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New Deal


Announced

Completed

Ullico-backed Hearthstone Utilities completed the acquisition of Hope Gas from Dominion Energy for $690m.

Financials

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Transaction Value£508m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

United States

energy transportation

Gas Distribution

Private

Domestic

Majority

Friendly

Acquisition

Completed

Synopsis

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Ullico-backed Hearthstone Utilities, a natural gas holding and transporting company, completed the acquisition of Hope Gas, an energy transportation company, from Dominion Energy, an energy company, for $690m. “Hope Gas is a valuable business with tremendous employees. The business and its people will fit extremely well with Ullico and Hearthstone’s commitment to safety and their mission to serve American workers and customers," Robert M. Blue, Dominion Energy Chairman, President and CEO.

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