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SEMCO and UPPCO acquire Xcel Energy services

PRIVATEOct 07, 2026

Acquiring Company

SEMCO

Acquired Company

Xcel Energy

MichiganMinneapolisEnergyOil And GasRenewable EnergyBiomass EnergyEnergyRenewable Energy

Description

Xcel Energy announced the sale of its Michigan natural gas operations to SEMCO and electric operations to UPPCO on October 6th. This acquisition will transfer approximately 6,000 natural gas customers to SEMCO and 9,000 electric customers to UPPCO. Both companies have committed to maintaining service without interruption during the transition. The regulatory approval process is expected to take six to eight months.

Company Information

Company

SEMCO

Location

Michigan, United States

About

SEMCO is a natural gas utility company. It focuses on operations in Michigan and is committed to customer service and energy reliability. The company emphasizes growth and expansion in its service area. SEMCO aims to provide safe and renewable energy solutions.

Fundz sees it the moment SEMCO makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Xcel Energy?

Xcel Energy was acquired by SEMCO, based in Michigan. The deal was reported on October 7, 2026. SEMCO is a natural gas utility company. It focuses on operations in Michigan and is committed to customer service and energy reliability. The company emphasizes growth and expansion in its service area. SEMCO is privately held and operates in Energy.

When did SEMCO acquire Xcel Energy?

SEMCO's acquisition of Xcel Energy was reported on October 7, 2026. Xcel Energy announced the sale of its Michigan natural gas operations to SEMCO and electric operations to UPPCO on October 6th. This acquisition will transfer approximately 6,000 natural gas customers to SEMCO and 9,000 electric customers to UPPCO. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Xcel Energy do?

Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. It is publicly traded (XEL), operating in Energy, and is based in Minneapolis.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.