M&A Deal Summary |
|
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Date | 2022-05-26 |
Target | AltaGas Alaskan Utilities |
Sector | Oil/Gas Exploration |
Buyer(s) | TriSummit Utilities |
Sellers(s) | SEMCO Energy |
Deal Type | Divestiture |
Deal Value | 800M USD |
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TriSummit Utilities is a natural gas distribution utility company with rate-regulated Utilities in British Columbia, Alberta, and Nova Scotia. The company also owns complementary fully contracted renewable power assets. Its diversified and fully regulated or contracted operations across Canada support a stable and predictable earnings profile. TriSummit Utilities is based in Calgary, Alberta.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Oil/Gas Exploration) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (Alaska) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2022) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
Category | Company |
---|---|
Sector | Energy Services and Equipment |
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.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Oil/Gas Exploration) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (Alaska) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2022) | 1 of 1 |
Size (of disclosed) | 1 of 1 |