Faegre Baker Daniels is proud to be the legal adviser to Black Hills Corp. in acquiring SourceGas Holdings LLC in a deal with total consideration approximating $1.89 billion. The parties entered into a definitive agreement on July 12, with completion expected in the first half of 2016.
This deal combines two well-known utility operators. The combined entity will operate as Black Hills Energy, and will serve more than 1.2 million electric and natural gas utility customers across eight states.
John Marcil and Matt Stamski, partners in FaegreBD’s corporate practice in Boulder, led the transactional team, which included more than 10 attorneys in practices spanning tax, benefits, securities, labor and employment, intellectual property and more.
To learn more about the transaction, see Black Hills’ press release.
This announcement has received national media attention in outlets including Bloomberg and the Wall Street Journal.