M&A Deal Summary

Zachry Group Acquires Utility Engineering

On March 3, 2005, Zachry Group acquired engineering company Utility Engineering from Xcel Energy

Acquisition Highlights
  • This is Zachry Group’s 1st transaction in the Engineering sector.
  • This is Zachry Group’s 1st transaction in the United States.
  • This is Zachry Group’s 1st transaction in Colorado.

M&A Deal Summary
Date 2005-03-03
Target Utility Engineering
Sector Engineering
Buyer(s) Zachry Group
Sellers(s) Xcel Energy
Deal Type Divestiture

Target

Utility Engineering

Denver, Colorado, United States
Utility Engineering provides a variety of engineering, design, and management services to the electric power industry and other selected industrial markets.

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Buyer(S) 1

Buyer

Zachry Group

San Antonio, Texas, United States
Category Company
Sector Construction
DESCRIPTION

Zachry Group is a construction company that offers construction, project development, construction management and industrial maintenance services to domestic and international customers.

DEAL STATS #
Overall 1 of 4
Sector (Engineering) 1 of 3
Type (Divestiture) 1 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 4
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-26 JV Industrial Companies

Pasadena, Texas, United States

​JV Industrial Companies offers engineering and technical services to heavy industrial clients in the United States. It provides engineering procurement and construction services; turnaround management, planning and controls; general mechanical and turnaround services; specialty welding; automated welding technology; scaffolding and insulation; field machining and bold torquing; and shop fabrication.

Buy -

Seller(S) 1

SELLER

Xcel Energy

Minneapolis, Minnesota, United States
Category Company
Founded 1909
Sector Utilities
Employees11,311
Revenue 14.2B USD (2023)
DESCRIPTION

Xcel Energy is a U.S. electric and natural gas company. Based in Minneapolis, Minnesota, the company operates in eight states and provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers. Xcel Energy was founded in 1909 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 2 of 3
Sector (Engineering) 1 of 1
Type (Divestiture) 1 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 3
Year (2005) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-30 NRG

Houston, Texas, United States

NRG is a wholesale power generation company. NRG engages in the ownership, development, construction, and operation of power generation facilities; the transacting in and trading of fuel and transportation services; and the trading of energy, capacity and related products in the US and select international markets. NRG was formed in 1989 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-22 Seren Innovations

Minneapolis, Minnesota, United States

Seren offers broadband communications services including cable TV, high-speed Internet and telephone to approximately 20,000 customers in St. Cloud and surrounding communities.

Sell -
Mergr

Product

Company

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