M&A Deal Summary

Southwest Acquires SAFFiRE Renewables

On March 28, 2024, Southwest acquired oil/gas exploration company SAFFiRE Renewables

Acquisition Highlights
  • This is Southwest’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Southwest’s 5th transaction in the United States.
  • This is Southwest’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2024-03-28
Target SAFFiRE Renewables
Sector Oil/Gas Exploration
Buyer(s) Southwest
Deal Type Add-on Acquisition

Target

SAFFiRE Renewables

Grand Forks, North Dakota, United States
SAFFiRE Renewables develops and produces scalable renewable ethanol. SAFFiRE Renewables was founded in 2022 and is based in Grand Forks, North Dakota.

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Buyer(S) 1

Buyer

Southwest

Dallas, Texas, United States
Category Company
Founded 1967
Sector Airlines
Employees74,081
Revenue 26.1B USD (2023)
DESCRIPTION
Entrance to Southwest's corporate headquarters in Dallas, Texas.
Entrance to Southwest's corporate headquarters in Dallas, Texas.

Southwest is a discount airline serving the US market. Southwest serves more then 100 destinations in 40+ states, the District of Columbia, the Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest was formed in 1967 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (North Dakota) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-27 AirTran Airways

Orlando, Florida, United States

AirTran Airways is a discount airline operating in the US.

Buy $1.4B
Mergr

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