M&A Deal Summary

GridLiance GP Acquires Electric Energy - Electric Transmission Assets

On March 2, 2020, GridLiance GP acquired utilities company Electric Energy - Electric Transmission Assets from Electric Energy

Acquisition Highlights
  • This is GridLiance GP’s 2nd transaction in the Utilities sector.
  • This is GridLiance GP’s 2nd transaction in the United States.
  • This is GridLiance GP’s 1st transaction in Illinois.

M&A Deal Summary

Date 2020-03-02
Target Electric Energy - Electric Transmission Assets
Sector Utilities
Buyer(s) GridLiance GP
Sellers(s) Electric Energy
Deal Type Divestiture

Target

Electric Energy - Electric Transmission Assets

Illinois, United States
Electric Energy, Inc. - Electric Transmission Assets comprises six 161-kV transmission lines that cross the Ohio River and related substation infrastructure.

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Buyer(S) 1

Buyer

GridLiance GP

Chicago, Illinois, United States

Category Company
Founded 2014
Sector Energy Services and Equipment
DESCRIPTION

GridLiance GP LLC is an independent transmission company focused on working with municipal utilities, joint action agencies and electric cooperatives to solve transmission issues and manage transmission costs.


DEAL STATS #
Overall 2 of 2
Sector (Utilities) 2 of 2
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Valley Electric Association - Transmission System

Pahrump, Nevada, United States

Valley Electric Association, Inc. - Transmission System is a provider of electric utilities services in US.

Buy -

Seller(S) 1

SELLER

Electric Energy

Joppa, Illinois, United States

Category Company
Sector Utilities
DESCRIPTION

Electric Energy, Inc. is an electric transmission utility company based in Joppa, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1