M&A Deal Summary

NextEra Energy Acquires Gexa

On June 20, 2005, NextEra Energy acquired utilities company Gexa for 81M USD

Acquisition Highlights
  • This is NextEra Energy’s 1st transaction in the Utilities sector.
  • This is NextEra Energy’s 3rd largest (disclosed) transaction.
  • This is NextEra Energy’s 1st transaction in the United States.
  • This is NextEra Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2005-06-20
Target Gexa
Sector Utilities
Buyer(s) NextEra Energy
Deal Type Add-on Acquisition
Deal Value 81M USD

Target

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.

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Buyer(S) 1

Buyer

NextEra Energy

Juno Beach, Florida, United States
Category Company
Founded 1925
Sector Utilities
Employees16,800
Revenue 28.1B USD (2023)
DESCRIPTION

NextEra Energy is a clean energy company, more than 42,000 megawatts of generating capacity. 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.

DEAL STATS #
Overall 1 of 5
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 5
Year (2005) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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