National Gas

National Gas

Operating Great Britain's national gas transmission network.

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investor investor

€0.0

round
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N/A

Secondary
Total Funding000k
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The story of National Gas isn't one of a startup born in a garage, but of a strategic carve-out from an established giant. For years, the UK's high-pressure gas transmission system was an integral part of National Grid plc, a massive utility company. The system itself is the backbone of Britain's energy, a sprawling network of over 5,000 miles of pipeline that transports gas across the country. The major shift happened in March 2022, when National Grid announced its decision to sell a majority stake in its gas transmission and metering business. This was a strategic pivot, allowing National Grid to focus more on electricity. A consortium of long-term infrastructure investors, led by Macquarie Asset Management and including British Columbia Investment Management Corporation, stepped in to acquire a 60% stake. By January 2023, the deal was done, and a new, standalone entity was born: National Gas. This wasn't just a simple transfer of assets; it marked the creation of a new, focused player in the UK's energy landscape, headed by CEO Jon Butterworth. The acquisition unfolded in stages. The consortium increased its stake to 80% and, by September 2024, completed the acquisition of the final 20%, making National Gas fully independent from its former parent. The entire transaction for 100% of the company was valued at approximately £3.6 billion.

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