# NextEra Energy Transmission to acquire GridLiance for $660M

NextEra Energy Transmission entered into definitive agreements to acquire GridLiance from affiliates of Blackstone for approximately $660 million, including assumption of debt. GridLiance owns about 700 miles of high-voltage transmission lines.

- Type: Acquisition
- Announced: 2020-09-29
- Where: United States
- Value: $660.0M
- Status: announced
- Products: high-voltage transmission lines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Blackstone Group](https://endata.com/companies/2364.md) (partner)
- [NextEra Energy Transmission](https://endata.com/companies/35555.md) (acquirer)
- [GridLiance](https://endata.com/companies/50212.md) (target)

## Sources

- [investor.nexteraenergy.com](https://www.investor.nexteraenergy.com/news-and-events/news-releases/2020/09-29-2020-211608333), 2020-09-29: "This acquisition furthers our goal of creating America's leading competitive transmission company and is consistent with our strategy of adding high-quality regulated assets to our portfolio."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.