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Energy - Articles

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,...

By michael.marzec@converoinc.com

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