ALLETE, Inc.

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ALLETE, Inc. - overview

Established

1906

Location

-, MN, US

Primary Industry

Power & Utilities

About

ALLETE Clean Energy is a U. S. -based company specializing in the generation and distribution of renewable energy, with a strong commitment to sustainability and a diverse energy portfolio. Founded in 1906, ALLETE Clean Energy focuses on clean energy solutions, operating primarily in the United States with headquarters in Duluth, Minnesota.


The company's strategic vision emphasizes the generation of renewable energy and the provision of utility services to residential, commercial, and industrial clients. The CEO, Bethany Owen, leads a company that has undertaken significant investments in energy-centric businesses and has a vision to transition toward a more sustainable energy landscape. ALLETE Clean Energy offers a wide range of energy-related products and services, focusing on the generation and distribution of clean and sustainable energy. It operates regulated utilities providing electricity to various sectors, with a commitment to integrating 50% renewable energy into its energy mix.


The company also invests in energy infrastructure and businesses, positioning itself to meet the increasing demand for renewable energy solutions across the Midwest and Northeast regions of the U. S. ALLETE generates revenue primarily through its regulated utility operations and investments in energy, derived from selling electricity to residential, commercial, and industrial customers. Its pricing strategy aligns with regulatory frameworks and market conditions, ensuring reliable and affordable energy services.


Partnerships with energy-centric businesses further contribute to diversified revenue streams, emphasizing the company's focus on sustainability while meeting customer needs effectively.


Primary Industry

Power & Utilities

Sub Industries

Power Generation Equipment & Services, Water & Sewer Utilities

Website

www.allete.com

Verticals

Clean Technology

Total Amount Raised

Subscriber access only

ALLETE, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedU.S. Water Services-

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