Progress Energy Overview

  • Year Founded
  • 1925

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 29,060

Employees

  • Latest Deal Type
  • Debt Refin.

  • Financing Rounds
  • 9

  • Investments
  • 3

Progress Energy General Information

Description

Operator of electric utility companies serving the states of North and South Carolina. The company is primarily engaged in the generation, transmission, distribution and sale of electricity.

Contact Information

Ownership Status
Acquired/Merged
Financing Status
Corporate Backed or Acquired
Primary Industry
Electric Utilities
Acquirer
Corporate Office
  • Post Office Box 1771
  • Raleigh, NC 27602
  • United States

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Progress Energy Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Progress Energy Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of electric utility companies serving the states of North and South Carolina. The company is primarily engaged
Electric Utilities
Raleigh, NC
29,060 As of 2017
00.000
000000000 00 00.000

0000 0

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00000000 000000000
Pensacola, FL
0000 As of 0000
00000
00.000 0000-00-00
000000&0 00000

000000

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00000000 000000000
Akron, OH
00000 As of 0000
000.00
000000000 00 000.00
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Progress Energy Competitors (6)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Gulf Power Corporate Backed or Acquired Pensacola, FL 0000 00000 000000&0 00000
FirstEnergy Corporation Akron, OH 00000 000.00 000000000 00 000.00
Southern Company Private Debt Financed Atlanta, GA 00000 000.00 000000000 00 000.00
Dominion Energy Private Equity-Backed Cayce, SC 00000 000.00 000000000 00 000.00
Florida Power & Light Private Debt Financed Juno Beach, FL 00000 000.00 000000000 000.00
To view Progress Energy’s complete competitors history, request access »

Progress Energy Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Progress Energy Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Progress Energy Investments & Acquisitions (3)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Entergy Wholesale Operations (30 Acre Site) 09-Jul-2001 000000000 Buildings and Property 0000 0000
Carolina Power and Light 08-Dec-2000 0000000000 Electric Utilities 0000000 0
AEP River Operations 01-Nov-2000 Merger/Acquisition Logistics
To view Progress Energy’s complete investments and acquisitions history, request access »

Progress Energy Subsidiaries (2)

Company Name Industry Location Founded
Progress Energy Pension Plans Master Trust Corporate Pension Charlotte, NC 2007
Progress Telecom Internet Service Providers St. Petersburg, FL 0000
To view Progress Energy’s complete subsidiaries history, request access »

Progress Energy Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
AEP River Operations 01-Nov-2000 000000000000000000 Completed
  • 00000000 000000
To view Progress Energy’s complete exits history, request access »

Progress Energy FAQs

  • When was Progress Energy founded?

    Progress Energy was founded in 1925.

  • Where is Progress Energy headquartered?

    Progress Energy is headquartered in Raleigh, NC.

  • What is the size of Progress Energy?

    Progress Energy has 29,060 total employees.

  • What industry is Progress Energy in?

    Progress Energy’s primary industry is Electric Utilities.

  • Is Progress Energy a private or public company?

    Progress Energy is a Private company.

  • What is Progress Energy’s current revenue?

    The current revenue for Progress Energy is 000000.

  • How much funding has Progress Energy raised over time?

    Progress Energy has raised $1.15B.

  • Who are Progress Energy’s investors?

    Carolina Power and Light has invested in Progress Energy.

  • Who are Progress Energy’s competitors?

    Gulf Power, FirstEnergy, Southern Company, Dominion Energy, and Florida Power & Light are some of the 6 competitors of Progress Energy.

  • When was Progress Energy acquired?

    Progress Energy was acquired on 14-Mar-2024.

  • Who acquired Progress Energy?

    Progress Energy was acquired by Duke Energy.

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