M&A Deal Summary

SJI Acquires Elizabethtown Gas

On October 16, 2017, SJI acquired utilities company Elizabethtown Gas from Southern

Acquisition Highlights
  • This is SJI’s 2nd transaction in the Utilities sector.
  • This is SJI’s 2nd transaction in the United States.
  • This is SJI’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-10-16
Target Elizabethtown Gas
Sector Utilities
Buyer(s) SJI
Sellers(s) Southern
Deal Type Divestiture

Target

Elizabethtown Gas

Union, New Jersey, United States
Elizabethtown Gas is a provider of natural gas for 283,000 residential, business and industrial natural gas customers in New Jersey.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

SJI

Folsom, New Jersey, United States
Category Company
Founded 1910
Sector Energy Services and Equipment
Revenue 2.0B USD (2021)
DESCRIPTION

SJI is an energy infrastructure holding company that delivers energy services to customers through two primary subsidiaries: SJI Utilities (SJIU) and SJI Energy Enterprises (SJIEE). SJIU houses the company’s regulated natural gas utility operations, delivering safe, reliable, and affordable natural gas to more than 700,000 residential, commercial and industrial customers across New Jersey via its South Jersey Gas and Elizabethtown Gas subsidiaries. SJIEE houses the company’s non-utility operations primarily focused on clean energy development and decarbonization via renewable energy production and energy management activities. SJI was founded in 1910 and is based in Folsom, New Jersey.

DEAL STATS #
Overall 2 of 2
Sector (Utilities) 2 of 2
Type (Divestiture) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 Elkton Gas

Elkton, Maryland, United States

Elkton Gas Co. delivers safe, reliable and affordable natural gas to approximately 7,000 residential and commercial customers within a franchised area of Cecil County, Maryland. Elkton Gas was incorporated in 1863 and is based in Elkton, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 Elkton Gas

Elkton, Maryland, United States

Elkton Gas Co. delivers safe, reliable and affordable natural gas to approximately 7,000 residential and commercial customers within a franchised area of Cecil County, Maryland. Elkton Gas was incorporated in 1863 and is based in Elkton, Maryland.

Sell -

Seller(S) 1

SELLER

Southern

Atlanta, Georgia, United States
Category Company
Founded 1945
Sector Utilities
Employees27,819
Revenue 25.3B USD (2023)
DESCRIPTION

Southern is a premier energy company serving the Southeast through its subsidiaries. A U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern was founded in 1945 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 6
Sector (Utilities) 2 of 4
Type (Divestiture) 2 of 5
State (New Jersey) 1 of 1
Country (United States) 2 of 6
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 Elkton Gas

Elkton, Maryland, United States

Elkton Gas Co. delivers safe, reliable and affordable natural gas to approximately 7,000 residential and commercial customers within a franchised area of Cecil County, Maryland. Elkton Gas was incorporated in 1863 and is based in Elkton, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 Southern - Florida Assets

Florida, United States

Southern Co. - Florida Assets include Gulf Power Company and the entities holding Southern Power's interests in Plant Oleander and Plant Stanton provide customer-focused business models and strong commitments to safety, reliability, customer service and community engagement.

Sell $6.5B
Mergr

Product

Company

Legal