M&A Deal Summary

South Carolina Electric & Gas Acquires Columbia Energy - Natural Gas Fired Power Plant

On November 16, 2017, South Carolina Electric & Gas acquired energy services and equipment company Columbia Energy - Natural Gas Fired Power Plant from Columbia Energy for 180M USD

Acquisition Highlights
  • This is South Carolina Electric & Gas’ 1st transaction in the Energy Services and Equipment sector.
  • This is South Carolina Electric & Gas’ largest (disclosed) transaction.
  • This is South Carolina Electric & Gas’ 1st transaction in the United States.
  • This is South Carolina Electric & Gas’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2017-11-16
Target Columbia Energy - Natural Gas Fired Power Plant
Sector Energy Services and Equipment
Buyer(s) South Carolina Electric & Gas
Sellers(s) Columbia Energy
Deal Type Divestiture
Deal Value 180M USD

Target

Columbia Energy - Natural Gas Fired Power Plant

Gaston, South Carolina, United States
Columbia Energy LLC - Natural Gas Fired Power Plant is a combined heat and power plant. Along with producing electricity, it produces process steam that supports the operation of a neighboring manufacturing facility. The plant is one of the most recently built power facilities in South Carolina.

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Buyer(S) 1

Buyer

South Carolina Electric & Gas

Cayce,, South Carolina, United States
Category Company
Founded 1923
Sector Utilities
DESCRIPTION

South Carolina Electric & Gas Company is a regulated utility engaged in the generation, transmission, distribution and sale of electricity to approximately 675,000 customers in South Carolina. The company also provides natural gas service to approximately 325,000 customers throughout the state.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Columbia Energy

Gaston, South Carolina, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Columbia Energy LLC is a provider of energy services based in Gaston, South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
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