Energy Acquisitions in United States

Boyne Capital closed a single-asset secondary transaction to establish a continuation vehicle for Pilot Energy, extending Boyne’s ownership of the company. The continuation fund is anchored by New 2ND Capital as lead investor and provides new capital to support Pilot Energy’s acquisition strategy and organic growth initiatives.

BKV Corporation completed the acquisition of one-half of Banpu Power US Corporation’s interest in BKV-BPP Power, LLC for approximately $115.1 million in cash plus 5,315,390 shares of newly issued BKV common stock. The deal increases BKV’s ownership in the BKV-BPP Power joint venture to 75% from 50%, giving BKV majority ownership and control of the Temple I and Temple II natural gas-fired power plants in Temple, Texas.

Talon Metals Corp. completed its previously announced acquisition from Lundin Mining Corporation of the producing Eagle Mine and associated Humboldt Mill in Michigan, acquired via the sale of Lundin Mining’s subsidiary Lundin Mining US Ltd. Consideration included 275,152,232 Talon common shares (implied value of about US$127.0 million based on a five-day VWAP as of January 8, 2026) and a production payment royalty of US$1.00 per tonne (up to US$20.0 million) on non-Eagle ore processed through the Humboldt Mill.

Revelar Capital has acquired Lettermen's Energy Holdings, LLC, a Kansas City, Missouri-based route-based propane distribution platform serving residential and industrial customers. The company was sold by CID Capital, which co-founded Lettermen's in 2021 and grew it through nine acquisitions; financial terms were not disclosed.

Reliable Energy Partners, a propane distribution growth platform backed by Soundcore Capital Partners, acquired Economy Propane, LLC. Economy Propane is a bulk-propane distributor headquartered in Baltimore, Maryland, expanding Reliable’s footprint into the Mid-Atlantic region; transaction terms were not disclosed.

Natura Resources LLC acquired Shepherd Power from NOV Inc. to add reactor deployment, regulatory, and licensing capabilities supporting Natura’s molten-salt small modular reactor (SMR) commercialization plans. In connection with the transaction, Natura and NOV also entered into a strategic partnership to align Natura’s reactor design with NOV’s manufacturing, supply chain, and project execution expertise, with an aim to deploy multiple gigawatts of SMRs for data center and industrial applications between 2029 and 2032. NOV will also become an investor in Natura and appoint a representative to Natura’s board.

EnergyHub, a subsidiary of Alarm.com, acquired Resideo Technologies’ Grid Services demand response business (Resideo Grid Services). The divestiture sharpens Resideo’s focus on its core residential sensing and controls products while adding Resideo Grid Services’ demand response expertise and utility customer relationships into EnergyHub’s Edge DERMS grid-edge flexibility platform; financial terms were not disclosed.

Windjammer Capital Investors has sold its portfolio company Paragon Energy Solutions to Mirion Technologies, Inc. Paragon, headquartered in Fort Worth, Texas, provides highly engineered components and solutions used in nuclear power plants and small modular reactors, including electrical, instrumentation and controls, HVAC, mechanical and flow components.

Worldwide Diversified Holdings, Inc. acquired a controlling interest in American Lithium Minerals, Inc. (OTCID: AMLM), giving it control of AMLM and indirect control over AMLM’s option on the 1,730-acre Sarcobatus lithium-and-boron property in Nevada. The transaction is intended to reposition AMLM from an exploration-stage miner into a global commodity and rare-earth acquisition platform, including the formation of a new subsidiary, American Mineral Resources, Inc., to pursue additional acquisitions in the United States, Australia, Canada, and Europe.

Preferred Propane, a retail propane and fuel oil business serving Vernon and surrounding areas in Connecticut, has been sold to Energy Distribution Partners (EDP), a multi-state retail propane marketer. Blue Peak Resources advised on the transaction; the Violette family will continue to operate and grow its separate HVAC business, which was not included in the sale.

Soundcore Capital Partners formed Reliable Energy Partners, a new growth platform in propane distribution, through its acquisition/investment in Florida Lift Gas (FLG). Florida Lift Gas is a propane distributor with operations in Tampa and Orlando focused on forklift cylinder exchange services for commercial customers. Terms were not disclosed, and Sean Daugherty was appointed CEO of the new Reliable platform.

