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New Deal


Announced

Completed

ENE completed the acquisition of Utility Services.

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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Energy / Utility Services

Completed

Acquisition

Friendly

Majority

Single Bidder

United States

Private

electric regulatory

Synopsis

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Energy New England, a wholesale risk management and energy trading organization, completed the acquisition of Utility Services, an international services organization assisting energy companies with electric regulatory, reliability, and security standard obligations. Financial terms were not disclosed. “By joining together, ENE and USI can offer our customers a full, coordinated spectrum of energy services and capabilities with the superior customer service and intense attention to detail both of our companies are known for. USI’s formally joining the ENE family allows us to become a one-stop provider of an even broader set of expert solutions for both public power utilities and private-sector energy," John G. Tzimorangas, ENE President and CEO.

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