ALLETE Revenue and Competitors

Duluth, MN USA

Location

N/A

Total Funding

Utilities

Industry

Estimated Revenue & Valuation

  • ALLETE's estimated annual revenue is currently $1.3B per year.(i)
  • ALLETE's estimated revenue per employee is $768,789
  • ALLETE's current valuation is $3.5B. (January 2022)

Employee Data

  • ALLETE has 1743 Employees.(i)
  • ALLETE grew their employee count by 5% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$102.6M373N/AN/AN/A
#2
$13020M106327%N/AN/A
#3
$14.3M7229%N/AN/A
#4
$5.5M310%N/AN/A
#5
$10.9M554%N/AN/A
#6
$11.1M5619%N/AN/A
#7
$21.8M994%N/AN/A
#8
$7.6M4323%N/AN/A
#9
$5.5M3115%N/AN/A
#10
$8.1M4615%N/AN/A
Add Company

ALLETE, Inc. is a diversified company operating in 43 states and nine Canadian provinces that is engaged in two business segments: Energy Services, which includes electric and gas services, coal mining and telecommunications, and Automotive Services, which includes a network of wholesale and total loss vehicle auctions, a finance company, a vehicle remarketing company, a company that provides vehicle inspection services to the automotive industry and its lenders, and a company that provides Internet-based parts location and insurance claim audit services nationwide.

keywords:N/A

N/A

Total Funding

1743

Number of Employees

$1.3B

Revenue (est)

5%

Employee Growth %

$3.5B

Valuation

N/A

Accelerator

ALLETE News

2022-04-19 - Allete closes on deal to buy New Energy Equity

Allete has closed on its $165.5 million acquisition of New Energy Equity, one of the nation's top distributed solar developers.

2022-04-17 - ALLETE Closes Acquisition of New Energy Equity, a Leading ...

ALLETE Closes Acquisition of New Energy Equity, a Leading Solar Development Company. April 15, 2022 11:00 AM Eastern Daylight Time. DULUTH, Minn.

2022-04-17 - Allete completes acquisition of New Energy Equity for $165m

In March this year, Allete had signed a definitive agreement to acquire 100% of New Energy Equity. Headquartered in Annapolis, Maryland, New...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$408.2M19441%N/A
#2
$1891.2M59517%N/A
#3
$2100M658410%N/A
#4
$3127.6M82747%N/A
#5
$10700M168372%N/A

ALLETE Executives


NameTitle
Mark SchoberCFO
Steve MorrisVice President, Chief Accounting Officer
Margaret ThickensVice President, Chief Legal Officer & Corporate Secretary
Bethany OwenPresident, CEO, and Chair of the Board of Directors
Steven MorrisSenior Vice President and Chief Financial Officer
Josh SkeltonVice President
Tim ThorpVice President of Investor Relations
Steve MorrisVice President, Chief Accounting Officer
Margaret ThickensVice President, Chief Legal Officer & Corporate Secretary
Don StellmakerVice President and Corporate Treasurer
Pat MullenSenior Vice President - ALLETE External Affairs
Clint SmithVice President
Bethany OwenPresident, CEO, and Chair of the Board of Directors
Robert AdamsSenior Vice President
Steven MorrisSenior Vice President and Chief Financial Officer
Patrick CutshallVice President - Treasurer
Al RudeckPresident - ALLETE Clean Energy