piedmont Natural Gas invested in energy services and equipment company SouthStar Energy Services for 23M USD

Investment Highlights
  • This is Piedmont Natural Gas’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Piedmont Natural Gas’ 2nd largest (disclosed) transaction.
  • This is Piedmont Natural Gas’ 2nd transaction in the United States.
  • This is Piedmont Natural Gas’ 1st transaction in Georgia.

Investment Summary
Date 2013-09-06
Target SouthStar Energy Services
Sector Energy Services and Equipment
Investor(s) Piedmont Natural Gas
Deal Type Stake Purchase
Deal Value 23M USD

Target

SouthStar Energy Services

Atlanta, Georgia, United States
SouthStar Energy Services LLC provides natural energy services in US.

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Investor(S) 1

Investor

Piedmont Natural Gas

Charlotte, North Carolina, United States
Category Company
Founded 1949
Sector Energy Services and Equipment
Employees1,868
Revenue 1.5B USD (2014)
DESCRIPTION

Piedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to more than one million residential, commercial, industrial and power generation utility customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are wholesale customers.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Stake Purchase) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-16 North Carolina Natural Gas

Fayetteville, North Carolina, United States

North Carolina Natural Gas (NCNG), its natural gas distribution in US.

Buy $425M
Mergr

Product

Company

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