McGuireWoods represented EDF Trading Holdings LLC in the sale of EDF Energy
Services (EDFES), a leading supplier of power, natural gas and related
services to commercial and industrial customers across the United States,
EDFES is the retail business of EDF Trading North America. Its customers
are primarily large corporations and public entities, including retailers,
universities, manufacturers and producers, municipalities and power
generators. The acquisition expands BP’s capability to deliver energy and
additional services directly to large end-user customers in new and
existing markets and brings new opportunities for enhanced lower carbon
integrated energy solutions.
The agreement, announced on Sept. 12, 2022, includes the purchase of 100%
of the membership interests of EDFES. Subject to regulatory approvals, the
deal is expected to close by the end of the year.
Eddy Daniels, Baltimore partners
Brian Kelly and
Heather Arbogast, and Richmond associate
Jake Spilman led the McGuireWoods deal team advising EDFES.
“We’re very proud that EDF placed their confidence in us to represent them
in a deal that was strategically important for the future of EDF and BP,”
McGuireWoods consistently ranks among the leaders in U.S. and global
M&A deals in league tables published by
Bloomberg and Refinitiv. The firm’s
energy industry team brings together legal, policy, energy technology and business experience to
provide integrated services to clients across sectors.