Energy Acquisitions in Texas
Texas Energy Deals and Capabilities
Texas energy acquisitions in this section span upstream-to-grid themes, with buyers ranging from specialty operators and midstream platforms to power producers and engineering/technology firms. Recent transactions highlight how acquirers in Texas, United States are broadening service lines—whether for power generation, field infrastructure, or energy trading and optimization.
Across the deals shown, recurring capability patterns include expansion of logistics and aftermarket support, growth in electrical and automation services, and deeper positioning in gas and power markets. Several transactions also connect Texas-based businesses to larger U.S. scale through integration into broader generation, trading, or reliability and asset-management offerings.
The page also reflects energy’s widening footprint in areas such as nuclear and small modular reactor (SMR) commercialization, alongside renewable capacity moves. Examples include acquisitions tied to electrical/instrumentation for nuclear applications and partnerships that support project execution for molten-salt SMR technology.
What Stands Out
- Buyers include infrastructure and energy-service operators such as USA Compression Partners LP (USAC), Constellation Energy Corporation, and LS Power, plus specialized power/industrial service firms.
- Deal themes cluster around: (1) midstream and logistics (e.g., gathering/transport and parts distribution), (2) electrical, automation, and controls services, and (3) natural gas supply, trading, and optimization.
- Nuclear-adjacent and advanced-power capabilities appear, including acquisitions involving power-plant reliability/OT cybersecurity and engineered components for nuclear power and SMRs.
- Texas locations commonly connect to broader U.S. market reach through expanded customer bases, added capacity, or added service footprints.
| Recurring buyer type | What they’re adding |
|---|---|
| Midstream/infrastructure platforms | Gathering, transportation, compression, aftermarket services |
| Electrical/controls service providers | High-voltage construction, substation automation, instrumentation/controls |
| Power producers & energy retailers | Generation scale, natural gas supply/logistics, commercial customer coverage |
| Nuclear/advanced-power specialists | EAM/reliability expertise, OT risk management, engineered reactor components |
-
March 12, 2026
- Buyer
- Ara Energy
- Target
- Gate City Power, Gate City Renewable Fuels, JET retail fuel network interest
- Seller
- HF Capital
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Ara Partners’ energy platform, Ara Energy, will acquire Gate City Power, Gate City Renewable Fuels, and an interest in the JET retail fuel network for approximately $875 million. The deal is financed with equity from Ara-managed funds and co-investment vehicles and is expected to close in early 2026, subject to regulatory approvals and customary closing conditions.
-
- Buyer
- Trive Capital, Rolfson Oil, Flint Logistics Group
- Target
- Rolfson Oil, Flint Logistics Group
- Industry
- Energy
- Location
- Texas, United States
- Type
- Addon
Trive Capital, a Dallas-based private equity firm, invested in Rolfson Oil, a distributor of fuel, oils, and lubricants serving the energy sector. After the investment, Rolfson acquired Flint Logistics Group, expanding Rolfson’s footprint across Oklahoma, Texas, and New Mexico and improving operational efficiency to support growth.
-
February 18, 2026
- Buyer
- MidCentral Energy Partners
- Target
- Expanse Electrical Company
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
MidCentral Energy Partners has acquired Expanse Electrical Company, a provider of electrical, automation, and power infrastructure services. The acquisition expands MidCentral's capabilities in high-voltage construction, substation automation, and field-level controls to better serve oil & gas, utility, data center, and industrial customers.
-
February 9, 2026
- Buyer
- Transocean
- Target
- Valaris
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Transocean and Valaris have signed a definitive agreement to combine in an all-stock transaction valued at approximately $5.8 billion, with Transocean acquiring Valaris. The deal is structured as a court-approved scheme of arrangement under Bermuda law and is expected to close in the second half of 2026, subject to regulatory and shareholder approvals.
-
January 26, 2026
- Buyer
- XCF Global, Inc., DevvStream Corp., Southern Energy Renewables Inc.