Eagle Summit Resources, LLC (ESR) acquired Reflectance Energy, LLC, a portfolio of active metallurgical coal-producing mines in Wyoming County, West Virginia. Following the transaction, the Reflectance coal mining complex will operate under new ownership as Eagle Mountain Energy, LLC, adding significant met coal reserves and production capacity to ESR’s existing West Virginia operations. Concurrent with the acquisition, ESR entered into a new term loan credit facility with Valor Mining Credit Partners, L.P., managed by Breakwall Capital LP in partnership with Vitol, and agreed with Vitol on an exclusive marketing agreement for export volumes.

Kinsley Energy Systems, LLC acquired Clarke Energy USA's combined heat and power (CHP) business near Boston, Massachusetts, formerly known as CoEnergy America. The transaction expands Kinsley’s presence in the Northeast distributed energy market and transfers responsibility for the installed CHP customer base and product line as Clarke Energy reallocates resources toward larger projects in other regions.

Nuveen, through its Private Equity Impact team and Nuveen Climate Inclusion Fund II, acquired a majority interest in Ally Energy Solutions, LLC, a provider of turnkey energy and electrical infrastructure solutions for commercial and industrial customers across the United States. The investment is intended to accelerate Ally’s growth in distributed clean energy resources, electrical upgrades, backup power, and energy efficiency projects.

PowerTransitions closed the acquisition of a 226 MW seed portfolio of natural-gas-fired power generation assets from Talen Energy, consisting of the Camden Power Plant (New Jersey) and Dartmouth Power Plant (Massachusetts). Simultaneously, Partners Group acquired PowerTransitions from EnCap Investments and announced plans to invest over $450 million to accelerate the company’s growth and redevelopment strategy for legacy power assets.

EnergyHub, a grid-edge flexibility and virtual power plant (VPP) solutions provider and subsidiary of Alarm.com, acquired Bridge to Renewables (BTR). The acquisition adds BTR’s EV telematics-based platform, including integrations with 12 EV OEMs and connections to 500,000+ EVs, to strengthen EnergyHub’s managed charging and cross-DER VPP capabilities for utility customers.

Environ Energy announced the acquisition of Houston-based CSD Energy Advisors, an energy management and advisory firm focused on energy procurement, demand response, and energy storage. The deal adds nearly 1,000 clients to Environ’s portfolio and expands its U.S. footprint, with CSD’s co-founders and team joining Environ to support continuity. Environ’s accelerated acquisition strategy is backed by its private equity partner, 424 Capital.

Piedmont Lithium Inc. completed its merger with Sayona Mining Limited following approval by shareholders of both companies and satisfaction of closing conditions. The combined company will be named Elevra Lithium, creating a large hard-rock lithium platform with a portfolio of development-stage projects positioned to supply lithium demand for electric vehicles and energy storage.

Capstone Green Energy Holdings, Inc. acquired its distributor Cal Microturbine, LLC along with Cal Microturbine’s exclusive distribution territory. Following the deal, Capstone will directly manage sales, aftermarket support, and service across California, Hawaii, Nevada, Oregon, and Washington through its Capstone West Territory business unit, effective August 13, 2025.

Eaton has completed the acquisition of Resilient Power Systems Inc., a developer and manufacturer of solid-state transformer-based energy solutions. The deal strengthens Eaton’s power distribution offerings and is intended to help scale Resilient’s next-generation medium-voltage solid-state transformer technology for applications such as data centers, energy storage, and EV charging infrastructure.

Thermotane Propane, a family-owned propane provider based in Florida, acquired Matchett Propane, a long-standing propane company in Interlachen, Florida, in a privately negotiated owner-to-owner transaction. The deal adds Matchett Propane’s operations to Thermotane’s portfolio, expanding Thermotane to three total locations and extending its reach across the Gainesville, Ocala, and St. Augustine markets as part of its long-term growth strategy.

Prince Silver Corp. (formerly Hawthorn Resources Corp.) completed its acquisition of all issued and outstanding shares of Stampede Metals Corporation, a private Nevada-based company, from Stampede Metals Limited (an unlisted Australian company). As consideration, Prince Silver issued 15,000,000 units to Stampede Metals Limited, including contingent value rights that can convert into up to 8,500,000 milestone shares upon achieving defined resource milestones.

IGS Energy completed the acquisition of Just Energy, creating one of the largest retail energy providers in North America. The combined company will serve nearly 7.5 million residential customer equivalents across deregulated energy markets in the United States and Canada, with Just Energy continuing to operate independently under its existing brands.

