Deal Description: bp North America has reached an agreement to purchase EDF Energy Services, LLC, expanding bp North America’s presence in the U.S. commercial & industrial retail power and gas business.
EDF Energy Services, LLC (“EDF ES”) is a leading supplier of power, natural gas and related services to C&I customers across the U.S.. Its customers are primarily large corporations and public entities, including retailers, universities, manufacturers and producers, municipalities and power generators. EDF ES has a wide geographical reach and a significant set of diverse C&I customers, expanding bp North America’s capability to deliver energy solutions and additional services directly to large end-user customers in new and existing markets.
The transaction is expected to close in late 2022 and is subject to customary regulatory approvals.
Baker Botts is representing bp North America.
The company’s press release may be found here.
Baker Botts Lawyers/Offices involved:
Global Projects: Elaine Walsh (Partner, Washington, D.C.), Dan Mark (Partner, Houston), Carlos Marquez (Associate, Washington, D.C.), Alexandra Hemmings (Associate, Washington, D.C.), Megan Lawhorne (Associate, Washington, D.C.), Sean O’Neill (Associate, Washington, D.C.), Alexander Reinert (Associate, Washington, D.C.), Mark Saunders (Associate, Washington, D.C.)
Energy Regulatory: Andrea Moore Stover (Partner, Austin), Ryan Norfolk (Special Counsel, Washington, D.C.), Landon Lill (Senior Associate, Austin)
Real Estate: Emily Quiros (Associate, Houston)
Tax: Matthew Larsen (Partner, Dallas), Jon Lobb (Partner, Houston), Peter Farrell (Special Counsel, Washington, D.C.)
Intellectual Property: Elizabeth Durham Flannery (Partner, Houston), Justine Gozzi (Special Counsel, New York), Julie Albert (Senior Associate, New York), Brad Henkelman (Associate, Houston)
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