About This Deal

NEXTERA ENERGY INC acquired GridLiance (GridLiance Holdco, LP and GridLiance GP, LLC) for $660 million, a transaction completed in March 2021, structured as Acquisition.

GridLiance (GridLiance Holdco, LP and GridLiance GP, LLC) operates in NextEra Energy Transmission, is based in United States. NextEra Energy Transmission acquired GridLiance from affiliates of Blackstone. GridLiance owns about 700 miles of high-voltage transmission lines with FERC-set rates, spanning three regional transmission organizations and six states.

Advances NextEra's goal of building a leading competitive transmission business with high-quality regulated assets.

Deal Terms

Acquirer
NEXTERA ENERGY INC
Target
GridLiance (GridLiance Holdco, LP and GridLiance GP, LLC)
Value
$660 million
Date
March 2021
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
United States
Segment
NextEra Energy Transmission
Structure
Acquisition
Closed
March 31, 2021

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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