- Target
- XCF Global, Inc., DevvStream Corp., Southern Energy Renewables Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
XCF Global, DevvStream, and Southern Energy Renewables agreed to a binding term sheet for a proposed three-party merger to create an integrated low-carbon fuels and environmental-attribute platform. The combination is intended to accelerate sustainable aviation fuel (SAF) production through multiple pathways (including HEFA and e-methanol) while integrating environmental-attribute monetization into a unified offering.
-
January 13, 2026
- Buyer
- USA Compression Partners LP
- Target
- J-W Power Company
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
USA Compression Partners LP (USAC) has completed its approximately $860 million acquisition of J-W Power Company. The deal expands USAC’s natural gas compression fleet by more than 0.8 million active horsepower across key U.S. regions, bringing total active horsepower to around 4.4 million and strengthening its customer base and mid-to-large horsepower capabilities.
-
January 9, 2026
- Buyer
- NextEra Energy Resources, NextEra Energy, Inc.
- Target
- Symmetry Energy Solutions
- Seller
- Energy Capital Partners (ECP)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
NextEra Energy Resources (a unit of NextEra Energy, Inc.) has acquired Symmetry Energy Solutions from private equity firm Energy Capital Partners (ECP). The acquisition expands NextEra's natural gas supply, logistics and asset-management capabilities; Symmetry is a Houston-based retail natural gas supplier serving thousands of commercial and industrial customers.
-
- Buyer
- Constellation Energy Corporation, Constellation Energy (operating entity references in coverage)
- Target
- Calpine Corporation
- Seller
- Energy Capital Partners (ECP)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Constellation Energy completed its acquisition of Calpine Corporation from Energy Capital Partners (ECP) in a transaction valued at $26.6 billion, creating the largest U.S. electricity producer. The combined company pairs Constellation’s nuclear generation with Calpine’s natural gas and geothermal assets to serve 2.5 million retail and business customers nationwide.
-
January 6, 2026
- Buyer
- Lane42 Investment Partners, Karis Midstream Partners
- Target
- Aqua Terra Permian, LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Lane42 Investment Partners, in partnership with Karis Midstream Partners, has acquired Aqua Terra Permian, an energy midstream company operating gathering, transportation and saltwater disposal assets in the Permian Basin. The investment will strengthen the company’s balance sheet and provide capital to support growth as the platform will be led by the Karis team with Odely Sakazi as CEO and David Melton as COO.
-
December 16, 2025
- Buyer
- Iron Oak Energy Solutions LLC
- Target
- Superior Silica Sands LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Iron Oak Energy Solutions LLC acquired Superior Silica Sands LLC in an all-stock transaction, adding over 3 million tons per year of frac sand production capacity and expanding Iron Oak's footprint in the Eagle Ford Shale. The deal increases Iron Oak's total annual production capacity to roughly 40 million tons and broadens the combined platform's ability to serve oil & gas, construction and industrial sand markets.
-
December 15, 2025
- Buyer
- TRM
- Target
- Sheffield Scientific
- Seller
- Joshua Weinstein (primary owner of Sheffield Scientific)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
TRM, an Alexandria-based enterprise asset management and reliability consultancy, has acquired Sheffield Scientific, a Katy, Texas consulting firm focused on EAM (IBM Maximo, Hitachi Asset Suite) and OT cybersecurity for power generation. The deal strengthens TRM's power generation capabilities, adds Sheffield's Serket OT risk-management software and specialist personnel, and increases TRM's headcount to more than 180 employees.
-
December 11, 2025
- Buyer
- Spotlight Energy, LLC
- Target
- PathPoint Energy LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Spotlight Energy, a Houston-based wholesale energy marketing firm, has completed its acquisition of PathPoint Energy, a natural gas trading, logistics, and asset optimization specialist. The deal expands Spotlight's commercial trading and optimization capabilities and strengthens its footprint across core U.S. and Canadian natural gas and power markets.
-
December 10, 2025
- Buyer
- Natura Resources, NOV Inc. (investor)
- Target
- Shepherd Power
- Seller
- NOV Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Natura Resources has acquired Shepherd Power from NOV Inc., adding Shepherd's regulatory, licensing, and reactor deployment expertise to accelerate commercialization of Natura's molten-salt small modular reactor (MSR) technology. NOV will partner with Natura on manufacturing and project execution, invest in Natura and appoint a board representative to support delivery of gigawatts of SMRs for data center and industrial customers in the early 2030s.
