Recent Utilities Acquisitions in Michigan
Acquisition Volume in Utilities in Michigan by Year
Last 5 years
Actual
Full-year estimate
-
- Buyer
- Presque Isle Electric & Gas Co-op (PIE&G)
- Target
- Aurora Gas Co.
- Seller
- John and Helen Tierney family
- Industry
- Utilities
- Location
- Michigan, United States
- Type
- Buyout
Presque Isle Electric & Gas Co-op (PIE&G) has purchased all outstanding stock of Aurora Gas Co., bringing Aurora’s roughly 2,800 natural gas accounts into PIE&G’s membership. The acquisition expands PIE&G’s natural gas service footprint by about 28%, increases its membership base, and preserves the investment of the selling Tierney family in the Onaway, Michigan community.
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