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  6. EQT and NextEra Energy Acquire Mountain Valley Pipeline

M&A Deal Summary

EQT and NextEra Energy Acquire Mountain Valley Pipeline

On September 10, 2014, EQT and NextEra Energy acquired construction company Mountain Valley Pipeline

Acquisition Highlights
  • This is EQT’s 1st and NextEra Energy’s 1st transaction in the Construction sector.
  • This is EQT’s 5th and NextEra Energy’s 2nd transaction in the United States.
  • This is EQT’s 4th and NextEra Energy’s 1st transaction in Pennsylvania.
Investment Fate
  • Mountain Valley Pipeline was sold to a consortium of strategic buyers in 2015.

M&A Deal Summary
Date 2014-09-10
Target Mountain Valley Pipeline
Sector Construction
Buyer(s) EQT
NextEra Energy
Deal Type Joint Venture

Target

Mountain Valley Pipeline

Pittsburgh, Pennsylvania, United States
Mountain Valley Pipeline LLC is a proposal to build a pipeline to bring natural gas.

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Buyer(S) 2

Buyer

EQT

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1878
Sector Oil/Gas Exploration
Employees881
Revenue 5.1B USD (2023)
DESCRIPTION
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.

EQT is an integrated energy company, with an emphasis on Appalachian area natural gas supply, transmission and distribution. EQT was founded in 1878 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 5 of 12
Sector (Construction) 1 of 1
Type (Joint Venture) 1 of 1
State (Pennsylvania) 4 of 8
Country (United States) 5 of 12
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 EQT Gathering Jupiter Natural Gas Gathering System

Pennsylvania, United States

EQT Gathering Jupiter Natural Gas Gathering System comprises a natural gas gathering system covering an area of approximately 35 miles, with a compressor station, which has approximately 150 MMcf per day compression capacity and another compressor station, which has approximately 75 MMcf per day compression capacity.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 EQT Gathering Marcellus Gathering System

United States

EQT Gathering Marcellus Gathering System, comprises 100 miles of gathering pipeline and 9 compressor units providing approximately 25,000 horsepower and offers gathering and compressing natural gas for affiliates and third parties.

Sell $1.1B
Buyer

NextEra Energy

Juno Beach, Florida, United States
Category Company
Founded 1925
Sector Utilities
Employees16,800
Revenue 24.8B USD (2024)
DESCRIPTION

NextEra Energy is a clean energy company, more than 42,000 megawatts of generating capacity. NextEra Energy was founded in 1925 and is based in Juno Beach, Florida.

DEAL STATS #
Overall 2 of 5
Sector (Construction) 1 of 2
Type (Joint Venture) 1 of 1
State (Pennsylvania) 1 of 2
Country (United States) 2 of 5
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-20 Gexa

Houston, Texas, United States

Gexa Energy, LP is an fastest growing retail electricity providers in Texas, serving approximately 1,000 megawatts of peak load associated with over 120,000 small commercial and residential customers throughout the state.

Buy $81M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-11 Mountain Valley Pipeline

Pittsburgh, Pennsylvania, United States

Mountain Valley Pipeline LLC is a proposal to build a pipeline to bring natural gas.

Sell -
Mergr

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