M&A Deal Summary

Oncor Electric Delivery Acquires InfraREIT

On October 18, 2018, Oncor Electric Delivery acquired real estate company InfraREIT for 1.3B USD

Acquisition Highlights
  • This is Oncor Electric Delivery’s 1st transaction in the Real Estate sector.
  • This is Oncor Electric Delivery’s largest (disclosed) transaction.
  • This is Oncor Electric Delivery’s 1st transaction in the United States.
  • This is Oncor Electric Delivery’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-10-18
Target InfraREIT
Sector Real Estate
Buyer(s) Oncor Electric Delivery
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Evercore Group (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

InfraREIT

Dallas, Texas, United States
website
InfraREIT, Inc. is engaged in owning and leasing rate-regulated electric transmission assets in the state of Texas and is structured as a real estate investment trust. InfraREIT is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Oncor Electric Delivery

Dallas, Texas, United States

website

Category Company
Founded 2001
Sector Energy Services and Equipment
DESCRIPTION

Oncor Electric Delivery Company LLC is the largest electricity transmission and distribution company in Texas, and one of the largest in the US. Oncor Electric Delivery was founded in 2001 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal