M&A Deal Summary

Shell Energy North America Acquires Avista Energy

On July 2, 2007, Shell Energy North America acquired energy services and equipment company Avista Energy from Avista

Acquisition Highlights
  • This is Shell Energy North America’s 1st transaction in the Energy Services and Equipment sector.
  • This is Shell Energy North America’s 1st transaction in the United States.
  • This is Shell Energy North America’s 1st transaction in Washington.

M&A Deal Summary
Date 2007-07-02
Target Avista Energy
Sector Energy Services and Equipment
Buyer(s) Shell Energy North America
Sellers(s) Avista
Deal Type Divestiture

Target

Avista Energy

Spokane, Washington, United States
Avista Energy, Inc. is a production, transmission and distribution of energy as well as other energy-related businesses.

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Buyer(S) 1

Buyer

Shell Energy North America

Houston, Texas, United States
Category Company
Founded 1995
Sector Oil/Gas Exploration
DESCRIPTION

Shell Energy North America is the primary marketer of Shell’s natural gas production in North America.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-25 Acadian Gas Pipeline System

Thibodaux, Louisiana, United States

Acadian's assets are comprised of the Acadian, Cypress and Evangeline natural gas pipeline systems, which together include over 1,000 miles of pipeline and have over one billion cubic feet ("Bcf") per day of capacity. The system includes a leased natural gas storage facility at Napoleonville, La. with 3.4 Bcf of capacity.

Sell $226M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 MP2 Energy

The Woodlands, Texas, United States

MP2 Energy LLC is a provider of market based solutions to commercial and industrial customers for managing energy supply, load, and generation. MP2 Energy is based in The Woodlands, Texas.

Buy -

Seller(S) 1

SELLER

Avista

Spokane, Washington, United States
Category Company
Founded 1889
Sector Utilities
Employees1,920
Revenue 1.8B USD (2023)
DESCRIPTION

Avista is an energy company engaged in the generation, transmission and distribution of electricity and the distribution of natural gas, as well as other energy-related businesses. Avista was founded in 1889 and is based in Spokane, Washington.

DEAL STATS #
Overall 1 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 3
State (Washington) 1 of 2
Country (United States) 1 of 3
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Alaska Energy and Resources Company

Juneau, Alaska, United States

Alaska Energy and Resources Company is the parent company of Alaska Electric Light and Power Company (AEL&P), the oldest regulated electric utility in Alaska. AEL&P, with 60 fulltime employees, serves approximately 15,900 customers in the city and borough of Juneau.

Buy $170M
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