M&A Deal Summary

Southern Company Gas Acquires Nicor

On December 8, 2010, Southern Company Gas acquired distribution company Nicor for 2.4B USD

Acquisition Highlights
  • This is Southern Company Gas’ 1st transaction in the Distribution sector.
  • This is Southern Company Gas’ largest (disclosed) transaction.
  • This is Southern Company Gas’ 2nd transaction in the United States.
  • This is Southern Company Gas’ 1st transaction in Illinois.

M&A Deal Summary
Date 2010-12-08
Target Nicor
Sector Distribution
Buyer(s) Southern Company Gas
Deal Type Add-on Acquisition
Deal Value 2.4B USD
Advisor(s) J.P. Morgan Securities (Financial)
Latham & Watkins (Legal)

Target

Nicor

Naperville, Illinois, United States
Nicor, Inc. is an energy and shipping company headquartered in Naperville, Illinois. Its largest subsidiary, Nicor Gas, is a natural gas distribution company.

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Buyer(S) 1

Buyer

Southern Company Gas

Atlanta, Georgia, United States
Category Company
Founded 1856
Sector Energy Services and Equipment
Employees6,094
Revenue 4.6B USD (2013)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-08 Compass Energy Services

Richmond, Virginia, United States

Compass Energy Services, Inc. is a commercial and industrial energy services company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-02 Compass Energy Services

Richmond, Virginia, United States

Compass Energy Services, Inc. is a commercial and industrial energy services company.

Sell $20M
Mergr

Product

Company

Legal