-
December 9, 2025
- Buyer
- LS Power
- Target
- BP Wind Energy North America Inc.
- Seller
- bp
- Industry
- Energy
- Location
- Texas, United States
- Type
- Addon
LS Power completed the acquisition of bp’s US onshore wind business, BP Wind Energy North America Inc., adding approximately 1,300 MW of operating onshore wind capacity across 10 projects. The assets will be integrated into LS Power affiliate Clearlight Energy, expanding Clearlight’s national footprint and increasing LS Power’s North American renewable generation scale.
-
- Buyer
- Mirion Technologies, Inc.
- Target
- Paragon Energy Solutions
- Seller
- Windjammer Capital Investors
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Mirion Technologies, Inc. (NYSE: MIR) has completed the acquisition of Paragon Energy Solutions, a Fort Worth-based provider of engineered electrical, instrumentation & controls, HVAC, mechanical and flow components for nuclear power plants and small modular reactors. Paragon was sold by Windjammer Capital Investors, which had acquired the company in November 2021 and supported product expansion and sales-channel investments to position Paragon for growth in the nuclear sector.
-
- Buyer
- Amber Energy Inc.
- Target
- PDV Holding, Inc., CITGO Petroleum Corporation
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Amber Energy Inc. has been approved by the U.S. District Court for the District of Delaware to acquire PDV Holding, Inc., the parent of CITGO Petroleum Corporation. The transaction is expected to close in 2026 (mid-2025 per another source), subject to regulatory approvals and satisfaction of customary closing conditions.
-
November 21, 2025
- Buyer
- Energy Overwatch
- Target
- Porosity
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Energy Overwatch has acquired Porosity, a Houston-based software and AI company, to integrate Porosity’s digital workflow, data‑integration, and AI-driven variance detection capabilities into Energy Overwatch’s compliance SaaS and field services platform. The deal (closed November 21, 2025) expands Energy Overwatch’s ability to provide unified regulatory management, emissions monitoring, and real‑time operational intelligence to upstream, midstream, and downstream oil & gas operators.
-
- Buyer
- Hitachi Energy, Blackstone Energy Transition Partners
- Target
- Shermco
- Seller
- Private equity funds affiliated with Blackstone
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Hitachi Energy has acquired a minority stake in Shermco, a leading North American electrical services provider, in partnership with Blackstone Energy Transition Partners. The strategic investment aims to expand Hitachi Energy's service capabilities across North America, accelerate Shermco's growth, and develop new digital service offerings to improve grid reliability and asset lifecycle management.
-
October 3, 2025
- Buyer
- Alkhorayef Petroleum Company (APC)
- Target
- GRC Technologies
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Saudi Arabia-headquartered Alkhorayef Petroleum Company (APC) has acquired Houston-based GRC Technologies, a supplier of precision downhole gauges and well instrumentation. The deal adds ESP sensors and digital intelligence capabilities to APC’s artificial lift product suite, strengthening its end-to-end ESP solutions and accelerating integration of data-driven and AI-enabled optimisation.
-
September 4, 2025
- Buyer
- Solaris Assets, LLC, GoodFinch Management, LLC, Ad hoc group of DIP financing lenders
- Target
- Sunnova Energy International Inc.
- Seller
- Sunnova Energy International Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Solaris Assets, LLC (an acquisition vehicle formed by an ad hoc group of DIP financing lenders and affiliates and entities controlled by GoodFinch Management, LLC) completed the purchase of substantially all assets and business operations of Sunnova Energy International Inc. in a court‑supervised Chapter 11 sale. The deal was structured as a credit bid plus $25 million in cash and certain cure payments, and Sunnova’s core operations will transition to SunStrong Management, LLC as the asset manager to ensure continuity of residential solar servicing, O&M, and portfolio management.
