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Gas Utilities M&A image Gas Utilities M&A » By The Online Investor Staff, updated Fri., Jan. 15, 4:34 PM Recent mergers and acquisitions in the Gas Utilities M&A category.

Slide #23. Florida Public Utilities Company (FPU), a subsidiary of Chesapeake Utilities Corporation Operating Assets Of Glades Gas Company

Acquirer: Florida Public Utilities Company (FPU), a subsidiary of Chesapeake Utilities Corporation (NYSE:CPK)
Acquiree: Operating Assets Of Glades Gas Company
Details: Florida Public Utilities Company (FPU), a subsidiary of Chesapeake Utilities Corporation (NYSE: CPK), today announced that its propane subsidiary, Flo-Gas Corporation, has purchased the propane operating assets of Glades Gas Company.

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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Company Name: 
Chesapeake Utilities Corp.
Website: 
www.chpk.com
Sector: 
Gas Utilities
Number of ETFs Holding CPK: 
53
Total Market Value Held by ETFs: 
$413.18M
Total Market Capitalization: 
$1.83B
% of Market Cap. Held by ETFs: 
22.63%
 

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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

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