Palmdale Propane, a wholly owned subsidiary of Palmdale Oil, acquired Gatorgas LP, a propane distributor serving North Central Florida and the Gulf Coast. The deal expands Palmdale’s propane footprint in North/Central Florida; financial terms were not disclosed. Gatorgas was advised by Legacy Energy Consulting.

LS Power completed its acquisition of ENGIE Services U.S. on June 12, 2025. Following the acquisition, the business rebranded to its former name, OPTERRA Energy Services, to expand offerings in energy efficiency and renewable/low-carbon solutions including solar, storage and microgrids. OPTERRA is headquartered in Oakland, California and focuses on public-sector energy projects across North America.

AppDirect acquired Broker Online Exchange (BOX), a North America-focused retail energy network, to expand its B2B commerce marketplace into energy procurement alongside its existing cloud, telecom, mobility, hardware, and AI offerings. BOX’s broker network and My Service Cloud platform will be integrated into AppDirect’s ecosystem, while BOX will continue operating under its own brand. Financial terms were not disclosed; A&D Global Advisors LLC and M&A Securities Group Inc. advised BOX.

One Rock Capital Partners agreed to sell, and later completed the sale of, a majority stake in its portfolio company Island Energy Services, LLC to a newly formed partnership between First Reserve and funds managed by affiliates of Fortress Investment Group. One Rock retained a continuing minority investment in Island Energy Services following the transaction, which was announced June 2, 2025 and closed July 17, 2025. Island Energy Services operates an integrated fuel import, storage, pipeline and distribution network and a Texaco-branded retail fuel station and convenience store network in Hawaii.

Ardian acquired the remaining equity stake in Hill Top Energy Center, a 620-megawatt combined cycle natural gas power plant in Western Pennsylvania, giving Ardian 100% ownership and full operational control. Ardian previously purchased a 41.9% stake in Hill Top in July 2019, and the transaction is the first energy investment for Ardian Americas Infrastructure Fund V.

Stone Ridge Holdings Group announced it has acquired Wincoram Asset Management, a capital solutions provider to physical and financial energy markets. The deal formalizes and expands the firms’ five-year joint venture, which involved investing $7B across more than 10 GW of energy assets, and is intended to accelerate Stone Ridge Energy’s energy asset acquisition strategy.

SitelogIQ, Inc. acquired Path Company, a NAESCO-accredited energy services company serving municipal and higher education customers in the Southeastern United States. The deal expands SitelogIQ’s geographic footprint and broadens its energy services offerings (e.g., energy management control systems, lighting, water efficiency, HVAC, and renewable power); financial terms were not disclosed. Path’s co-founders and management team will continue to lead the business day-to-day.

Pecos Propane, Inc., a propane services provider based in Pecos, New Mexico, was acquired by an undisclosed buyer in a transaction that closed on April 16, 2025. Generational Group served as M&A advisor to Pecos Propane in connection with the sale.

Win-Light Global Co. Ltd., as part of an investor “Buy-Out Group” with SriSid LLC and Arumilli LLC, acquired an additional 1,479,890 shares of ConnectM Technology Solutions, Inc., increasing the group’s ownership to about 24.5% of shares outstanding. The group has an outstanding proposal to acquire all remaining ConnectM shares for $1.60 per share, implying an equity value of approximately $62 million. ConnectM’s board is evaluating the proposal with financial advisor ThinkEquity.

Pennybacker Capital Management, LLC acquired Baseline Energy Services, LP, a provider of low-carbon, mobile distributed power generation solutions. Pennybacker plans to grow Baseline’s fleet to address rising U.S. electrical load and demand from data centers, industrial customers, and the energy sector, while Baseline’s existing management team will continue to lead the business. Prior long-term investors in Baseline included Tug Hill Capital, Alturus Capital Partners, and Donovan Ventures.

ARUMILLI LLC disclosed via an SEC Schedule 13G that it has acquired 2,121,800 shares, representing approximately 7.4% of ConnectM Technology Solutions, Inc.’s outstanding common stock. Following this investment, ConnectM reported that total institutional ownership in the company increased to 33% of outstanding shares.

Hull Street Energy (HSE) acquired 100% of a portfolio of four New York thermal power plants from J-Power USA Generation, L.P. The acquired assets—Edgewood Energy, Shoreham Energy, Pinelawn Power, and Equus Power I—are located on Long Island and provide approximately 300 MW of generation capacity to support New York customers.

Infinium acquired gas conversion technology company Greyrock Technology concurrent with the first tranche close of Infinium’s Series C Preferred Stock financing. The Series C round was led by Brookfield Asset Management with participation from several new and existing investors, and is intended to support Infinium’s eFuels project pipeline and expand its advanced energy solutions offerings.