-
September 3, 2025
- Buyer
- Environ Energy
- Target
- CSD Energy Advisors
- Industry
- Energy
- Location
- Texas, United States
- Type
- Addon
Environ Energy has acquired Houston-based CSD Energy Advisors, adding nearly 1,000 clients including multiple Fortune 500 companies and several of Texas's largest industrial energy consumers. The CSD co-founders and their team will join Environ to expand the firm's energy procurement, demand response, and storage capabilities as part of Environ's continued PE-backed roll-up strategy with partner 424 Capital.
-
September 3, 2025
- Buyer
- SPATCO Energy Solutions, Kian Capital Partners
- Target
- Excell Fueling Systems
- Industry
- Energy
- Location
- Texas, United States
- Type
- Addon
Kian Capital-backed SPATCO Energy Solutions has acquired Excell Fueling Systems, a HUB-certified fueling system contractor based in Buda, Texas. The add-on expands SPATCO’s commercial fueling installation and maintenance capabilities in Texas and deepens the platform’s presence in a high-growth region.
-
September 2, 2025
- Buyer
- Deep Blue Midland Basin LLC
- Target
- Environmental Disposal Systems, LLC
- Seller
- Diamondback Energy, Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Addon
Deep Blue Midland Basin LLC, the Midland Basin water-infrastructure platform backed by Five Point and Diamondback, agreed to acquire Environmental Disposal Systems, LLC from Diamondback Energy. The transaction (valued at $750 million) nearly doubles Deep Blue's scale, secures a 15-year dedication from Diamondback, and is expected to unlock operational and commercial synergies across the integrated produced-water system.
-
September 2, 2025
- Buyer
- GridX
- Target
- Innowatts
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
GridX has acquired Innowatts, a provider of advanced load forecasting and utility planning analytics, to integrate meter-level forecasting into GridX's enterprise rate platform. The deal expands GridX's upstream planning capabilities, enabling utilities and retail energy providers to combine long-term planning and real-time rate analytics in a single solution.
-
- Buyer
- Mirion
- Target
- Certrec
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Mirion (NYSE: MIR) has acquired Certrec, a Fort Worth-based provider of regulatory compliance and digital integration solutions for the energy sector, for a cash purchase price of $81 million plus additional equity incentives. The acquisition brings software and recurring services capabilities to Mirion’s Nuclear & Safety group, strengthening its offerings across nuclear power facilities and broader electric generation markets.
-
- Buyer
- United Energy LNG, Power LNG
- Target
- Power LNG
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
United Energy LNG and Power LNG announced a strategic merger to create a scalable small-scale LNG platform serving industrial, power, and transport markets across North America. The combined entity (United Energy LNG) will immediately oversee three LNG production sites in development in Texas, Kansas, and the Gulf Coast, with modular projects designed to deliver faster and more cost-effective LNG to domestic users.
-
July 1, 2025
- Buyer
- IGS Energy
- Target
- Just Energy
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
IGS Energy has completed the acquisition of Just Energy, creating one of North America's largest retail energy providers with nearly 7.5 million residential customer equivalents. The combined company brings together ~2,250 employees and expands IGS's footprint in deregulated markets—notably strengthening its presence in Texas (ERCOT) and PJM—while Just Energy will continue to operate under its existing brands.
-
June 26, 2025
- Buyer
- DNOW Inc.
- Target
- MRC Global Inc.
- Seller
- MRC Global shareholders
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
DNOW Inc. agreed to acquire MRC Global in an all-stock merger that values MRC Global at approximately $1.5 billion inclusive of net debt, creating a combined energy and industrial solutions provider. The transaction is expected to generate about $70 million of annual cost synergies within three years, expand the combined company's global footprint and be accretive to adjusted EPS in the first year following closing.
-
- Buyer
- Allied Industrial Partners LLC
- Target
- Pride Dynamo
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Allied Industrial Partners, a Houston-based industrial-focused private equity firm, has made a strategic growth investment in Pride Dynamo, a Texas-headquartered provider of mission-critical distributed power solutions. The founders, Bill and Nicholas Wood, will remain meaningfully invested as Pride uses the capital to scale operations and expand across industrial, energy infrastructure, utility, and data center end markets; terms were not disclosed.
