PwC
Jeremy Fago is PwC’s U.S. energy, utilities and mining deals leader.
PUF talks with Jeremy Fago, PwC's leader on U.S. Energy, Utilities and Mining Deals, on a regular basis to stay up-to-date on the latest on the financial goings on in the energy and utilities industry. Fago never fails to illuminate the points of great consequence.
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PUF last spoke with Fago in February of this year, looking at how the pandemic caused an internal refocus at most companies, as Fago explained what that meant for M&A. Here you find a discussion on what to expect in M&A moving forward. It might not be what you expect.
PUF's Steve Mitnick: What's going on in the mergers and acquisitions front in energy and utilities?
Jeremy Fago: It's a continuation of some of what we've talked about in the past. There was an anticipation we would see a massive slowdown last year with the pandemic, but we really didn't see that as a result of the pandemic, specifically.
The industry went through massive consolidation in the latter part of the last decade. We anticipated a slowdown in some of the big deals, because a lot of those deals were done for future organic purposes, where platforms were purchased, where there was opportunity for growth, and deployment of capital into the long-term.