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January 9, 2025
KKR, PSP To Buy 20% Stake In AEP Units
KKR and PSP have formed a 50/50 partnership that will buy a 19.9 percent interest in AEP's Ohio and Indiana & Michigan transmission companies for $2.82 billion....
By Dealmakers Staff
December 7, 2023
Nvenergy-Led Consortium Completes Purchase Of American Electric Power's Unregulated Renewables Portfolio
Invenergy, a privately held developer, owner, and operator of sustainable energy solutions, announced IRG Acquisition Holdings (IRGAH), a partnership between Invenergy, CDPQ and funds managed by...
By Staff Reports
June 29, 2023
In This Economy, Buyers Must Look Deeper
Given the volatility in today's Market, Emily Martin, president of Aschinger Electric - A Guarantee Electrical Company, says both buyers and sellers are facing economic pressures that are impacting...
By Adam Burroughs
March 10, 2023
Vistra Corp acquires Beaver Valley Power Station
Texas energy company Vistra Corp. is acquiring Energy Harbor, owners of the Beaver Valley Power Station, for $3.4 billion. Harbor's nuclear and retail businesses will merge with Vistra's under a newly...
By Dan Pender
June 17, 2020
Equitrans Midstream, EQM complete merger
Equitrans Midstream Corp. and EQM Midstream Partners LP have completed the acquisition of all of the outstanding common units representing limited partner interests in EQM that it did not already own....
By Jayne Gest
February 27, 2020
FirstEnergy Solutions Emerges From Chapter 11 Restructuring As Energy Harbor
The company serves nearly one million residential, commercial and industrial customers and has 2,600 employees....
By Mark Scott
February 26, 2020
EQT exchanges half its equity stake in Equitrans Midstream
Pittsburgh-headquartered EQT Corp. has exchanged 50 percent of its equity stake in Equitrans Midstream Corp. for $52 million in cash and substantial incremental fee relief....
By Jayne Gest
January 31, 2020
Westinghouse closes Rolls-Royce Civil Nuclear purchase
Westinghouse Electric Co. has completed its acquisition of Rolls-Royce’s Civil Nuclear Systems and Services business in North America and in select sites in Europe. The deal represents a strategic investment in expanding the company’s nuclear products and services offerings ....
By Jayne Gest
January 15, 2020
EQT prices senior notes
Pittsburgh-headquartered EQT Corp. has priced an offering of $1 billion of its 6.125 percent senior notes due Feb. 1, 2025 and $750 million of its 7 percent senior notes due Feb. 1, 2030....
By Jayne Gest
January 8, 2020
Westinghouse buys UK inspection company, InCon
Westinghouse Electric Co. has acquired Inspection Consultants Limited, a U.K.-based provider of inspection services. This acquisition strengthens Westinghouse’s ability to support its existing operating nuclear fleet, as well as in-service inspection customers outside of the nuclear industry....
By Jayne Gest
December 11, 2019
Huron Capital-Backed Albireo Energy Buys Quality Building Controls
The acquisition of QBC is expected increase Albireo's presence in the Southeast and extend the company's customer base in Florida, providing additional recurring revenue....
By Mark Scott
November 8, 2019
Arsenal Resources works through bankruptcy with recapitalization
As part of its Chapter 11 bankruptcy, Arsenal Resources Development LLC will pursue a recapitalization transaction that includes a $100 million new equity investment made by Chambers Energy Capital and Mercuria Energy Co., two of the company’s most significant lenders, and a substantial deleveraging of ARD’s balance sheet....
By Jayne Gest
November 4, 2019
UTI sells company to ESOP trust
Utility Technologies International Corp., a service provider to the natural gas pipeline industry, has sold 100 percent of the company to an employee stock ownership plan trust. The selling shareholders saw an ESOP as a way to not only capitalize on their investment but ensure the cultural legacy of the company....
