News & Knowledge
Troutman Sanders Closes Southern Company Merger with AGL Resources
ATLANTA – July 1, 2016 – Troutman Sanders announces the completion of Southern Company’s acquisition of AGL Resources, the largest natural gas only distribution company in the U.S.
AGL Resources is now a wholly owned subsidiary of Southern Company, which now has 11 electric and natural gas utilities with operations across the U.S. The transaction will create what Southern Company has described as a new "U.S.-leading electric and natural gas utility with approximately nine million utility customers in nine states."
Troutman Sanders advised Southern Company on due diligence, regulatory, tax, corporate disclosure and finance matters relating to the transaction. The deal, which was announced last August, closed in less than a year.
The Troutman Sanders team assisting Southern Company includes partners Kevin Greene, Eric Koontz, Roger Reigner, Bob Edwards, William Droze, Brandon Marzo and Frank Schiller, along with associates Allison Will and Melissa Oellerich.
For more information on the deal, see www.southerncompany.com.
About Troutman Sanders:
Troutman Sanders LLP is an international law firm with more than 650 lawyers in 16 offices located throughout North America and Asia. Founded in 1897, the firm’s lawyers provide counsel and advice in practically every aspect of civil and commercial law related to the firm’s core practice areas: Corporate, Energy and Industry Regulation, Finance, Litigation and Real Estate. Firm clients range from multinational corporations to individual entrepreneurs, federal and state agencies to foreign governments, and non-profit organizations to businesses representing virtually every sector and industry. See troutmansanders.com for more information.