ABB has acquired Lumin, a U.S.-based provider of responsive residential energy management systems, to expand ABB’s home energy management capabilities in North America. The deal follows ABB’s strategic minority investment in Lumin in 2023 and adds Lumin’s hardware and cloud-based software platform (including a homeowner/installer mobile app) to ABB’s electrification portfolio. Financial terms were not disclosed.

Hull Street Energy (HSE) has sold Basin Creek HoldCo, LLC (Basin Creek), previously part of its Milepost Power portfolio, to Basin Creek Acquisition LLC, an entity formed by Platform Partners LLC and William Pate. Basin Creek is a 53-megawatt natural gas-fired power generation facility located in Butte, Montana.

Elevation Gold Mining Corporation entered into an asset purchase and sale agreement with EG Acquisition LLC to sell certain assets, including the outstanding common shares of Golden Vertex Corp., which holds the Moss Mine in Arizona. The transaction received court approvals in Canada and the United States (Chapter 15 recognition) and was approved by the TSX Venture Exchange, with closing expected on December 31, 2024.

Oklo, a Sam Altman-backed nuclear energy startup, has agreed to acquire US-based radioisotope producer Atomic Alchemy to strengthen domestic nuclear fuel and radioisotope supply for its small reactor program. The deal is valued at $25 million and will be completed as an all-stock transaction, with plans to expand radioisotope production for reactor fuel needs and medical applications.

CleanSpark, Inc. completed its acquisition of GRIID Infrastructure Inc. on October 30, 2024, following GRIID shareholder approval on October 28, 2024. Under the merger agreement, each share of GRIID common stock was converted into approximately 0.06959 shares of CleanSpark common stock. The transaction expands CleanSpark’s bitcoin mining footprint and power pipeline in Tennessee, including growth plans to exceed 400 MW of capacity in the Tennessee Valley Authority service territory.

American Electric Power (AEP) completed the sale of its distributed resources business, OnSite Partners, to funds advised by Basalt Infrastructure Partners LLC. AEP expects to net approximately $318 million in cash after taxes, transaction fees, and customary adjustments, following required regulatory approvals.

Energy Capital Partners (ECP) acquired a majority interest in PROENERGY Holdings (PROENERGY), a vertically integrated aeroderivative gas turbine and dispatchable power solutions platform. The stake was purchased from affiliates of Eos Partners and ACON Investments, and financial terms were not disclosed.

Bitfarms Ltd. entered into a definitive merger agreement to acquire Stronghold Digital Mining, Inc. in a stock-for-stock transaction. The deal is valued at approximately US$125 million in equity value plus the assumption of about US$50 million of debt, and is expected to close in the first quarter of 2025 subject to shareholder and regulatory approvals. The combination is intended to expand Bitfarms’ power and site footprint in the PJM region and support broader energy trading and HPC/AI opportunities alongside Bitcoin mining.

Sixth Street made a majority investment in Caliche Development Partners, acquiring Caliche and its underground gas storage assets including the Golden Triangle Storage (GTS) complex in Beaumont, Texas. The transaction was structured to close in stages, with the Texas business closing in October 2024 and the Central Valley Gas Storage (CVGS) asset in Princeton, California completed on March 18, 2025; Caliche continues to operate both facilities.

Budderfly acquired a grid-edge distributed energy resource management system (DERMS) platform from Sunverge Energy. The acquisition enables Budderfly to aggregate distributed energy resources across customer sites to form virtual power plants (VPPs) and expand demand response and utility programs. Former Sunverge employees will join Budderfly to support the transition and ongoing product development.

Generac Power Systems acquired Ageto, a provider of microgrid controllers and related software used to integrate, optimize, and manage distributed energy resources and EV chargers for commercial and industrial customers. The transaction closed on August 1, 2024, and financial terms were not disclosed. The deal expands Generac’s microgrid and battery energy storage system (BESS) capabilities by integrating Ageto’s controller platform into Generac’s multi-asset energy technology ecosystem.

CleanSpark Inc. completed the acquisition of its first Bitcoin mining site in Wyoming, a 30 MW immersion-cooled data center location in Cheyenne. The company also executed 75 MW of power contracts and is working toward closing the underlying real estate of a second Wyoming site that would add an additional 45 MW of capacity.

