Add-on Acquisition • Utilities

Sempra Acquires EnergySouth

On October 1, 2008, Sempra acquired utilities company EnergySouth for 510M USD

Acquisition Context
  • This is Sempra’s 1st transaction in the Utilities sector.
  • This is Sempra’s largest (disclosed) transaction.
  • This is Sempra’s 1st transaction in the United States.
  • This is Sempra’s 1st transaction in Alabama.

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M&A Deal Summary

Date October 1, 2008
Target EnergySouth
Sector Utilities
Buyer(s) Sempra
Deal Type Add-on Acquisition
Deal Value 510M USD

Target Company

EnergySouth

Mobile, Alabama, United States
EnergySouth, Inc. is a distributor and transporter of natural gas in the United States. EnergySouth also owns two large, high-cycle underground natural gas storage facilities.
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Buyer Overview 1

Buyer

Sempra

San Diego, California, United States

Category Company
Founded 1996
Sector Utilities
Employees16,773
Revenue 13.2B USD (2024)
DESCRIPTION
Sempra Energy's corporate headquarters in downtown San Diego, California.
Sempra Energy's corporate headquarters in downtown San Diego, California.

Sempra develops and operates critical energy infrastructure and provides gas and electricity services primarily in the Western United States. Sempra was founded in 1996 and is based in San Diego, California.


Deal Context for Buyer #
Overall 1 of 3
Sector: Utilities 1 of 1
Type: Add-on Acquisition 1 of 2
State: Alabama 1 of 1
Country: United States 1 of 1
Year: 2008 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-18 The Twin Oaks Power facility

Texas, United States

The Twin Oaks Power facility, a 305-megawatt plant .Twin Oaks is considered to be one of the cleanest coal-fired power plants in Texas. The plant uses fluidized bed combustion technology and limestone injection to reduce nitrogen oxide and sulfur dioxide emissions.

Sell $480M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 IEnova

Mexico City, Mexico

IEnova is a provider of energy infrastructure projects. IEnova was founded in 1996 and is based in Mexico City, Mexico.

Buy -