Explore All 235 Divestiture Utilities Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | September 28, 2001 |
| Target | Valley Propane |
| Sector | Utilities |
| Buyer(s) | Star Group |
| Sellers(s) | Southern Union Co. |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1995 |
| Sector | Energy Services and Equipment |
| Employees | 3,039 |
| Revenue | 1.8B USD (2024) |
Star Group is a full-service energy provider specializing in the sale of home heating products and services to residential and commercial customers. Star sells diesel fuel, gasoline and home heating oil on a delivery-only basis. Star Group was founded in 1995 and is based in Stamford, Connecticut.
| Deal Context for Buyer | # |
|---|---|
| Overall | 5 of 7 |
| Sector: Utilities | 5 of 6 |
| Type: Divestiture | 2 of 3 |
| State: Rhode Island | 2 of 2 |
| Country: United States | 5 of 7 |
| Year: 2001 | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-08-24 |
ProvEnergy Oil Co.
Warwick, Rhode Island, United States ProvEnergy Oil Co. serves approximately 15,000 customers, with annual home heating oil volume of approximately 12 million gallons. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-03-14 |
Modern Gas
Woodbine, New Jersey, United States Modern Gas serves approximately 8,000 customers a wonderful fit given its geographical proximity to other regional propane operation with annual propane volume of approximately 5.7 million gallons. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1932 |
| Sector | Oil/Gas Exploration |
| Employees | 2,256 |
Southern Union Co. engages in the gathering, processing, transportation, storage, and distribution of natural gas in the United States.
| Deal Context for Seller | # |
|---|---|
| Overall | 2 of 4 |
| Sector: Utilities | 2 of 4 |
| Type: Divestiture | 2 of 4 |
| State: Rhode Island | 2 of 2 |
| Country: United States | 2 of 4 |
| Year: 2001 | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-08-24 |
ProvEnergy Oil Co.
Warwick, Rhode Island, United States ProvEnergy Oil Co. serves approximately 15,000 customers, with annual home heating oil volume of approximately 12 million gallons. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-01-27 |
PG Energy
Wilkes-Barre, Pennsylvania, United States PG Energy serves customers in 13 counties in northeastern and central Pennsylvania, including the cities of Scranton, Wilkes-Barre and Williamsport. |
Sell | $580M |