-
June 3, 2025
- Buyer
- AppDirect
- Target
- Broker Online Exchange, DNE Resources
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
AppDirect has acquired Broker Online Exchange (BOX), a North American retail energy broker network, and Québec-based DNE Resources, an energy management and consulting firm. The transactions expand AppDirect's B2B commerce marketplace to include energy procurement and services, broadening its capabilities for technology advisors and extending its reach into Canadian and U.S. energy markets.
-
- Buyer
- ArcLight Capital Partners, LLC
- Target
- Natural Gas Pipeline Company of America (NGPL)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
ArcLight Capital Partners’ managed fund acquired a 25% interest in Natural Gas Pipeline Company of America (NGPL), resulting in ArcLight holding a 62.5% economic ownership stake while Kinder Morgan retains a 37.5% interest and continues to operate NGPL. NGPL is one of the largest U.S. interstate natural gas pipeline systems (≈9,100 miles, ~1 million horsepower of compression, 288 billion cubic feet of storage); terms were not disclosed. ArcLight cited rising power demand from electrification and AI and the asset’s ability to support utilities, LNG exporters and data centers as the strategic rationale.
-
May 7, 2025
- Buyer
- Environ Energy, 424 Capital
- Target
- Rapid Power Management
- Industry
- Energy
- Location
- Texas, United States
- Type
- Addon
Environ Energy has acquired Rapid Power Management (RPM), a Texas-based energy advisory firm, to expand its capabilities and presence in the ERCOT market. The deal brings RPM founder JD Dodson and his team into Environ and adds RPM’s proprietary Power Factor Correction solution to Environ’s service offering; the acquisition is part of Environ’s buy-and-build strategy backed by private equity partner 424 Capital.
-
- Buyer
- SiEnergy Operating (SiEnergy), Northwest Natural Holding Company (NW Natural Holdings)
- Target
- Hughes Gas Resources, Inc. (EPCOR Texas Gas)
- Seller
- EPCOR USA Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
SiEnergy Operating, a wholly owned subsidiary of Northwest Natural Holding Company, has agreed to acquire 100% of Hughes Gas Resources, Inc. (EPCOR Texas Gas) from EPCOR USA for $60 million. The deal is expected to close in the second quarter of 2025 as SiEnergy expands its natural gas utility presence in the Houston metro area.
-
- Buyer
- Stone Ridge Holdings Group
- Target
- Wincoram Asset Management
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Stone Ridge Holdings Group has acquired Wincoram Asset Management, a capital solutions provider to the physical and financial energy markets, integrating Wincoram into its Stone Ridge Energy (SRE) team to accelerate energy asset acquisitions. The deal formalizes a five-year partnership during which the firms invested roughly $7 billion across more than 10 GW of energy assets and aims to expand Stone Ridge's capabilities in sourcing and operating stranded natural gas and related energy assets.
-
April 2, 2025
- Buyer
- Iron Oak Energy Solutions LLC
- Target
- High Roller Sand
- Seller
- High Roller Group
- Industry
- Energy
- Location
- Texas, United States
- Type
- Addon
Iron Oak Energy Solutions LLC has acquired High Roller Sand, adding a low-cost proppant facility near Kermit in Winkler County, Texas to expand its Permian Basin footprint and increase in-basin production capacity. The acquisition raises Iron Oak's annual production capacity and strengthens its network to serve Midland and Delaware Basin operators more reliably.
-
April 1, 2025
- Buyer
- RPC, Inc.
- Target
- Pintail Alternative Energy, L.L.C. (d/b/a Pintail Completions)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
RPC, Inc. (NYSE: RES) acquired Pintail Alternative Energy, L.L.C. (d/b/a Pintail Completions) effective April 1, 2025, for approximately $245 million in a deal funded with cash, restricted stock and a seller note. Pintail, headquartered in Midland, Texas, is a leading provider of oilfield wireline completions services in the Permian Basin; the acquisition expands RPC's completion service lines and Permian geographic footprint while adding a high-margin, cash-generative wireline business.
