NextEra Energy Partners - M&A Summary and Business Overview

UtilitiesCompany

NextEra Energy Partners M&A Summary

NextEra Energy Partners has acquired 4 companies, including 3 in the last 5 years. It has also divested 2 assets.

NextEra Energy Partners’ largest acquisition to date was in 2019, when it acquired Meade Pipeline for $1.4B. It’s largest disclosed sale occurred in 2018, when it sold NextEra Energy Partners - Canadian Renewable Portfolio to CPP Investments for $689M. NextEra Energy Partners has acquired in 4 different US states. The Company’s most targeted sectors include energy services and equipment (25%) and oil/gas exploration (25%).

NextEra Energy Partners Business Overview

Where is NextEra Energy Partners headquartered?

NextEra Energy Partners is headquartered in Juno Beach, Florida.

What is NextEra Energy Partners’ revenue?

NextEra Energy Partners disclosed revenue of 1,078M USD for 2023 and 969M USD for 2022.

What sector is NextEra Energy Partners in?

NextEra Energy Partners is an utilities company.

When was NextEra Energy Partners founded?

NextEra Energy Partners was founded in 2014.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4

NextEra Energy Partners

NextEra Energy Partners LP

700 Universe Boulevard,
Juno Beach, Florida 33408
United States,
(561) 694-4000
www.nexteraenergypartners.com

NextEra Energy Partners acquires, manages, and owns contracted clean energy projects with stable, long-term cash flows. NextEra Energy Partners was founded in 2014 and is based in Juno Beach, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $1.4B $1.4B
Sell (0.0/yr) # 2 - - - - - 2
vol $689M $689M
  6

Most Recent M&A

Company Date Value Type
South Texas Midstream LLC 2019-12-10 - Joint Venture
, Texas
Meade Pipeline Co. LLC 2019-09-30 1.4B USD Add-on Acquisition
, United States
Gulf Power Co. 2019-01-01 - Divestiture
Pensacola, Florida · www.gulfpower.com
NextEra Energy Partners LP - Canadian Renewable Portfolio 2018-04-02 689M USD Divestiture
Juno Beach, Florida
NextEra Energy Partners LP - 223 MW Wind Power Portfolio 2018-01-18 - Divestiture
Juno Beach, Florida
Shafter Solar LLC 2015-02-27 - Add-on Acquisition
Shafter, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 1 (25%) - 1 (50%) 689M (100%)
Utilities 1 (25%) - 1 (50%) -
Energy Services and Equipment 1 (25%) 1.4B (100%) - -
Oil/Gas Exploration 1 (25%) - - -
Total 4 $1.4B 2 $689M

By Geo

State/Country Buy Value Sell Value
United States 4 1.4B 2 689M
  Florida 1 - 2 689M
  Texas 1 - - -
  California 1 - - -
Total 4 $1.4B 2 $689M

Deal Values

buy # Total
> $1B 1 $1.4B
TOTAL $1.4B
Largest Meade Pipeline Co. LLC
$1.4B (2019-09-30)
sell # Total
$100M to $1B 1 $689M
TOTAL $689M
Largest NextEra Energy Partners LP - Canadian Renewable Portfolio
$689M (2018-04-02)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Utilities

Revenue

1,078   12% 2023
969   35% 2022
722   22% 2021
917   8% 2020
855   11% 2019
771   5% 2018
807   13% 2017
715   52% 2016
471   57% 2015
301   69% 2014
179   2013
(millions of USD) Show More Show Less

Established

2014

Public

NYSE: NEP

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