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Corporation
FINANCIAL | Investment Banking
fortisinc.com

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Investments

2

Portfolio Exits

1

Partners & Customers

10

About Fortis

Fortis (TSX:FTS)(NYSE:FTS) is a leader in the North American electric and gas utility business, with total assets of approximately CAD$45 billion. Its regulated utilities and 8,000 employees serve customers at utility operations in five Canadian provinces, nine U.S. states, and three Caribbean countries.

Fortis Headquarter Location

5 Springdale Street Suite 1100

St. John's, Newfoundland and Labrador, A1B 3T2,

Canada

709-737-2800

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Fortis Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Fortis Rank

Latest Fortis News

A laptop from “HP” that meets the requirements of education and...

Jan 23, 2022

... HP launched the new Chromebook Fortis 14 G10, which aims to meet the requirements of the education sector. The American company explained that the new Chromebook Fortis 14 G10 comes with a 14-inch screen that works with a resolution of 1366 x 768 pixels or 1920 x 1080 pixels, and HP provides its new device with a touch screen optionally, and there is also a small HD webcam in the upper frame of the screen. , according to the German news agency. Multiple ports Inside the new Chromebook, there is an Intel Celeron or Pentium processor with 4 or 8 GB of RAM and 32, 64 or 128 GB of eMMC internal memory, which is enough to run the Chrome system and most office applications. The new Fortis 14 G10 Chromebook boasts several connectivity ports such as a USB-C port with Power Delivery support and DisplayPort, two USB-A ports, an HDMI out, a microSD memory card reader and a headphone port. The company indicated that the device starts at $ 349, and the battery capacity is 47 watts, and it can be recharged via the USB-C port with a capacity of 45 watts. The Chromebook body is extremely durable and withstands environmental impacts according to the protection class MIL-STD-810. Fortis 11 Two days ago, the American company “HP” announced the launch of the new Chromebook Fortis 11 G9 Q, where it explained that the new Chromebook is based on the Qualcomm 7c eight-core processor at a speed of 2.55 GHz from ARM. HP is promoting the new Fortis 11 G9 Q Chromebook by equipping it with two USB-C ports with Power Delivery and DisplayPort support, a USB-A port, a headphone port, a SIM card slot, a 720 webcam and a 47Wh battery. Which can be recharged with a capacity of 45 watts via the USB-C port. The company stated that the Chromebook body of this model is water-resistant according to the protection class MIL-STD810H and IP41. HP Corporation (also known as HP in English) is an American multinational information technology company headquartered in Palo Alto, California – United States. It develops personal computers, printers and related supplies, as well as 3D printing solutions. Launched on November 1, 2015, the company was renamed from the computer and personal printer divisions of the original Hewlett-Packard Corporation as Hewlett-Packard changed its name to HP. These were the details of the news A laptop from “HP” that meets the requirements of education and... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new. It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

Fortis Investments

2 Investments

Fortis has made 2 investments. Their latest investment was in Wataynikaneyap Power as part of their Corporate Minority on December 12, 2016.

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Fortis Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/16/2016

Corporate Minority

Wataynikaneyap Power

Yes

1

4/1/1992

Growth Equity

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$99M

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10

Date

12/16/2016

4/1/1992

Round

Corporate Minority

Growth Equity

Company

Wataynikaneyap Power

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Amount

$99M

New?

Yes

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Co-Investors

Sources

1

10

Fortis Portfolio Exits

1 Portfolio Exit

Fortis has 1 portfolio exit. Their latest portfolio exit was Quality Tubing on October 15, 1995.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/15/1995

Acquired

1

Date

10/15/1995

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

Fortis Acquisitions

1 Acquisition

Fortis acquired 1 company. Their latest acquisition was ITC Holdings on October 14, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/14/2016

$99M

Acq - P2P

4

Date

10/14/2016

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - P2P

Sources

4

Fortis Partners & Customers

10 Partners and customers

Fortis has 10 strategic partners and customers. Fortis recently partnered with Loyalty Brands on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/1/2021

Partner

Loyalty Brands

United States

12:40 ET Fortis Lux Financial and Loyalty Brands Form a Strategic Alliance

NEW YORK , Nov. 1 , 2021 / PRNewswire / -- Fortis , a premier financial service organization , today announced a strategic alliance with Ledgers USA , a Loyalty Brands company .

1

5/12/2017

Partner

Teck Resources

Canada

2

1/31/2017

Partner

Energy Impact Partners

United States

Fortis becomes strategic partner to Energy Impact Partners

Through its partnership with Energy Impact Partners LP , Fortis Inc. will make investments in emerging technologies of relevance to the utility industry .

1

4/5/2016

Vendor

Knauf Insulation

Belgium

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10

8/26/2015

Partner

Wataynikaneyap Power

Canada

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10

Date

11/1/2021

5/12/2017

1/31/2017

4/5/2016

8/26/2015

Type

Partner

Partner

Partner

Vendor

Partner

Business Partner

Loyalty Brands

Teck Resources

Energy Impact Partners

Knauf Insulation

Wataynikaneyap Power

Country

United States

Canada

United States

Belgium

Canada

News Snippet

12:40 ET Fortis Lux Financial and Loyalty Brands Form a Strategic Alliance

NEW YORK , Nov. 1 , 2021 / PRNewswire / -- Fortis , a premier financial service organization , today announced a strategic alliance with Ledgers USA , a Loyalty Brands company .

Fortis becomes strategic partner to Energy Impact Partners

Through its partnership with Energy Impact Partners LP , Fortis Inc. will make investments in emerging technologies of relevance to the utility industry .

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Sources

1

2

1

10

10

Fortis Team

6 Team Members

Fortis has 6 team members, including current Chief Executive Officer, Bruno Colmant.

Name

Work History

Title

Status

Bruno Colmant

Chief Executive Officer

Current

Bart De Smet

Chief Executive Officer

Current

David Hutchens

Tucson Electric Power, Alcatel, and U.S. Navy

Chief Executive Officer, President

Current

CeCe Morken

Senior Vice President

Former

Paddy Morrissey

Controller

Former

Name

Bruno Colmant

Bart De Smet

David Hutchens

CeCe Morken

Paddy Morrissey

Work History

Tucson Electric Power, Alcatel, and U.S. Navy

Title

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer, President

Senior Vice President

Controller

Status

Current

Current

Current

Former

Former

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