-
March 26, 2025
- Buyer
- Pennybacker Capital Management
- Target
- Baseline Energy Services
- Seller
- Tug Hill Capital, Alturus Capital Partners, Donovan Ventures
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Pennybacker Capital Management has acquired Baseline Energy Services, a provider of low-carbon, mobile distributed power generation solutions that owns and operates ~210 MW across ~1,200 mobile units. Baseline's existing management, led by CEO Graham Radler, will remain in place as Pennybacker provides capital to expand the fleet (targeting up to 1 GW) and grow its presence across data center, industrial and energy end markets; prior investors Tug Hill Capital, Alturus Capital Partners and Donovan Ventures were thanked for their partnership.
-
March 18, 2025
- Buyer
- Bidgely
- Target
- Grid4C
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Bidgely has acquired Grid4C to expand its AI-driven energy analytics capabilities, integrating Grid4C’s fault detection, diagnostics and DER/load forecasting into Bidgely’s UtilityAI Platform. The acquisition strengthens Bidgely’s grid-side and customer engagement offerings, enabling new use cases such as appliance fault prediction, granular load forecasting, and enhanced demand response and DER optimization for utilities.
-
- Buyer
- Voyager Interests, LLC
- Target
- Tejas Completion Services, LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Voyager Interests, a private equity firm focused on energy services, has made a majority investment in Tejas Completion Services, a Midland, Texas-based specialty pumping and completion services provider. As part of the deal, Voyager will merge its existing portfolio company VooDoo Energy Services into Tejas to support fleet, service-line expansion and growth in the Permian Basin; financial terms were not disclosed.
-
March 17, 2025
- Buyer
- T1 Energy Inc.
- Target
- Trina Solar Co., Ltd. (U.S. manufacturing assets)
- Seller
- Trina Solar Co., Ltd.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
T1 Energy Inc. (formerly FREYR) acquired the U.S. solar manufacturing assets of Trina Solar Co., Ltd. for $621 million, including a 5 GW, 1.35 million sq. ft. module facility in Wilmer, Texas (now named G1 Dallas). The asset purchase was announced November 6, 2024 and closed December 24, 2024 as part of T1's strategy to build a vertically integrated U.S. solar and battery manufacturing supply chain.
-
March 14, 2025
- Buyer
- Quorum Software
- Target
- zdSCADA
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Quorum Software has acquired cloud-based SCADA provider zdSCADA to integrate real-time supervisory control and data acquisition into its Upstream On Demand suite. The deal expands Quorum’s digital oilfield capabilities by combining zdSCADA’s cloud SCADA with Quorum’s measurement and upstream software to deliver unified, real-time production and measurement workflows for oil and gas operators.
-
March 14, 2025
- Buyer
- Diversified Energy Company PLC
- Target
- Maverick Natural Resources
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Diversified Energy Company PLC has completed its acquisition of Maverick Natural Resources. The transaction was partly satisfied by the issuance of 21,194,213 new ordinary shares and will see Maverick CEO Rick Gideon become Diversified's Chief Operating Officer effective March 18, 2025.
-
March 10, 2025
- Buyer
- SubTerra Engineering Corporation
- Target
- Cavern Solutions Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
SubTerra Engineering Corporation, a Calgary-based subsurface EPC firm, has acquired Houston-headquartered Cavern Solutions Inc., a specialist in underground salt cavern, reservoir storage and disposal engineering. The deal expands SubTerra’s capabilities and geographic footprint across North America, strengthening its offerings in underground storage, disposal, carbon capture and hydrogen projects.
-
February 12, 2025
- Buyer
- Funds managed by Apollo affiliates (Apollo Funds), Apollo Global Management, Inc.
- Target
- Bold Production Services, LLC
- Seller
- OFS Energy Fund
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Funds managed by Apollo affiliates have acquired a majority interest in Bold Production Services, a Houston-based provider of contracted natural gas treatment solutions. The investment will support Bold's growth and expansion of its fleet and services to meet rising U.S. natural gas demand across Permian and Eagle Ford basins.
