Announced
Completed
Financials
Tags
Domestic
Private
Friendly
Acquisition
Majority
Single Bidder
natural gas
United States
Gas Distribution
Completed
Synopsis
Chesapeake Utilities, a diversified energy delivery company, completed the acquisition of Florida City Gas, a natural gas distribution company, from NextEra Energy, a clean energy company, for $923m. "We are pleased to formally welcome Florida City Gas and excited about the opportunities we can pursue given our combined capabilities. The integration of our businesses creates a compelling foundation: one focused on driving sustainable earnings growth consistent with our long-term track record. Together, we'll strengthen our Florida presence, leveraging our core competencies and building upon our strong community and regulatory relationships, while continuing to meet the growing demand for natural gas," Jeff Householder, Chesapeake Chairman, President and CEO.
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