Due Diligence Support of Utility Divestiture

An East coast utility faced with divesting gas manufacturing, gas transmission, and electric generating assets to fund the acquisition of major telecommunication facilities needed urgent records management assistance. Celerity initially helped counsel with the development of due diligence document collection criteria and performed on-site interviews to verify volumes and existence of data.  Celerity personnel then assisted with gathering the technical data from facilities across the nation and developed a deal room in support of the divestiture.  The data was organized by type including environmental, financial, operations, maintenance and others.  Access to the data was provided to bidders in a controlled environment.  Ultimately, the assets were sold for approximately 3 billion dollars.