Funds advised by I Squared Capital, through its ISQ Global Infrastructure Fund III, agreed to acquire Priority Power Management (Priority Power), a Texas-based provider of energy management services and private transmission and distribution infrastructure solutions. Priority Power is being acquired from Ara Partners, Oaktree Capital Management, and other shareholders, with CEO Brandon Schwertner continuing in his role and retaining an equity stake; financial terms were not disclosed.

CR Fuels acquired Portabull Fuel Services, LLC, a mobile fuel management and equipment rental provider serving heavy construction, pipeline (midstream), and renewable energy projects across 22 states. Portabull Fuel is based in Purvis, Mississippi and was sold by Jones Capital, which was advised by Butler Snow as legal counsel to the sellers.

Solaris Oilfield Infrastructure, Inc. (now renamed Solaris Energy Infrastructure, Inc.) acquired Mobile Energy Rentals LLC (MER) for $200 million, funded with $60 million in cash and approximately 16.5 million shares of Solaris Class B common stock issued to MER’s founders and management, who will join Solaris post-closing. The deal expands Solaris into distributed power infrastructure solutions for energy and commercial & industrial end-markets (including data centers) and includes commitments to scale MER’s mobile turbine fleet. Solaris financed the transaction and related growth commitments with a new $325 million senior secured term loan and is finalizing a $75 million revolving credit facility, replacing a previously arranged $300 million bridge facility.

Antin Infrastructure Partners has agreed to acquire a majority stake in GTL Leasing, a leading North American lessor of gaseous hydrogen transportation and storage equipment. The investment, made through Antin’s NextGen Fund I, is intended to expand GTL’s platform and product portfolio and support growth opportunities in the hydrogen market. GTL’s management team, led by founder and CEO Michael Koonce, will continue to run the business.

Energy Systems Group (ESG), a provider of sustainable infrastructure and energy services, acquired Yearout Energy Services, an energy services and design-build construction firm serving the U.S. Southwest. The deal expands ESG’s reach in key Southwest markets (including Texas, Colorado, Arizona, and New Mexico) and strengthens its end-to-end capabilities spanning design, engineering, construction, and operations & maintenance for energy efficiency, distributed generation, resiliency, and sustainability projects.

Tiger Infrastructure Partners (via Tiger Infrastructure Partners Fund III) acquired Unison Energy LLC, a fully integrated Energy-as-a-Service platform providing behind-the-meter microgrid solutions across North America. Unison, headquartered in Greenwich, Connecticut, designs, builds, owns, and operates on-site microgrids, and the deal was described as a growth capital investment expanding Tiger’s energy transition portfolio.

AM Conservation, the products division of Franklin Energy, entered into an agreement to purchase the assets of Energy Federation, Inc. (EFI). The combination expands AM Conservation’s product lines and utility marketplace capabilities, creating a more comprehensive provider of products and marketplace solutions for utilities. Closing is subject to approvals by the Massachusetts Attorney General’s Office and the Massachusetts Supreme Judicial Court due to EFI’s non-profit status.

The Energy & Minerals Group (EMG) made a substantial equity commitment to TerraVolta Resources, and through fundings to date has become the majority owner of the company. The investment supports TerraVolta’s flagship lithium project in the Smackover formation and accelerates its progress toward commercial U.S. lithium production.

McEwen Mining Inc. entered into a definitive agreement and plan of merger to acquire all issued and outstanding shares of Timberline Resources Corporation via a merger with a McEwen subsidiary. Timberline shareholders will receive 0.01 of a McEwen common share per Timberline share, implying a transaction value of about US$18.8 million and a 132% premium to Timberline’s 20-day VWAP. The acquisition expands McEwen’s development and exploration project portfolio in Nevada, subject to customary approvals including Timberline shareholder approval.

SCF Partners acquired Entegris Inc.’s Pipeline and Industrial Materials (PIM) business, which comprises Flowchem, Val-Tex, and Sealweld. The PIM unit manufactures specialized chemicals and valve maintenance products and provides related services supporting midstream pipeline infrastructure operations, maintenance, safety, and emissions reduction.

GEF Capital Partners completed an investment in Next Step Energy Solutions (NSES), a provider of turnkey LED lighting system retrofit solutions and tech-enabled energy efficiency services. The investment is intended to help NSES expand its customer base and geographic reach across the United States amid growing demand for comprehensive energy efficiency solutions.

Six One Commodities LLC (61C) acquired RiverCrest Power Holdings, LLC, a subsidiary of BioUrja Group, LLC; financial terms were not disclosed. RiverCrest is an energy trading firm focused on North American power markets using proprietary analytical models, and the deal is intended to expand 61C’s trading and asset optimization capabilities.

