M&A Deal Summary

United Energy Trading Acquires Peninsula Energy Services - Non-Florida Retail Operations

On October 9, 2019, United Energy Trading acquired utilities company Peninsula Energy Services - Non-Florida Retail Operations from Peninsula Energy Services

Acquisition Highlights
  • This is United Energy Trading’s 1st transaction in the Utilities sector.
  • This is United Energy Trading’s 1st transaction in the United States.
  • This is United Energy Trading’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-10-09
Target Peninsula Energy Services - Non-Florida Retail Operations
Sector Utilities
Buyer(s) United Energy Trading
Sellers(s) Peninsula Energy Services
Deal Type Divestiture

Target

Peninsula Energy Services - Non-Florida Retail Operations

Winter Haven, Florida, United States
Peninsula Energy Services Co. Inc. (PESCO) - Non-Florida Retail Operations provides clear, accurate and timely billing along with a wide variety of supply and pricing options.

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Buyer(S) 1

Buyer

United Energy Trading

Lakewood, Colorado, United States

Category Company
Sector Utilities
DESCRIPTION

United Energy Trading LLC is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. UET purchases, transports, and/or sells approximately 2 billion cubic feet/day of natural gas on over 80 pipelines, approximately 400,000 barrels/day of crude oil on over 20 pipelines and over 2.5 million gallons per day throughout North America.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Peninsula Energy Services

Winter Haven, Florida, United States

Category Company
Sector Utilities
DESCRIPTION

Peninsula Energy Services Company, Inc. (PESCO) is an experienced provider of natural gas services with the capability to deliver in any market condition. PESCO integrated approach to the market means that gas producers have high-quality access to wholesale and retail markets and that wholesale and retail customers have the benefit of reaching back to the well-head for supply cutting out several unnecessary layers of cost and driving efficiencies into customer’s value chains.


DEAL STATS #
Overall 3 of 3
Sector (Utilities) 3 of 3
Type (Divestiture) 3 of 3
State (Florida) 3 of 3
Country (United States) 3 of 3
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-09 Peninsula Energy Services - Florida Retail Operations

Winter Haven, Florida, United States

Peninsula Energy Services Co. Inc. (PESCO) - Florida Retail Operations provide clear, accurate and timely billing along with a wide variety of supply and pricing options.

Sell -