M&A Deal Summary

SSE Airtricity Energy Supply Acquires Phoenix Supply

On May 16, 2012, SSE Airtricity Energy Supply acquired energy services and equipment company Phoenix Supply from Phoenix Energy Holdings

Acquisition Highlights
  • This is SSE Airtricity Energy Supply’s 2nd transaction in the Energy Services and Equipment sector.
  • This is SSE Airtricity Energy Supply’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2012-05-16
Target Phoenix Supply
Sector Energy Services and Equipment
Buyer(s) SSE Airtricity Energy Supply
Sellers(s) Phoenix Energy Holdings
Deal Type Divestiture

Target

Phoenix Supply

Belfast, United Kingdom
Phoenix Supply Ltd (which supplies gas to around 130,000 customers in the Greater Belfast area).

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Buyer(S) 1

Buyer

SSE Airtricity Energy Supply

Belfast, United Kingdom

Category Company
Founded 1999
Sector Energy Services and Equipment
DESCRIPTION

SSE Airtricity Energy Supply (Northern Ireland) Ltd. Northern Ireland’s second largest energy provider, supplying natural gas and greener electricity to over 300,000 Northern Irish homes and businesses. We’re proud to make a difference across Northern Ireland.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-16 Phoenix Energy

United Kingdom

Phoenix Energy Ltd (which supplies gas to large industrial and commercial customers in the Republic of Ireland).

Buy -

Seller(S) 1

SELLER

Phoenix Energy Holdings

Belfast, United Kingdom

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Phoenix Energy Holdings is owned by Terra Firma, one of Europe’s leading private equity companies. Phoenix Natural Gas, its subsidiary, owns and operates the Greater Belfast gas network, which is currently over 3,100km in length and is still growing. The company’s gas licence area includes: Belfast, Lisburn, Bangor, Holywood, Groomsport, Newtownards, Larne, Newtownabbey, Carrickfergus, Carryduff, Comber, Donaghadee and Millisle.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-16 Phoenix Energy

United Kingdom

Phoenix Energy Ltd (which supplies gas to large industrial and commercial customers in the Republic of Ireland).

Sell -