Voyager Interests, a Houston-based private equity firm focused on energy services and equipment, acquired Aegion Coating Services (ACS) from Aegion Corporation. ACS provides field joint coating services for pipelines using proprietary robotic coating tools across global end markets including natural gas, crude oil, and water pipelines. Financial terms were not disclosed.

Cameco and Brookfield Asset Management, together with Brookfield Renewable Partners and other institutional partners, received all required regulatory approvals to jointly acquire Westinghouse Electric Company. Cameco expects the transaction to close on or about November 7, subject to customary closing conditions, and plans to fund its share using a $600 million (US) term loan and available cash.

Firmament made a strategic investment in Matador Gas, a retail propane distributor and standby generator service provider. The partnership is intended to support Matador’s growth initiatives, including expansion into adjacent markets, investments in technology, and enhancement of service offerings.

Expro (NYSE: XPRO) completed its previously announced acquisition of offshore services provider PRT Offshore for approximately $106 million at closing, consisting of cash and newly issued Expro shares. The deal expands Expro’s subsea well access and technology-enabled services offering, while accelerating growth for PRT Offshore’s surface equipment offering across multiple regions.

EnergyMark, LLC announced it has acquired the assets of Crown Energy Services, Inc., transferring Crown’s New York customer accounts along with related supply assets. The deal combines two long-standing Western New York energy suppliers serving industrial, commercial, and residential customers in New York and Pennsylvania, and supports EnergyMark’s growth and renewable energy expansion in the region.

AM Conservation, a subsidiary of Franklin Energy, acquired Evolve Technologies to expand its portfolio of energy efficiency and grid optimization solutions. Evolve Technologies, based in Scottdale, Arizona, provides patented water and energy conservation products and capabilities spanning industrial design, product development, engineering, and manufacturing.

Fidelity Building Services Group (Fidelity BSG) acquired Power of Clean Energy (PCE) to expand Fidelity Energy & Sustainability’s presence in the southern United States. Headquartered in Nashville, Tennessee, PCE provides energy transition planning and project implementation services across lighting, HVAC redesign, alternative energies, and building automation/analytics.

Priority Power Management has acquired the business of Atlas Retail Energy, an energy procurement organization serving customers across the United States. The deal expands Priority Power’s market reach and provides Atlas clients access to additional products, services, and Priority Power’s proprietary pricing and data system. Atlas will continue operating under the Atlas Retail Energy brand, powered by Priority Power.

TPI Efficiency, a portfolio company of ScaleCo Capital Management (ScaleCo Fund IV), acquired the electricity and natural gas business of Greenstar Solutions, LLC. The acquired business, headquartered in Bethlehem, Pennsylvania, represents TPI Efficiency’s first add-on acquisition and expands its energy procurement and brokerage capabilities.

Cathedral Energy Services Ltd. acquired Rime Downhole Technologies, LLC through a wholly-owned subsidiary for approximately USD $41 million, consisting of USD $21 million in cash and USD $20 million in subordinated exchangeable promissory notes. Rime is a Texas-based engineering company that manufactures proprietary measurement-while-drilling (MWD) components, and will continue to operate as an independent brand under Cathedral. The acquisition is intended to strengthen Cathedral’s U.S. directional drilling platform and enable expanded deployment of a commercial MWD platform.

Arroyo Investors announced it has closed an investment in Mesa Solutions, a distributed power generation solutions company headquartered in Loveland, Colorado. Mesa designs, assembles, deploys, and services primary and standby power generation solutions, including portable and stationary units using natural gas-fired engines.

SitelogIQ has completed the acquisition of IKON | EFS (IKON), a national provider of energy and facility solutions headquartered in Grandville, Michigan. The deal expands SitelogIQ’s capabilities in EV charging and building improvement services across commercial and industrial customers, leveraging IKON’s Level 3 EV charging expertise and relationships in automotive dealership and retail verticals.

Adams Resources & Energy, Inc. repurchased all of its common shares held by KSA Industries, Inc. and affiliates of the Adams founder’s family for approximately $70 million, representing about 44.2% of shares outstanding. The repurchase was funded with cash on hand and a new term loan, and the transaction closed on October 31, 2022.

