Gas Utilities M&A » By The Online Investor Staff, updated Wed., Jan. 20, 2:37 AM
Recent mergers and acquisitions in the Gas Utilities M&A category.
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Slide #17. Chesapeake Utilities Corporation — The Operating Assets Of Austin Cox Home Services, Inc.
Acquirer:
Chesapeake Utilities Corporation (NYSE:CPK)
Acquiree:
The Operating Assets Of Austin Cox Home Services, Inc.
Details:
Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake") announced today that it has acquired the operating assets of Austin Cox Home Services, Inc. ("Austin Cox"). Based in Salisbury, Maryland, Austin Cox provides HVAC, plumbing and electrical services to residential and commercial customers throughout the lower Delmarva Peninsula. The Company will retain its name and office location in Salisbury, Maryland and Austin "Skip" Cox, Jr. will be President of Chesapeake's newest subsidiary.
Chesapeake Utilities is an energy delivery company. Co. operates in the Mid-Atlantic region, Florida and Ohio. Co.'s segments are: Regulated Energy and Unregulated Energy. Co.'s regulated energy businesses consist of: regulated natural gas distribution operations; regulated natural gas transmission operations; and regulated electric distribution operations. Co.'s unregulated energy businesses include: propane operations; its unregulated natural gas transmission/supply operation; its combined heat and power plant that generates electricity and steam; and its subsidiary that provides compressed natural gas and pipeline solutions, mainly to utilities and pipelines throughout the eastern U.S.
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Avg. Broker Rec.
 
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Buy (2.67 out of 4) 18th percentile
(ranked lower than approx. 82% of all stocks covered)
Analysts' Target Price: CPK Stock Forecast Based on Zacks ABR data; powered by Xignite |
