Professional M&A intelligence for the energy transition
Vertex Energy completed its $75 million acquisition of Shell's Mobile, Alabama refinery. The 91,000 barrel-per-day Mobile refinery is strategically located on the U.S. Gulf Coast and is capable of sourcing a flexible mix of cost-advantaged light-sweet domestic and international feedstocks.
American Electric Power (Nasdaq: AEP) sold its distributed resources business, AEP OnSite Partners, to funds advised by Basalt Infrastructure Partners. AEP OnSite Partners owns, operates and maintains behind-the-meter assets and distributed energy resources and sells the output to schools, municipalities, hospitals and other commercial and industrial customers. Their portfolio consists of more than 300 MW […]
Marathon Petroleum completed its $21 billion divestiture of Speedway convenience store and fuel retail business to 7-Eleven, a subsidiary of Japan's Seven & i Holdings Co., Ltd. (3382: Tokyo). The deal made 7-Eleven the largest U.S. convenience retailer.
An Invenergy-led consortium with CDPQ acquired American Electric Power's unregulated renewables business in 2023, including 1,365 MW of operating wind and solar capacity across multiple states.
EG Group acquired Cumberland Farms for $2.15 billion in October 2019. The deal added 567 stores across eight U.S. Northeast states to EG's portfolio.
Engie completed its $1.6 billion acquisition of Houston-based battery storage developer Broad Reach Power from EnCap Energy Transition in August 2023. The deal added 350 MW of operating battery storage and a 2.7 GW pipeline.
ARKO Corp. (Nasdaq: ARKO) subsidiary GPM Investments acquired Pride Convenience Holdings, which operates 31 convenience stores in highly desirable locations. The deal expands ARKO's convenience store footprint into Massachusetts, making it the 34th state in which the company will operate.
Sunoco LP completed the divestiture of approximately 200 convenience store properties as part of its strategy to focus on fuel distribution and pipelines. 7-Eleven acquired over 200 stores, including Stripes convenience stores and Laredo Taco Company restaurants. Located across West Texas, New Mexico and Oklahoma, these stores will join the over 13,000 7-Eleven, Speedway and Stripes locations that 7-Eleven operates, […]
Vistra Corp completed its $3.4 billion acquisition of Energy Harbor in March 2024, forming Vistra Vision. The deal added approximately 4,000 MW of zero-carbon nuclear generation across three Ohio and Pennsylvania plants and a retail electricity business serving 1 million customers. Vistra Vision will be a zero-carbon generation and retail growth company. With a continuing […]
Talen Energy sold its Cumulus Data center campus adjacent to the Susquehanna nuclear plant to Amazon Web Services for $650 million. The 960-MW campus is powered directly by carbon-free nuclear energy.