Professional M&A intelligence for the energy transition
Brookfield Renewable acquired clean power developer Urban Grid and its pipeline of projects comprising approximately 13,000 MW of utility-scale solar and 7,000 MW of energy storage capacity for $650 million.
Brookfield Renewable acquired Scout Clean Energy for $1 billion (+ $350M development commitments), gaining 800+ MW of operating wind assets and a 22,000+ MW pipeline of wind, solar and storage projects across 24 U.S. states.
LS Power acquired Algonquin Power & Utilities Corp.'s renewable energy business (excluding hydro) for up to $2.5B. The renewables business is comprised largely of wind and solar assets located throughout the United States and Canada, including 44 operating assets with more than 3,000 MW of generating capacity and an 8,000 MW pipeline of wind, solar, […]
Cenovus Energy and Husky Energy completed their all-stock deal in a transaction valued at approximately C$23.6 billion including assumed debt. The combined company will operate as Cenovus Energy and remain headquartered in Calgary, Alberta.
Baytex Energy closed its acquisition of Ranger Oil Corp. for around $2.5 billion, which included net debt of approximately US$650 million.
Vermilion Energy Inc. completed the acquisition of privately-held Westbrick Energy Ltd. for about C$1.08 billion. The acquired assets are located in the Deep Basin of west-central Alberta and include over 700,000 net acres, with current production of approximately 50,000 boe per day (60% liquids).
Precision Drilling Corporation completed the acquisition of CWC Energy Services in a deal valued at approximately C$127 million, adding 65 service rigs and 7 drilling rigs operating primarily in the Western Canadian Sedimentary Basin. The deal consolidates Precision's market-leading position in Canadian land drilling and well servicing.
Cameco partnered with Brookfield Renewable to acquire Westinghouse Electric in November 2023. Cameco's 49% interest cost approximately $2.2 billion, with Brookfield holding 51%. The deal positions both companies in the nuclear renaissance.
Enbridge completed its $6.6 billion acquisition of Dominion Energy's East Ohio Gas in March 2024. The deal made Enbridge the largest natural gas distribution utility in North America by volume, serving approximately 7 million customers across multiple states.
Enbridge completed its $3.4 billion acquisition of Dominion Energy's Questar Gas in May 2024. The deal added Utah-based gas distribution serving approximately 1.2 million customers.