M&A Deal Summary

Southern Acquires PowerSecure International

On February 24, 2016, Southern acquired electrical equipment company PowerSecure International for 431M USD

Acquisition Highlights
  • This is Southern’s 1st transaction in the Electrical Equipment sector.
  • This is Southern’s 2nd largest (disclosed) transaction.
  • This is Southern’s 3rd transaction in the United States.
  • This is Southern’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2016-02-24
Target PowerSecure International
Sector Electrical Equipment
Buyer(s) Southern
Deal Type Add-on Acquisition
Deal Value 431M USD
Advisor(s) J.P. Morgan Securities (Financial)
Wachtell, Lipton, Rosen & Katz
Kegler Brown Hill & Ritter (Legal)

Target

PowerSecure International

Wake Forest, North Carolina, United States
PowerSecure International, Inc. is a provider of utility and energy technologies to electric utilities and their industrial, institutional, and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), energy efficiency and utility infrastructure.

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Buyer(S) 1

Buyer

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 3 of 5
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 3 of 5
Year (2016) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Southern Company Gas

Atlanta, Georgia, United States

Southern Company Gas is a provider of an energy needs of millions of U.S. households and businesses. Southern Company Gas was founded in 1856 and is based in Atlanta, Georgia.

Buy $12.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Calpine - Mankato Power Plant

Minnesota, United States

Calpine - Mankato Power Plant is a 375 MW natural gas-fired, combined-cycle power plant located in Minnesota. Mankato is a modern, efficient and well-performing plant under long-term contract to the local utility and with an expansion in advanced development.

Buy $396M
Mergr

Product

Company

Legal