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South Jersey Industries to be acquired for $8.1 billion

RECENTLY ACQUIREDAug 25, 2026•about 4 hours ago

Acquiring Company

South Jersey Industries

Acquired Company

Evergreen Capital

FolsomNew YorkEnergyOil And GasRenewable EnergyBiomass EnergyFinancial ServicesFinanceAngel Investment

Description

South Jersey Industries has announced an $8.1 billion acquisition. This news comes amid allegations of insider trading connected to the takeover. A former Bank of America banker is accused of providing a tip to a friend who profited significantly from the stock trades. Both the banker and his friend deny the allegations made by the SEC.

Company Information

Company

South Jersey Industries

Location

Folsom, California, United States

About

South Jersey Industries, Inc. is a publicly traded energy company. It provides natural gas and electric services to customers in southern New Jersey. The company operates in the regulated and non-regulated markets. Its services include energy generation and sales.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Evergreen Capital?

Evergreen Capital was acquired by South Jersey Industries, based in Folsom. The deal was reported on August 25, 2026. South Jersey Industries, Inc. is a publicly traded energy company. It provides natural gas and electric services to customers in southern New Jersey. The company operates in the regulated and non-regulated markets. South Jersey Industries is privately held and operates in Energy.

When did South Jersey Industries acquire Evergreen Capital?

South Jersey Industries's acquisition of Evergreen Capital was reported on August 25, 2026. South Jersey Industries has announced an $8.1 billion acquisition. This news comes amid allegations of insider trading connected to the takeover. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Evergreen Capital do?

Evergreen Capital is an investment management firm that focuses on asset management for families and individual clients. It was founded by Gavin Wolfe, who was previously a senior banker at notable financial institutions. It is privately held, operating in Financial Services, and is based in New York.

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