M&A Deal Summary

Vectren Acquires Minnesota Limited

On March 31, 2011, Vectren acquired construction company Minnesota Limited

Acquisition Highlights
  • This is Vectren’s 1st transaction in the Construction sector.
  • This is Vectren’s 1st transaction in the United States.
  • This is Vectren’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2011-03-31
Target Minnesota Limited
Sector Construction
Buyer(s) Vectren
Deal Type Add-on Acquisition

Target

Minnesota Limited

Big Lake, Minnesota, United States
Minnesota Limited LLC, owns and operates a large fleet of new and well-maintained construction equipment, which enables us to complete any project with efficiency and flexibility to meet the needs of our customers.

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Buyer(S) 1

Buyer

Vectren

Evansville, Indiana, United States
Category Company
Founded 1912
Sector Utilities
Employees5,600
Revenue 2.4B USD (2015)
DESCRIPTION

Vectren Corp., is an energy holding company. Vectren's wholly owned subsidiary, Vectren Utility Holdings, Inc., serves as the intermediate holding company for three operating utilities: Vectren Energy Delivery of Indiana - North (Vectren North), Vectren Energy Delivery of Indiana - South (Vectren South) and Vectren Energy Delivery of Ohio (VEDO).

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-03 Vectren Source

Westerville, Ohio, United States

Vectren Source has more than 146,000 residential and small commercial customer accounts, together with an additional 134,000 aggregation customer accounts1. Around 95% of customers are located in Ohio, with the remainder in New York State and Indiana.

Sell $39M
Mergr

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