Presque Isle Electric & Gas Co-op Acquires Aurora Gas Co.
June 10, 2024
Presque Isle Electric & Gas Co-op (PIE&G) has purchased all outstanding stock of Aurora Gas Co., bringing Aurora’s roughly 2,800 natural gas accounts into PIE&G’s membership. The acquisition expands PIE&G’s natural gas service footprint by about 28%, increases its membership base, and preserves the investment of the selling Tierney family in the Onaway, Michigan community.
- Buyers
- Presque Isle Electric & Gas Co-op (PIE&G)
- Targets
- Aurora Gas Co.
- Sellers
- John and Helen Tierney family
- Industry
- Utilities
- Location
- Michigan, United States
- Transaction Type
- Buyout
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