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New Deal


Announced

Completed

Chesapeake Utilities completed the acquisition of Elkton Gas from South Jersey Industries.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Gas Distribution

Majority

natural gas distribution

Friendly

United States

Acquisition

Single Bidder

Completed

Synopsis

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Chesapeake Utilities, a diversified energy company, completed the acquisition of Elkton Gas, a gas company in Elkton, Maryland, from South Jersey Industries, a publicly held energy services holding company. Financial terms were not disclosed. "We are pleased to welcome the dedicated team of Elkton Gas employees and our new Elkton Gas customers to our Company. This move is a natural fit and we are excited about our prospects for natural gas distribution expansion in this growing area," Jeff Householder, Chesapeake Utilities President and CEO.

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