By Jayne Gest
November 4, 2019
TriMas Sells Lamons Business In $135M Deal
TriMas Co. LLC, a wholly-owned subsidiary of TriMas Corp., has entered into a definitive agreement to sell its Lamons business to First Reserve, a private equity firm focused on energy investing, for $135 million in cash....
By Mark Scott
October 30, 2019
FirstEnergy Extends Lease To Retain Akron HQ
As part of the agreement, Ann Arbor, Michigan-based McKinley will make substantial capital contributions to FirstEnergy over the next five years for workspace modernization and updates....
By Mark Scott
October 18, 2019
DTE Midstream Expands Growth Platform With $2.25B Acquisition
The company has agreed to acquire a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana for a purchase price of $2.25 billion in cash, plus a $400 million milestone payment upon completion of the gathering pipeline in the second half of 2020....
By Mark Scott
October 15, 2019
Eaton Agrees To Sell Lighting Business In $1.4B Deal
The decision to sell the lighting business comes after completing a comprehensive review of various potential transaction alternatives to maximize shareholder value....
By Mark Scott
September 26, 2019
Westinghouse to buy Rolls-Royce nuclear business
Westinghouse Electric Co. has agreed to acquire Rolls-Royce’s Civil Nuclear Systems and Services business in North America, expanding the Cranberry Township-headquartered company’s global capabilities in digital, engineering services, plant automation and monitoring systems, field services and manufacturing....
By Jayne Gest
September 17, 2019
Huron Capital-Backed Albireo Makes 10th Add-On Acquisition
Huron Capital formed Albireo in 2014 with the goal of building an industry leader in the fast-growing U.S. market for energy efficiency, building automation and energy management....
By Mark Scott
August 16, 2019
Arconic sells RTI Energy Systems
Hunting PLC, the international energy services group, has completed its acquisition of the business and assets of RTI Energy Systems Inc. for $12.5 million cash from Arconic Inc., an Alcoa spin-off that plans to split into two separate companies....
By Jayne Gest
July 25, 2019
Nikola Labs raises $4.45M in venture funding
Westerville’s Nikola Labs LLC has raised $4.45 million in venture funding from Break Trail Ventures, Cyprus-based JibJigger R and other undisclosed investors. Break Trail Ventures is an early-stage venture fund based in Columbus and Boulder, Colorado....
By Jayne Gest
July 24, 2019
AEP closes Texas wind project deal
The transaction is part of the Columbus company’s long-term strategy to diversify its power plant portfolio....
By Jayne Gest
July 19, 2019
Range Resources sells $634M in assets
The natural gas producer has agreed to sell a royalty interest in 350,000 acres in southwest Appalachia for $600 million and also sold non-producing acreage in Pennsylvania for $34 million....
By Jayne Gest
July 18, 2019
Huron Capital's Albireo Energy Buys Alabama Controls
Huron Capital formed Albireo in 2014 with the goal of building an industry leader in the fast-growing U.S. market for energy efficiency, building automation and energy management....
By Mark Scott
July 15, 2019
AEP to buy three Oklahoma wind farms
If approved, total investment in the wind projects would be nearly $2 billion, inclusive of all costs....
By Jayne Gest
July 10, 2019
Rice brothers gain control of EQT in proxy fight
Activist investors have won control of the EQT Corp. board, bringing to an end a nine-month battle for the largest U.S. natural gas producer, Bloomberg reports. Brothers Toby and Derek Rice, who own 3 percent of the shares, won seven of the 12 seats, and the new board is expected to name Toby CEO....
By Jayne Gest
July 10, 2019
Lineal Industries purchase finalized
Camber Energy Inc., based in Houston, has closed its previously announced all-stock acquisition of Lineal Star Holdings LLC, which is the parent company of Pittsburgh’s Lineal Industries Inc. Camber plans to expand the Lineal brand....
