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Company profile: Allete

1.1 - Company Overview

Allete Logo

Allete

Headquarter: United States
Founded: 20XX🔒
Employees: 100-500🔒

Company description

  • Provider of regulated electric, water, and natural gas utility services via Minnesota Power (serving 150,000 customers in northern Minnesota) and Superior Water, Light & Power; develops, acquires, and manages clean and renewable energy, distributed solar projects, operates wind facilities, and mines North Dakota lignite supplying two electric generating cooperatives.

Products and services

  • Minnesota Power: Delivers regulated utility-grade electricity to 150,000 customers, including 14 municipal systems and large industrial users, across a 26,000-square-mile service territory in northern Minnesota
  • Superior Water, Light & Power: Supplies regulated-utility electricity, water, and natural gas in and around Superior, Wisconsin, delivering combined energy and water services locally
  • ALLETE Clean Energy: Develops utility-scale clean and renewable energy projects, acquiring and managing assets for utilities, cooperatives, municipalities, independent power marketers, and large end-users across North America

Key contacts

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Financial details

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1.2 - Competitors and similar companies to Allete

Primus Wind Power Logo

Primus Wind Power

HQ: United States Website
  • Description: Provider of micro-wind turbines for off-grid land-based and marine applications, including AIR 30, AIR 40, AIR Silent X, AIR Breeze, AIR X Marine, and AIR MaX. Solutions optimized for high and low-to-moderate wind conditions, trusted in challenging marine environments, and designed for quiet, efficient energy production; ideal for hybrid combinations with solar PV to offset seasonal variations.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Primus Wind Power company profile →
BluEarth Renewables Logo

BluEarth Renewables

HQ: Canada Website
  • Description: Provider of renewable power via wind, solar, and hydro projects in North America, with a primary focus in Canada. Services include acquisition of development and operating facilities; development (market analysis, site identification, stakeholder relationship building); construction and operation; and regulatory and permitting consultation to ensure responsible siting, building, and operation of facilities.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full BluEarth Renewables company profile →
Aer Soléir Logo

Aer Soléir

HQ: Ireland Website
  • Description: Provider of development, construction, and operation of utility-scale renewable energy projects, including onshore wind, solar PV, and battery energy storage systems across European markets. Offers hybrid projects combining solar, wind, and storage, and Development Services Agreements partnering with local developers to co-develop renewable projects.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Aer Soléir company profile →
First Wind Logo

First Wind

HQ: United States Website
  • Description: Provider of wind energy as an independent North American company focused exclusively on developing, owning, and operating wind farms in the northeastern and western U.S. and Hawaii; currently producing 504 MW from seven operating wind farms.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full First Wind company profile →
AWE Wind Logo

AWE Wind

HQ: Canada Website
  • Description: Provider of wind turbines to the wind power industry.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full AWE Wind company profile →
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2.M&A buyers

2.1 Potential strategic acquirers in the sector

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2.2 - Strategic buyer groups for Allete

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Buyer group 1: ████████ ████████

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Buyer group 2: ████████ ████████

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Buyer group 3: ████████ ████████

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3. Investors and private equity firms

3.1 - Buyout funds investing in similar companies to Allete

2.2 - Growth funds investing in similar companies to Allete

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4 - Top valuation comps for Allete

4.2 - Public trading comparable groups for Allete

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4.3 - M&A Transactions similar to Allete

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

About Allete

What does Allete do?

Allete is a provider of regulated electric, water, and natural gas utility services via Minnesota Power (serving 150,000 customers in northern Minnesota) and Superior Water, Light & Power; develops, acquires, and manages clean and renewable energy, distributed solar projects, operates wind facilities, and mines North Dakota lignite supplying two electric generating cooperatives.

Who are Allete's competitors?

Allete's competitors and similar companies include Primus Wind Power, BluEarth Renewables, Aer Soléir, First Wind, and AWE Wind.

Where is Allete headquartered?

Allete is headquartered in United States.

How many employees does Allete have?

Allete has 1,000 employees 🔒.

When was Allete founded?

Allete was founded in 2010 🔒.

What sector and industry vertical is Allete in?

Allete is in the Enterprise Software 🔒 sector and industry

M&A Buyers & Acquirers for Allete

Who are the top strategic acquirers in Allete's sector and industry

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Which M&A buyer groups are most relevant for Allete?

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Financial Investors investing in Allete's sector and industry vertical

Which are the top PE firms investing in Allete's sector and industry vertical?

Top PE firms investing in Allete's sector and industry vertical include ████████, ██████████, ████████, and ██████████ 🔒.

Who are the top buyout funds acquiring in Allete's sector and industry vertical?

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Who are the top growth equity funds investing in companies in Allete's sector and industry vertical?

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Valuation benchmarks of companies in Allete's sector and industry

Which are the key public companies that are relevant trading comps benchmarks for Allete?

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What are recent M&A transactions in Allete's sector and industry vertical?

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What are recent capital raises and funding rounds in Allete's' sector and industry vertical?

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