Professional M&A intelligence for the energy transition
Diamondback Energy merged with privately held Endeavor Energy Resources in a $26B cash-and-stock transaction ($8B cash + 117.3M FANG shares), creating a premier Permian Basin independent operator with ~838,000 net acres and 816 MBOE/d of production, making it the third-largest Permian producer.
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, […]
ONEOK acquired Global Infrastructure Partners' entire interest in EnLink Midstream (NYSE: ENLC). The deal consists of 43% of EnLink's outstanding common units for $14.90 per unit and 100% of the interests in the managing member for $300 million, for about $3.3 billion.
Kian Capital-backed SPATCO Energy Solutions has completed the acquisition of Discovery Tank Testing and Tank Wizards, expanding its environmental services capabilities. The purchase further strengthen SPATCO's environmental services platform by expanding capabilities in compliance, testing, tank maintenance, and fuel system reliability, particularly across the growing Florida market. SPATCO provides turnkey infrastructure services solutions to the […]
Legrand has acquired Girtz Industries, a provider of custom-engineered modular power enclosures and services. The acquisition expands Legrand's power portfolio with solutions targeting datacenter and industrial markets. Financial terms of the transaction were not disclosed.
BlackRock Alternatives completed the acquisition of Jupiter Power from EnCap Energy Transition for an undisclosed amount.
Apollo Global Management (NYSE: APO) announced that certain funds managed by its affiliates made a structured investment in US Wind, an offshore wind energy development company. The fund is investing up to $265 million through convertible debt and equity to acquire an equity stake in Baltimore, Maryland-based US Wind. The investment will fund development and […]
Reliance New Energy Solar Limited (RNESL), a subsidiary of Reliance Industries, completed the acquisition of REC Solar Holdings AS from China National Bluestar (Group) Co. for $771 million enterprise value. REC Solar is one of the world's leading solar cell, panel, and polysilicon manufacturing companies, with industry-leading heterojunction (HJT) cell technology and 25 years of […]
Reliance New Energy Solar Limited completed its acquisition of a 40% stake in Sterling & Wilson Renewable Energy (SWREL), a Shapoorji Pallonji Group company.
Reliance Industries acquired 100% of the equity in MSKVY Nineteenth Solar SPV Limited and MSKVY Twenty-second Solar SPV Limited from MSEB Solar Agro Power Limited.