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  5. SEIT Acquires Stockholm Gas

M&A Deal Summary

SEIT Acquires Stockholm Gas

On November 2, 2020, SEIT acquired utilities company Stockholm Gas from iCON Infrastructure

Acquisition Highlights
  • This is SEIT’s 2nd transaction in the Utilities sector.
  • This is SEIT’s 2nd transaction in Sweden.

M&A Deal Summary
Date 2020-11-02
Target Stockholm Gas
Sector Utilities
Buyer(s) SEIT
Sellers(s) iCON Infrastructure
Deal Type Add-on Acquisition

Target

Stockholm Gas

Solna, Sweden
Stockholm Gas is a gas trading company involved in selling natural gas, biogas and city gas to households, restaurants, industry and the automotive sector. Stockholm Gas was founded in 2008 and is based in Solna, Sweden.

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Buyer(S) 1

Buyer

SEIT

London, United Kingdom
Category Company
Founded 2007
Sector Energy Services and Equipment
Revenue 73M GBP (2025)
DESCRIPTION

SEIT is an investment trust that focuses exclusively on energy-efficiency infrastructure and onsite power-generation projects. SEIT was founded in 2007 and is based in London, United Kingdom.

DEAL STATS #
Overall 3 of 4
Sector: Utilities M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Sweden M&A 2 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Gasnatet Stockholm

Stockholm, Sweden

Gasnatet Stockholm owns gas transmission network in the Stockholm region and is involved in the development, operation and maintenance of them. Gas network currently consists of about 60 mil for natural gas pipes in Stockholm, Solna and Sundbyberg and a 4 mil long vehicle gas. Gasnatet Stockholm is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Ironclad Energy Partners

Lombard, Illinois, United States

Ironclad Energy Partners was formed with power industry veterans for the purpose of acquiring, developing, owning, operating and making capital investments in middle-market power and utility infrastructure assets. Together with Stonepeak, Ironclad plans to acquire power generation, district energy and utility assets and improve them commercially, technically, and/or operationally, in order to increase their value to customers and investors.

Buy -

Seller(S) 1

SELLER

iCON Infrastructure

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

iCON Infrastructure is an independent private equity firm focused on investing in infrastructure assets throughout Europe and North America. iCON targets mid-market opportunities covering transportation, utilities, communications, energy, and environmental. iCON Infrastructure was founded in 2004 and is based in London, England.

DEAL STATS #
Overall 9 of 10
Sector: Utilities M&A 4 of 4
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Sweden M&A 2 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Gasnatet Stockholm

Stockholm, Sweden

Gasnatet Stockholm owns gas transmission network in the Stockholm region and is involved in the development, operation and maintenance of them. Gas network currently consists of about 60 mil for natural gas pipes in Stockholm, Solna and Sundbyberg and a 4 mil long vehicle gas. Gasnatet Stockholm is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 IAIS

Cedar Rapids, Iowa, United States

IAIS is a freight railway company operating in the Midwestern region of the USA between Chicago, Peoria and Omaha. IAIS was founded in 1984 and is based in Cedar Rapids, Iowa.

Buy -
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