NextEra Energy will purchase Caliber Resource Partners and launch a joint venture to manage U.S. shale assets.
NextEra Energy (NEE) has agreed to acquire Caliber Resource Partners, a U.S. oil and gas investment firm, for $1.3 billion. The deal includes a separate joint venture with Caliber’s private equity backer, Quantum Capital Group, to oversee the company’s shale assets in the U.S.
The acquisition marks NextEra’s expansion into oil and gas investments, complementing its existing renewable energy portfolio. No prior valuation or consensus estimates were disclosed for the transaction.
Details on market reactions or further strategic implications were not provided in the report.