Chesapeake Utilities Corporation, a diversified energy delivery company that provides natural gas, electricity, propane and mobile compressed gas products and services has announced that it is acquiring Florida City Gas (FCG). FCG serves eight counties in southeastern Florida, with 120,000 commercial and residential natural gas customers.
This is a “transformative acquisition,” which will more than double Chesapeake’s natural gas business in Florida, according to the company. As a result, Chesapeake has “increased its capital investment plan and extended its earnings guidance through 2028 to reflect the increased scale and investment opportunities related to the transaction.”
The BakerHostetler deal team was led by Partners Jeff Decker and Rob Morwood and included Partners Mike Asensio, Phil Callesen, Craig Carpenter, Darren Crook, Sam Endicott, Seth Hanft, Suzanne Hanselman, John Harrington, Jeremy Hart, John Lehrer, Bill Pence, Stefan Smith, Monica Verma and Michael Wilde; Counsel Allison Jones and Meagan Moore; and Associates David Corrigan, Reed Leigh, Brandon Marcus, Macy Munz, Michael Parente and Jacob Steffey.
In the days following Chesapeake’s announcement of its new acquisition, the story garnered extensive media attention, with articles published in:
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