Utility Mergers And Acquisitions Lift Capital Markets
Michael Fitzpatrick In the past several years, there has been a pronounced increase in mergers and acquisitions (M&A) activity in the electric utility industry. Three themes have been particularly notable of late:
(1) consolidation among utilities,
(2) the acquisition of gas assets by electric utilities; and
(3) the acquisition by Canadian utilities of U.S. companies.
All of this activity has led to a significant increase in mergers and acquisitions-related financing activity in the industry. Over the past 18 months, our firm's capital...
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