-
February 10, 2025
- Buyer
- United Energy (MENA) Limited, United Energy Group Limited
- Target
- Apex International Energy
- Seller
- Bluewater
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Bluewater, a specialist energy private equity firm, has signed an agreement to sell Houston-headquartered Apex International Energy to United Energy (MENA) Limited, a wholly-owned subsidiary of Hong Kong-based United Energy Group Limited. The transaction is subject to governmental approvals and customary conditions precedent.
-
February 4, 2025
- Buyer
- An affiliate of Tres Energy LLC (Tres Energy LLC)
- Target
- Adams Resources & Energy, Inc.
- Seller
- Adams Resources & Energy stockholders
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
An affiliate of Tres Energy LLC acquired Adams Resources & Energy, Inc. in a take-private transaction that closed February 4, 2025, with Adams shareholders receiving $38.00 per share. The deal (approximately $138.9 million equity value) takes the Houston-based oil marketing, transportation and terminals operator private to consolidate its midstream, transportation and recycling operations under Tres Energy.
-
- Buyer
- Berkshire Partners
- Target
- Electric Power Engineers
- Seller
- Lime Rock New Energy
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Electric Power Engineers (EPE), an Austin-based power systems engineering and consulting firm, received a strategic growth investment from Boston-based private equity firm Berkshire Partners. Lime Rock New Energy, the prior investor from 2021, has fully realized its investment; EPE management will remain significant investors and continue to lead the company. Advisory firms on the transaction were AEC Advisors for EPE and Houlihan Lokey for Berkshire.
-
December 31, 2024
- Buyer
- Lion Equity Partners
- Target
- Global Compression Services
- Seller
- Warren Equipment Company
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Lion Equity Partners, a Denver-based private equity firm, has acquired Global Compression Services (GCS) from Warren Equipment Company. GCS, headquartered in Midland, Texas, is a global distributor and manufacturer of OEM and aftermarket parts for reciprocating natural gas engines and compressors; Lion Equity said the acquisition will support growth, capability expansion, and operational improvements in the natural gas compression aftermarket.
-
December 5, 2024
- Buyer
- Arcadia Biosciences, Inc
- Target
- Roosevelt Resources LP
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Arcadia Biosciences and Roosevelt Resources LP entered into a definitive securities exchange agreement for an all-stock transaction that will combine the two companies. Under the terms, Arcadia will issue shares of its common stock to Roosevelt partners in exchange for Roosevelt equity, with the Roosevelt equity owners expected to own about 90% of the combined company.
-
- Buyer
- Covia Energy LLC, Black Mountain Sand Holdings LLC, Anchorage Capital Advisors L.P., Golden Gate Capital, NGP
- Target
- Covia Energy LLC, Black Mountain Sand Holdings LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Covia Energy LLC and Black Mountain Sand Holdings LLC have merged in an all-stock transaction to form Iron Oak Energy Solutions, a proppant supplier with roughly 30 million tons of annual production capacity and operations across major North American shale basins. The combined company is privately sponsored by Anchorage Capital Advisors, Golden Gate Capital, and NGP and will be headquartered in Houston, Texas to serve producers with both in-basin and Northern White sand assets.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.
Frequently Asked Questions
What types of energy acquisitions show up most in Texas?
Common themes include midstream and logistics expansion, electrical/automation and controls services, and natural gas supply, trading, and optimization—alongside select deals tied to nuclear and small modular reactor (SMR) capabilities.
Which buyers are repeatedly represented in Texas energy acquisitions?
Recurring names include USA Compression Partners LP (USAC), Constellation Energy Corporation, LS Power, NextEra Energy Resources, MidCentral Energy Partners, and Iron Oak Energy Solutions LLC, among others shown.
Are the acquisitions limited to oil and gas, or do they include power and renewables?
They include power and renewables as well. Examples in the page facts feature onshore wind capacity from bp’s U.S. business and power generation scale tied to the acquisition of Calpine.
Do any deals focus on nuclear or SMR-related technology in Texas?
Yes. The page facts include acquisitions supporting nuclear and SMR commercialization, such as Mirion Technologies, Inc. acquiring Paragon Energy Solutions, and Natura Resources acquiring Shepherd Power with NOV Inc. as an investor/partner.