Priority Power Management, Inc. completed the acquisition of AB Power Advisors, a Texas-based regulatory advisory, renewable energy offtake, and consulting business focused on the ERCOT market. The deal strengthens Priority Power’s capabilities in regulatory coverage and market analysis and expands its presence in Austin, Texas.

Energywell, LLC signed a Purchase & Sale Agreement to acquire Engie Retail, LLC d/b/a Think Energy, Engie’s residential/mass-market retail electricity affiliate. The transaction is subject to Federal Energy Regulatory Commission approval and is expected to close in early Q4 2022. Following closing, Energywell plans to deploy its Proton technology platform across Think Energy’s footprint by mid-2023.

bp North America has agreed to purchase EDF Energy Services (EDF ES) to expand bp’s US commercial and industrial (C&I) retail power and natural gas business. Based in Houston, Texas, EDF ES supplies power, natural gas, and related services to large C&I customers across the United States. The transaction is subject to regulatory approvals and is expected to close by year-end.

Imperalis Holding Corp. (OTC: IMHC) closed a securities purchase agreement to acquire all outstanding shares of TurnOnGreen, Inc., an electric vehicle charging and custom power solutions company. The shares were acquired from BitNile Holdings, Inc., and TurnOnGreen became a subsidiary of Imperalis, which plans to change its name to TurnOnGreen and operate through TurnOnGreen subsidiaries TOG Technologies Inc. and Digital Power Corporation.

Catalyst Power Holdings LLC acquired the assets of Northeast Expense Reduction Services, a New York-based energy advisor. The deal expands Catalyst Power’s presence in Central and Western New York and strengthens its ability to provide decarbonizing energy supply solutions (including community solar and Connected Microgrids) to commercial and industrial customers.

Priority Power Management, Inc. completed the acquisition of the energy procurement, consulting, and solar development business of Affordable Gas & Electric Company, LLC (AGE). The deal expands Priority Power’s footprint in Midwest energy markets (leveraging its Satori Energy business) and strengthens its growing solar development and broader energy-transition offerings.

ABM entered into a definitive agreement to acquire RavenVolt, Inc. in an all-cash transaction. RavenVolt, headquartered in Alpharetta, Georgia, designs and installs turnkey microgrid systems and related equipment; the deal is intended to expand ABM’s Technical Solutions and energy/EV infrastructure capabilities. ABM will pay $170 million at closing plus a potential cash earn-out of up to $280 million, for a maximum total purchase price of $450 million, subject to closing conditions.

ARMM Inc. entered into a binding letter of intent to complete a business combination with Current Energy and Renewables Corp. (CER), an energy supplier serving commercial and industrial customers in deregulated markets. Upon closing, CER will combine with an ARMM subsidiary and the combined publicly traded company will operate under the name Current Energy and Renewables Corp., led by CER founder and CEO David Coburn.

SinglePoint, Inc. acquired Frontline Power Solutions (FPS), a multi-state licensed energy services company operating in deregulated power markets. The acquisition expands SinglePoint’s commercial client base and broadens its offerings to include energy supply agreements and energy portfolio optimization alongside solar solutions.

Schneider Electric acquired EV Connect, Inc., an electric vehicle charging solutions provider, to accelerate EV Connect’s growth and expand support for customers optimizing EV charging infrastructure. EV Connect will continue operating as a distinct subsidiary, led by CEO and founder Jordan Ramer.

CLEAResult acquired ChooseEV, a provider of electric vehicle market awareness and education tools used by utilities and businesses across North America. The deal expands CLEAResult’s Energy Transition practice by adding ChooseEV’s EV education platform and related implementation and technical assistance capabilities for charging and fleet electrification.

Caterpillar Inc. acquired Tangent Energy Solutions, a U.S.-based energy-as-a-service (EaaS) company headquartered in Kennett Square, Pennsylvania. Tangent Energy provides turnkey solutions to reduce energy costs and emissions, improve energy efficiency and resiliency, and monetize electric grid support using proprietary software and analytics. The business will continue operating under the Tangent Energy brand within Caterpillar’s Electric Power Division.

Renewable Energy Group, Inc. (REG) acquired Dawson Oil Company, a bulk fuel distributor and cardlock owner based in Northern California. Dawson Oil supplies diesel, gasoline, DEF and lubricants and operates six cardlocks serving nearly 4,500 customers in Northern and Central California. REG expects the deal to support its downstream distribution strategy and expand availability of its EnDura renewable fuels to end users in the region.

