M&A Deal Summary |
|
|---|---|
| Date | 2014-09-02 |
| Target | Alabama Gas |
| Sector | Utilities |
| Buyer(s) | Spire |
| Sellers(s) | Energen |
| Deal Type | Divestiture |
| Deal Value | 1.4B USD |
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Spire is a utility holding company whose primary business is the delivery of natural gas to residential, commercial, and industrial customers. The company has three natural gas utilities: Laclede Gas, Missouri Gas Energy, and Alabama Gas Corporation. Spire was founded in 1857 and is based in St. Louis, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 6 |
| Sector: Utilities M&A | 2 of 4 |
| Type: Divestiture M&A Deals | 2 of 6 |
| State: Alabama M&A | 1 of 1 |
| Country: United States M&A | 2 of 6 |
| Year: 2014 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-20 |
New England Gas Co.
Fall River, Massachusetts, United States New England Gas Co. is a distributor of natural gas and also offers equipment services and repairs. |
Sell | $74M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-12 |
Sempra U.S. Gas & Power - Mobile Gas and Willmut Gas
San Diego, California, United States Sempra U.S. Gas & Power LLC - Mobile Gas and Willmut Gas is a provider of energy services. |
Buy | $344M |
| Category | Company |
|---|---|
| Founded | 1929 |
| Sector | Oil/Gas Exploration |
| Employees | 470 |
| Revenue | 763M USD (2015) |
Energen Corp. is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. The company has approximately 775 million barrels of oil-equivalent proved, probable, and possible reserves and another 2.5 billion barrels of oil-equivalent contingent resources. Energen was founded in 1929 and is based in Birmingham, Alabama.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Alabama M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2014 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
