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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