By Jayne Gest
July 3, 2019
UGI to buy Columbia Midstream for $1.3B
The acquisition significantly expands UGI’s midstream portfolio and provides an opportunity to invest an additional $300 million to $500 million over the next five years at attractive returns....
By Jayne Gest
June 24, 2019
Align Capital Partners buys majority share of E Source
Align Capital Partners has acquired a majority share of E Source, which is slated to use the capital to help grow its existing portfolio of customer energy and customer experience solutions both organically and through add-on acquisitions....
By Adam Burroughs
June 24, 2019
Dynamix Energy Services, Dynamix Engineering sale closes
Bow River Capital has completed its acquisition of Dynamix Energy Services and Dynamix Engineering of Columbus. Bow River intends to run an energy services company to address the energy efficiency and long-term master planning needs of public entities....
By Jayne Gest
June 4, 2019
Pittsburgh PE firm Incline Equity purchases Unified Power
The Pittsburgh-based lower middle-market private equity firm acquired the largest independent provider of preventative maintenance and repair services for uninterruptible power systems in North America....
By Jayne Gest
June 4, 2019
Duquesne Light Holdings acquires Pittsburgh-based TEN
The parent company of Duquesne Light and DQE Communications has acquired a majority equity interest in the energy efficiency solutions provider....
By Jayne Gest
May 30, 2019
DTE, Consumers Energy Commit To Spend $15B To Grow Michigan Businesses
An average of 60 cents on every dollar being spent by the energy providers will go to a Michigan supplier through 2024....
By Mark Scott
May 8, 2019
Delta Energy’s Sheri Tackett: A tale of Two Sales
Sheri Tackett wasn’t prepared when she sold Delta Energy in 2012. When it came time to sell Delta Energy Services three years later, she didn’t make the same mistake twice....
By Jayne Gest
April 23, 2019
AEP closes $1B purchase of wind farms, battery installation
American Electric Power’s renewable energy subsidiary, AEP Clean Energy Resources, completed its purchase of seven wind farms and one battery installation for about $1.05 billion....
By Jayne Gest
April 11, 2019
Pin Oak Energy buys acreage for Utica shale development
Akron’s Pin Oak Energy Partners has closed a deal with SWEPI LP for approximately 43,000 acres prospective for Utica shale development in Northwestern Pennsylvania....
By Adam Burroughs
March 29, 2019
PA gas, oil wells acquired by Diversified Gas
Diversified Gas and Oil is acquiring 110 wells and related surface rights and gathering equipment from HG Energy II Appalachia, more than half of which are located in Pennsylvania’s Appalachian Basin....
By Adam Burroughs
March 27, 2019
Westinghouse awarded $12.8M from DOE
The Department of Energy has awarded $12.8 million in funding to Westinghouse Electric for its eVinci Micro Reactor Nuclear Demonstration Unit Readiness Project....
By Adam Burroughs
March 8, 2019
Atlas Oil founder Sam Simon: How to maximize your deals
The master dealmaker talks about his humble beginnings, his approach to investment opportunities and the importance of being a disciplined dealmaker....
By Mark Scott
January 24, 2019
FirstEnergy Solutions gets new lease on life
FirstEnergy Solutions has staved off oblivion for now with a restructuring deal that will allow it to emerge from Chapter 11 bankruptcy....
By Adam Burroughs
November 20, 2018
FirstEnergy Generation to sell West Lorain facility
FirstEnergy Generation has entered into a stalking horse agreement involving the sale of its West Lorain facility and associated assets to Vermillion Power,...
January 26, 2018
FirstEnergy raises $2.5 billion for overhaul
The funds will be used to reduce $1.5 billion in holding company debt, contribute $750 million to FirstEnergy’s pension fund....
By Adam Burroughs
January 19, 2018
Blue Point Capital exits the oil patch
While partnered with Blue Point, LineStar completed four acquisitions that expanded its footprint and broadened and diversified its customer base and service offering....
By Adam Burroughs
