M&A Deal Summary

TECO Energy Acquires Lykes Energy

On November 23, 1996, TECO Energy acquired energy services and equipment company Lykes Energy for 300M USD

Acquisition Highlights
  • This is TECO Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is TECO Energy’s 2nd largest (disclosed) transaction.
  • This is TECO Energy’s 1st transaction in the United States.
  • This is TECO Energy’s 1st transaction in Florida.

M&A Deal Summary
Date 1996-11-23
Target Lykes Energy
Sector Energy Services and Equipment
Buyer(s) TECO Energy
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

Lykes Energy

Florida, United States
Lykes Energy is a natural gas distribution business in Florida.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TECO Energy

Tampa, Florida, United States
Category Company
Founded 1899
Sector Energy Services and Equipment
Employees4,400
Revenue 2.6B USD (2014)
DESCRIPTION

TECO Energy, Inc. is an energy-related holding company with regulated electric and gas utilities

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (1996) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-19 Commonwealth Chesapeake Co

New Church, Virginia, United States

Commonwealth Chesapeake Co LLC is a simple-cycle plant provides electric generating capacity to the PJM Interconnection market during periods of peak demand.

Sell $89M
Mergr

Product

Company

Legal