NextEra to acquire a 22.5% stake in Meade fro Ares for $286m.

NextEra Energy, a Fortune 200 energy company is set to acquire a 22.5% stake in Central Penn Line, a 185-mile intrastate natural gas pipeline that is an integral part of a pipeline system regulated by the Federal Energy Regulatory Commission from Ares Management, a private equity firm for $286m. The transaction is expected to close in the fourth quarter of 2019, subject to closing conditions and regulatory approvals. “Our Meade Pipeline investment demonstrates Ares’ investment strategy to partner in the development of critical infrastructure assets, bring them online and ultimately create value for our fund investors," Keith Derman, Ares Partner.