Professional M&A intelligence for the energy transition
Woodside acquired OCI's 1.1 Mtpa Clean Ammonia project under construction in Beaumont, Texas for $2.35B. The world's first large-scale low-carbon ammonia facility, targeting production from 2025 and lower carbon ammonia from 2026 using CCS technology.
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.
ZincFive, which is engaged in nickel-zinc battery technology for data center and AI infrastructure immediate power solutions, entered into a business combination agreement with Spark I Acquisition, a NASDAQ-listed SPAC formed by SparkLabs Group. The transaction will take ZincFive public, providing capital to expand its proprietary battery technology for critical infrastructure applications. The transaction represents […]
BlackRock Alternatives completed the acquisition of Jupiter Power from EnCap Energy Transition for an undisclosed amount.
Eaton completed its $600 million acquisition of Royal Power Solutions in 2022. Royal Power Solutions designs and manufactures high-precision electrical connectivity components used in EV powertrains, battery systems, and broader electrical connectivity applications.
Phillips 66 made a $150 million strategic minority investment in Australian battery materials company NOVONIX in August 2021, acquiring approximately 16 percent of the company. NOVONIX produces synthetic graphite anode materials for lithium-ion batteries from its Tennessee facility.
Plug Power acquired Joule Processing, a Texas-based engineering and process design firm, for approximately $160 million in cash and stock.
Linde (NYSE:LIN; FWB:LIN) acquired the remaining interests in nexAir LLC, one of the largest independent packaged gas distributors in the U.S. with 2022 sales of approximately $400 million.
EQT Active Core Infrastructure Fund and and the Public Sector Pension Investment Board completed its $3.0 billion take-private acquisition of Radius Global Infrastructure in March 2024. Radius owns critical telecommunications infrastructure including renewable energy land leases.