Announced
Completed
Financials
Tags
Completed
United States
electricity transmission services
Majority
Electricity Distribution
Friendly
Private Equity
Private
Domestic
Acquisition
Single Bidder
Synopsis
NextEra Energy, an energy company, completed the acquisition of GridLiance, an energy transmission company, from Blackstone, a private equity firm, for $600m. "We are very excited to be joining NextEra Energy Transmission at a pivotal time in the company's development. Our unique capabilities, proven track record, and tremendous growth prospects, coupled with NextEra's experience as a leading transmission owner, make this a great fit for both companies. We are also grateful for the support of Blackstone in founding GridLiance and for working closely with management over several years to build the company into a leading business focused on improving transmission system reliability and partnering with public power entities," Calvin Crowder, GridLiance President and CEO.
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