On the Record · South Jersey Industries

South Jersey Industries acquisitions, on the record

The businesses South Jersey Industries bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
ELK Word for word“In December 2019, the Company announced it had entered into an agreement to sell ELK to a third-party buyer, pending MPSC approval (see Note 1 to the consolidated financial statements).” 10-K for 2019	agreed divestiture	December 2019	—
MTF and ACB Word for word“In December 2019, the Company announced it had entered into an agreement to sell MTF and ACB to a third-party buyer for an initial sales price of $100.0 million, which includes working capital.” 10-K for 2019	agreed divestiture	December 2019	initial sales price of $100.0 million
ETG and ELK assets from Pivotal Utility Holdings, Inc. Word for word“On July 1, 2018, SJI, through its wholly-owned subsidiary SJIU, acquired the assets of ETG and ELK from Pivotal Utility Holdings, Inc., a subsidiary of Southern Company Gas (collectively, the "Acquisition"), for total consideration of $1.72 billion after the settlement of working capital.” 10-K for 2019	acquisition	July 1, 2018	total consideration of $1.72 billion after the settlement of working capital
AEP Word for word“On August 31, 2019, SJI, through its wholly-owned subsidiary SJEI, completed its acquisition of AEP for $4.0 million in total consideration.” 10-K for 2019	acquisition	August 31, 2019	$4.0 million in total consideration
retail gas business of SJE Word for word“On November 30, 2018, SJI sold the retail gas business of SJE for total consideration of $15.0 million.” 10-K for 2019	divestiture	November 30, 2018	total consideration of $15.0 million
solar assets Word for word“In July 2018, as part of the Transaction, Marina received a cash payment of $62.5 million for the sale of certain SRECs.” 10-K for 2019	divestiture	July 2018	cash payment of $62.5 million for the sale of certain SRECs
ACLE, BCLE, SCLE, SXLE, MCS, NBS and SBS Word for word“Also included in this segment are the activities of ACLE, BCLE, SCLE, SXLE, along with MCS, NBS and SBS, which were sold in October 2018 (see Note 1 to the consolidated financial statements).” 10-K for 2019	divestiture	October 2018	—
EnerConnex Word for word“On August 7, 2020, SJI, through its wholly-owned subsidiary SJEI, completed its acquisition of the remaining 75% of EnerConnex for total consideration of $7.5 million.” 10-K for 2020	agreed acquisition	On August 7, 2020	$7.5 million
Four rooftop solar LLCs owned by Marina Word for word“SJI, through its wholly-owned subsidiary Marina, acquired three LLCs on June 30, 2020, and acquired a fourth LLC on August 21, 2020.” 10-K for 2020	acquisition	—	—
35% interest in REV LNG Word for word“On December 23, 2020, SJI, through its wholly-owned subsidiary SJES, completed its acquisition of a 35% interest in REV LNG.” 10-K for 2020	acquisition	On December 23, 2020	—
Renewable natural gas development rights in certain dairy farms, previously owned by REV LNG Word for word“The total consideration for the 35% interest in REV LNG was $10.5 million while the total consideration for the development rights was $10.0 million.” 10-K for 2020	acquisition	—	$10.0 million
SJE retail gas business Word for word“On November 30, 2018, SJI sold the retail gas business of SJE for total consideration of $15.0 million.” 10-K for 2020	divestiture	November 30, 2018	$15.0 million

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2016-12-31	$0	—
2017-12-31	$0	$0
2018-12-31	$1.74 billion	$756.2 million
2019-12-31	$4 million	—
2020-12-31	$21.6 million	—
2021-12-31	$0	—

Deal filings since 2016

2023-02-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-02-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2022-12-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-09-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-07-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-09-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-04-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-04-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-11-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-08-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-04-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-02-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-01-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-12-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-05-30 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-03-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-01-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-12-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-12-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-07-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-07-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-07-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-07-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-06-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-04-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-04-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-01-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-10-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-09-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-08-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-08-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-01-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from South Jersey Industries’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.