American Premium Water Corporation (OTC: HIPH) announced it has approved the acquisition of 100% of CloudXchange DataCentre Inc. for US$45.6 million, funded through the issuance of restricted common shares. CloudX operates crypto-mining and staking activities through its wholly owned subsidiary CloudXchange DataCentre Pte Ltd, and the seller is providing an EBITDA earnings guarantee of US$1.5 million for the first 12 months.

Superior Plus Corp. completed its acquisition of Kamps Propane (including several affiliated entities) and Kiva Energy for approximately US$240 million, funded through its existing credit facility. The deal expands Superior’s retail propane distribution footprint in the western United States and enhances its wholesale supply platform, with expected run-rate synergies of about US$7 million over 24 months.

EnergyHub, a provider of distributed energy resource management solutions (DERMS), acquired Packetized Energy, a developer of software systems that enable flexible grid services from distributed energy resources. Packetized Energy’s Nimble platform and advanced load shaping and grid management capabilities will be integrated into EnergyHub’s Mercury DERMS to enhance virtual power plant management and provide deeper visibility into distribution network operations.

GTI International (GTII), a subsidiary of GTI, announced it has acquired Projeo Corporation. Projeo is a professional energy services firm focused on geologic development and project management for CO2 and gas storage, groundwater resources, and geothermal projects across the United States.

Superior Plus Corp. closed its previously announced acquisition of the assets of a retail propane distributor operating under the tradename Hopkins Propane. In a separate transaction, Superior Plus also acquired the assets of Mountain Energy Gas, a small propane distributor based in Waynesville, North Carolina, expanding its footprint in the Michigan and North Carolina retail propane markets.

Pilot Power Group, a portfolio company of Boyne Capital Partners, acquired Trebel Energy. Trebel provides electricity and natural gas procurement services to municipal aggregation (CCA) and commercial clients in Ohio, and the combination is intended to expand Trebel’s capabilities with added analytics, supply relationships, and software resources.

Catalyst Power Holdings LLC acquired AP Gas & Electric (NY) LLC, a New York-focused retail electricity provider serving middle-market commercial and industrial customers. The deal expands Catalyst Power’s footprint across New York State and enhances AP G&E NY’s offering with Catalyst Power’s natural gas, community solar, and Connected Microgrid solutions.

Ameresco, Inc. acquired Plug Smart, an Ohio-based energy services company specializing in smart building controls and building automation systems. The deal expands Ameresco’s Smart Buildings and Controls capabilities and adds to its clean-energy project pipeline, with financial terms undisclosed.

Magellan Scientific, LLC closed its initial round of equity funding and acquired 1,600 MicroBT Whatsminer M30S ASIC mining servers (141 PH/s) to expand its digital asset mining operations. The company plans to receive and deploy the servers across the fourth quarter of 2021 and the first quarter of 2022, leveraging its off-grid power generation capacity in Ohio and Pennsylvania.

DIF Capital Partners, through its DIF Infrastructure VI fund, completed the acquisition of Bernhard, LLC, an Energy-as-a-Service (EaaS) solutions company in the United States. Bernhard Capital Partners sold the business, and Bernhard’s senior management will retain meaningful ownership and continue to lead the company.

Windjammer Capital Investors acquired Paragon Energy Solutions, LLC in partnership with Paragon’s management team; financial terms were not disclosed. Paragon provides mission-critical parts and services for nuclear power generation facilities and advanced reactor technologies. The company was previously owned by Argosy Private Equity, which exited its investment as part of the sale.

Enphase Energy, Inc. agreed to acquire ClipperCreek, an electric vehicle (EV) charging solutions provider serving residential and commercial customers. The deal expands Enphase’s home electrification offering by adding EV charging products and supporting future capabilities such as bidirectional charging, and is expected to close by December 31, 2021 subject to customary conditions and regulatory approvals.

Offen Petroleum completed two acquisitions: a portfolio of branded motor fuel dealer contracts from Petroleum Management LLC and certain logistics assets from Pathfinder Transportation LLC. The deals expand Offen’s geographic density and product offerings, including strengthening its Colorado fuel distribution footprint and enhancing propane distribution capabilities in the Ozark region through an exclusive sales contract with Tri-State Propane LLC.

Onboard Dynamics, Inc. signed an investment agreement with BP Energy Partners, LLC for an equity investment to provide capital to scale Onboard Dynamics’ climate-tech products and service offerings. Onboard Dynamics manufactures mobile natural gas pipeline evacuation and vehicle refueling compression technology aimed at reducing methane and greenhouse gas emissions. The transaction is expected to close in October 2021.