M&A Deal Summary |
|
---|---|
Date | 2014-09-03 |
Target | New Mexico Gas |
Sector | Utilities |
Buyer(s) | TECO Energy |
Sellers(s) | Continental Energy Systems |
Deal Type | Divestiture |
Deal Value | 950M USD |
Advisor(s) | Jennings Haug Keleher McLeod (Legal) |
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Category | Company |
---|---|
Founded | 1899 |
Sector | Energy Services and Equipment |
Employees | 4,400 |
Revenue | 2.6B USD (2014) |
TECO Energy, Inc. is an energy-related holding company with regulated electric and gas utilities
DEAL STATS | # |
---|---|
Overall | 2 of 2 |
Sector (Utilities) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (New Mexico) | 1 of 1 |
Country (United States) | 2 of 2 |
Year (2014) | 1 of 1 |
Size (of disclosed) | 1 of 2 |
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 |
Category | Company |
---|---|
Sector | Energy Services and Equipment |
Continental Energy Systems transmits and distributes natural gas to customers in Alaska, Michigan, and New Mexico. The company distributes natural gas to residential, commercial, and industrial customers in service territories in the southern half of the state’s Lower Peninsula and in the central, eastern, and western parts of the state’s Upper Peninsula. It also distributes propane in Michigan’s Upper Peninsula; and natural gas pipeline and storage operations in Michigan.
DEAL STATS | # |
---|---|
Overall | 2 of 2 |
Sector (Utilities) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (New Mexico) | 1 of 1 |
Country (United States) | 2 of 2 |
Year (2014) | 1 of 1 |
Size (of disclosed) | 2 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2012-02-01 |
SEMCO Energy
Port Huron, Michigan, United States Semco Energy Inc. indirectly holds a regulated gas distribution utility in Alaska through Enstar Natural Gas Co. and an interest in Cook Inlet Natural Gas Storage Alaska LLC, a regulated gas storage utility under construction. |
Sell | $1.1B |