6.2.4.1Vertical

Municipal Electric & Gas Utilities

City-owned utilities providing combined electric and gas service.

Market snapshot

These figures describe Municipal Utilities (6.2.4), the segment that Municipal Electric & Gas Utilities sits within — not Municipal Electric & Gas Utilities on its own.

FragmentationFragmentedEstimate

Government-owned (municipal) utilities are largely excluded from the Economic Census (which covers private/taxable establishments) and span the utility NAICS codes; they are not separately sized here.

Business model & economics

Revenue model

Not-for-profit, cost-of-service public utility rates

Key economics

Recurring revenue
High

recurring, non-discretionary public service

EBITDA margin
Cost-of-service (not profit-driven)
Capex intensity
High

Characteristics

  • Publicly-owned, not-for-profit, cost-of-service utilities.
  • Serve a large share of U.S. customers.
  • Smaller systems face funding and scale constraints.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Investor-owned utility acquirers
  • Public-power & shared-services partners
  • Infrastructure investors (via concessions)

What’s driving deals

  • Acquisition of under-resourced municipal systems.
  • Infrastructure-renewal funding pressure.
  • Shared-services and public-power solutions.

Find Municipal Electric & Gas Utilities acquisition targets

Search Acquisera’s index for companies classified under Municipal Electric & Gas Utilities (6.2.4.1) and build a targeted deal pipeline.

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