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December 7, 2023

Nvenergy-Led Consortium Completes Purchase Of American Electric Power's Unregulated Renewables Portfolio

Invenergy, a privately held developer, owner, and operator of sustainable energy solutions, announced IRG Acquisition Holdings (IRGAH), a partnership between Invenergy, CDPQ and funds managed by...

By Staff Reports

June 29, 2023

In This Economy, Buyers Must Look Deeper

Given the volatility in today's Market, Emily Martin, president of Aschinger Electric - A Guarantee Electrical Company, says both buyers and sellers are facing economic pressures that are impacting...

By Adam Burroughs

March 10, 2023

Vistra Corp acquires Beaver Valley Power Station

Texas energy company Vistra Corp. is acquiring Energy Harbor, owners of the Beaver Valley Power Station, for $3.4 billion. Harbor's nuclear and retail businesses will merge with Vistra's under a newly...

By Dan Pender

June 17, 2020

Equitrans Midstream, EQM complete merger

Equitrans Midstream Corp. and EQM Midstream Partners LP have completed the acquisition of all of the outstanding common units representing limited partner interests in EQM that it did not already own....

By Jayne Gest

February 27, 2020

FirstEnergy Solutions Emerges From Chapter 11 Restructuring As Energy Harbor

The company serves nearly one million residential, commercial and industrial customers and has 2,600 employees....

By Mark Scott

February 26, 2020

EQT exchanges half its equity stake in Equitrans Midstream

Pittsburgh-headquartered EQT Corp. has exchanged 50 percent of its equity stake in Equitrans Midstream Corp. for $52 million in cash and substantial incremental fee relief....

By Jayne Gest

January 31, 2020

Westinghouse closes Rolls-Royce Civil Nuclear purchase

Westinghouse Electric Co. has completed its acquisition of Rolls-Royce’s Civil Nuclear Systems and Services business in North America and in select sites in Europe. The deal represents a strategic investment in expanding the company’s nuclear products and services offerings ....

By Jayne Gest

January 15, 2020

EQT prices senior notes

Pittsburgh-headquartered EQT Corp. has priced an offering of $1 billion of its 6.125 percent senior notes due Feb. 1, 2025 and $750 million of its 7 percent senior notes due Feb. 1, 2030....

By Jayne Gest

January 8, 2020

Westinghouse buys UK inspection company, InCon

Westinghouse Electric Co. has acquired Inspection Consultants Limited, a U.K.-based provider of inspection services. This acquisition strengthens Westinghouse’s ability to support its existing operating nuclear fleet, as well as in-service inspection customers outside of the nuclear industry....

By Jayne Gest

December 11, 2019

Huron Capital-Backed Albireo Energy Buys Quality Building Controls

The acquisition of QBC is expected increase Albireo's presence in the Southeast and extend the company's customer base in Florida, providing additional recurring revenue....

By Mark Scott

November 8, 2019

Arsenal Resources works through bankruptcy with recapitalization

As part of its Chapter 11 bankruptcy, Arsenal Resources Development LLC will pursue a recapitalization transaction that includes a $100 million new equity investment made by Chambers Energy Capital and Mercuria Energy Co., two of the company’s most significant lenders, and a substantial deleveraging of ARD’s balance sheet....

By Jayne Gest

November 4, 2019

UTI sells company to ESOP trust

Utility Technologies International Corp., a service provider to the natural gas pipeline industry, has sold 100 percent of the company to an employee stock ownership plan trust. The selling shareholders saw an ESOP as a way to not only capitalize on their investment but ensure the cultural legacy of the company....

By Jayne Gest

November 4, 2019

TriMas Sells Lamons Business In $135M Deal

TriMas Co. LLC, a wholly-owned subsidiary of TriMas Corp., has entered into a definitive agreement to sell its Lamons business to First Reserve, a private equity firm focused on energy investing, for $135 million in cash....

By Mark Scott

October 30, 2019

FirstEnergy Extends Lease To Retain Akron HQ

As part of the agreement, Ann Arbor, Michigan-based McKinley will make substantial capital contributions to FirstEnergy over the next five years for workspace modernization and updates....

By Mark Scott

October 18, 2019

DTE Midstream Expands Growth Platform With $2.25B Acquisition

The company has agreed to acquire a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana for a purchase price of $2.25 billion in cash, plus a $400 million milestone payment upon completion of the gathering pipeline in the second half of 2020....

By Mark Scott

October 15, 2019

Eaton Agrees To Sell Lighting Business In $1.4B Deal

The decision to sell the lighting business comes after completing a comprehensive review of various potential transaction alternatives to maximize shareholder value....

By Mark Scott

September 26, 2019

Westinghouse to buy Rolls-Royce nuclear business

Westinghouse Electric Co. has agreed to acquire Rolls-Royce’s Civil Nuclear Systems and Services business in North America, expanding the Cranberry Township-headquartered company’s global capabilities in digital, engineering services, plant automation and monitoring systems, field services and manufacturing....

By Jayne Gest

September 17, 2019

Huron Capital-Backed Albireo Makes 10th Add-On Acquisition

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

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 [email protected]

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