NextEra Energy - M&A Summary and Business Overview

UtilitiesCompany

NextEra Energy M&A Summary

NextEra Energy has acquired 5 companies. It has also divested 3 assets.

NextEra Energy’s largest acquisition to date was in 2018, when it acquired Southern - Florida Assets for $6.5B. It’s largest disclosed sale occurred in 2016, when it sold FPL FiberNet to Crown Castle International for $1.5B. NextEra Energy has acquired in 4 different US states. The Company’s most targeted sectors include construction (40%) and energy services and equipment (20%).

NextEra Energy Business Overview

Where is NextEra Energy headquartered?

NextEra Energy is headquartered in Juno Beach, Florida.

What is NextEra Energy’s revenue?

NextEra Energy disclosed revenue of 20,956M USD for 2022 and 17,069M USD for 2021.

How many employees does NextEra Energy have?

NextEra Energy has 15,000 employees.

What sector is NextEra Energy in?

NextEra Energy is an utilities company.

When was NextEra Energy founded?

NextEra Energy was founded in 1925.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity4
    • M&A Sell Activity3
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • M&A Advisors 4

NextEra Energy

NextEra Energy, Inc.

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

NextEra Energy is a clean energy company, more than 42,000 megawatts of generating capacity. Headquartered in Juno Beach, Florida, NextEra Energy's principal subsidiaries are Florida Power & Light Company, which serves approximately 4.6 million customer accounts in Florida. NextEra Energy was founded in 1925 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 $7.6B $7.6B
Sell (0.2/yr) # 2 - - - 1 - 3
vol $1.5B $923M $2.4B
  7

Most Recent M&A

Company Date Value Type
Florida City Gas 2023-09-26 923M USD Divestiture
Doral, Florida
Trans Bay Cable LLC 2018-11-19 1.0B USD Add-on Acquisition
San Francisco, California · www.transbaycable.com
Southern Co. - Florida Assets 2018-05-21 6.5B USD Divestiture
, Florida
FPL FiberNet LLC 2016-11-01 1.5B USD Divestiture
Miami, Florida · www.fplfibernet.com
Mountain Valley Pipeline LLC 2015-03-11 - Stake Sale
Pittsburgh, Pennsylvania · www.mountainvalleypipeline.info
Mountain Valley Pipeline LLC 2014-09-10 - Joint Venture
Pittsburgh, Pennsylvania · www.mountainvalleypipeline.info
Gexa Corp.(dba Gexa Energy, LP) 2005-06-20 81M USD Add-on Acquisition
Houston, Texas · www.gexaenergy.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Construction 2 (40%) - 1 (33%) -
Utilities 1 (20%) 81M (1%) 1 (33%) 923M (38%)
Energy Services and Equipment 1 (20%) 1.0B (13%) - -
Renewable Energy 1 (20%) 6.5B (86%) - -
Communications - - 1 (33%) 1.5B (62%)
Total 5 $7.6B 3 $2.4B

By Geo

State/Country Buy Value Sell Value
United States 5 7.6B 3 2.4B
  Pennsylvania 2 - 1 -
  Florida 1 6.5B 2 2.4B
  Texas 1 81M - -
  California 1 1.0B - -
Total 5 $7.6B 3 $2.4B

Top M&A Advisors

Financial Deals
UBS Investment Bank
1
Legal Deals
Ellison Schneider Harris & Donlan
1
Hogan Lovells
1
Pillsbury Winthrop Shaw Pittman LLP
1

Deal Values

buy # Total
> $1B 2 $7.5B
< $100M 1 $81M
TOTAL $7.6B
Largest Southern Co. - Florida Assets
$6.5B (2018-05-21)
sell # Total
> $1B 1 $1.5B
$100M to $1B 1 $923M
TOTAL $2.4B
Largest FPL FiberNet LLC
$1.5B (2016-11-01)

M&A Connections

Deals
Acquired from
Strategic(s)
40%
2 (40%)
Divested to
Strategic(s)
100%
3 (100%)

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