Add-on Acquisition • Infrastructure

Sempra Acquires IEnova

On September 10, 2021, Sempra acquired infrastructure company IEnova from Sempra

Acquisition Context
  • This is Sempra’s 2nd transaction in the Infrastructure sector.
  • This is Sempra’s 2nd transaction in Mexico.

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M&A Deal Summary

Date September 10, 2021
Target IEnova
Sector Infrastructure
Buyer(s) Sempra
Sellers(s) Sempra
Deal Type Add-on Acquisition

Target Company

IEnova

Mexico City, Mexico
IEnova is a provider of energy infrastructure projects. IEnova was founded in 1996 and is based in Mexico City, Mexico.
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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 3 of 3
Sector: Infrastructure 2 of 2
Type: Add-on Acquisition 2 of 2
Country: Mexico 2 of 2
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Sempra Infrastructure

San Diego, California, United States

Sempra Infrastructure is a North American energy infrastructure platform. Sempra Infrastructure is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 PXiSE Energy Solutions

San Diego, California, United States

PXiSE Energy Solutions is a developer of software that enables utilities and other grid operators to deliver reliable and stable power by managing renewables and distributed energy resources (DERs) in real-time. PXiSE Energy Solutions was founded in 2016 and is based in San Diego, California.

Sell -

Seller Profile 1

SELLER

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 Seller #
Overall 9 of 10
Sector: Infrastructure 2 of 2
Type: Add-on Acquisition 1 of 1
Country: Mexico 1 of 1
Year: 2021 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Sempra Infrastructure

San Diego, California, United States

Sempra Infrastructure is a North American energy infrastructure platform. Sempra Infrastructure is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 PXiSE Energy Solutions

San Diego, California, United States

PXiSE Energy Solutions is a developer of software that enables utilities and other grid operators to deliver reliable and stable power by managing renewables and distributed energy resources (DERs) in real-time. PXiSE Energy Solutions was founded in 2016 and is based in San Diego, California.

Sell -