Wednesday, June 24, 2015

NextEra Energy hires The Boston Consulting Group for Hawaiian Electric Co. deal


NextEra Energy Inc., which is proposing to buy Hawaiian Electric Co. for $4.3 billion, has hired The Boston Consulting Group as an integration consultant, according to public documents.

 

The selection of one of the world's largest management consulting firms, which has 81 offices in 45 countries and is one of the “Big Three” in its industry, sets in motion the integration planning process for the sale.

 

In March, NextEra Energy CEO Jim Robo directed the company to retain an integration consultant upon completion of a successful shareholder vote in May by Hawaiian Electric's parent, Hawaiian Electric Industries. But HEI did not get enough of its shareholders to approve the sale at that time, which led to an extension of the vote to June 10, when it was approved. That enabled NextEra Energy to move ahead with the hiring of The Boston Consulting Group.

 

The cost of The Boston Consulting Group’s services were redacted in the document.

 

Both NextEra Energy and Hawaiian Electric also have added more team members to establish a core integration management office, which established guiding principles and a preliminary team structure. The office also began culture assessment planning and started to develop its first executive steering committee.


see more: http://www.bizjournals.com/pacific/news/2015/06/23/nextera-energy-hires-the-boston-consulting-group.html

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