About Fortis Inc.
Fortis Inc. is a company founded in 1987. It operates as a Subscription Services. The company has 9,800 employees as of December 31, 2024. Fortis Inc. has completed 3 acquisitions, including CH Energy, ITC Holdings and UNS Energy Corporation. Fortis Inc. offers products and services including Energy Delivery and Transmission and Distribution.
- Employees 9800 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fortis Inc.
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Annual Revenue
$8 B (USD)-0.08as on Dec 31, 2024
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Net Profit
$1.17 B (USD)6.8as on Dec 31, 2024
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EBITDA
$3.63 B (USD)7.45as on Dec 31, 2024
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Latest Funding Round
$375.79 M (USD), Post-IPO
Nov 25, 2019
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Investors
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Employee Count
9800
as on Dec 31, 2024
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Investments & Acquisitions
CH Energy
& 2 more
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IPO & Listings of Fortis Inc.
Fortis Inc. is a publicly listed company on the TSX with ticker symbol FTS in Canada, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Fortis Inc.
Fortis Inc. offers a comprehensive portfolio of products and services, including Energy Delivery and Transmission and Distribution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Energy is delivered through regulated electric and gas utilities.
Infrastructure for energy transmission and distribution is managed.
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Funding Insights of Fortis Inc.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $375.8M
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First Round
First Round
(21 Mar 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Post-IPO - Fortis Inc. | Valuation |
investors |
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| Mar, 2018 | Amount | Post-IPO - Fortis Inc. | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Fortis Inc.
Fortis Inc. has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CH Energy, ITC Holdings and UNS Energy Corporation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Independent electricity transmission services are provided across the United States.
|
2000 | ||||
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Distributor of electricity and natural gas to customers in New York State
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1998 | ||||
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Electricity and natural gas are provided and distributed to customers.
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1892 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Fortis Inc.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fortis Inc. Comparisons
Competitors of Fortis Inc.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fortis Inc.
Frequently Asked Questions about Fortis Inc.
When was Fortis Inc. founded?
Fortis Inc. was founded in 1987 and raised its 1st funding round 31 years after it was founded.
How many employees does Fortis Inc. have?
As of Dec 31, 2024, the latest employee count at Fortis Inc. is 9,800.
What is the annual revenue of Fortis Inc.?
Annual revenue of Fortis Inc. is $8B as on Dec 31, 2024.
What does Fortis Inc. do?
Fortis Inc. is established as a prominent entity in the North American regulated electric and gas utility sector. Operations are focused on energy delivery to approximately 3.5 million customers. The company manages a vast network of transmission and distribution assets, constituting 93 of its portfolio. Emphasis is placed on sustainability and cleaner energy strategies. Solutions are provided to adapt to climate challenges and ensure resiliency. Community engagement and indigenous relationships are prioritized alongside innovation in energy solutions.
What products or services does Fortis Inc. offer?
Fortis Inc. offers Energy Delivery and Transmission and Distribution.
Is Fortis Inc. publicly traded?
Yes, Fortis Inc. is publicly traded on TSX under the ticker symbol FTS.
How many acquisitions has Fortis Inc. made?
Fortis Inc. has made 3 acquisitions, including CH Energy, ITC Holdings, and UNS Energy Corporation.
What is Fortis Inc.'s ticker symbol?
The ticker symbol of Fortis Inc. is FTS on TSX.
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