Deals
Utilities Offer Rare Spark for Dealmakers in First Half of 2016
- Big deals power resurgence in M&A for electricity producers
- Need for consolidation sees companies forking over cash
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North America is once again the focus for big utility deals, as customer demand for product -- electricity -- continues at reduced levels, while the need to spend on infrastructure remains high.
Globally, electric utility deal volume totaled about $56 billion in the first six months of 2016, according to data compiled by Bloomberg, compared with about $16 billion in the year-earlier period. The U.S. and Canada accounted for 63 percent of the total this year, the data show.