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Trusted by
Acquiring Company
SEMCO
Acquired Company
Xcel 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.
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.
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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