Energy / oil & gas

'Zombie' funds, unrealized assets, longer hold periods challenge PE model; Technology spending is driving education deals

Also featured is Sentinel's deal to sell NSI Industries to Hubbell Incorporated for $3 bn.

Sentinel sells electrical products maker NSI to Hubbell for $3bn

Sentinel acquired NSI in November 2024.

Platte River Equity scoops up electrical equipment supplier Tallman Equipment Company

This deal marks Platte River’s 100th acquisition since its founding in 2006.

TransAlta to buy two Blackstone-backed gas plants for $1bn

Based in Colorado, the companies own two new natural gas peaking facilities totaling 318 MW near Denver.

Post Oak sells oil and gas operator Switchgrass E&P

Switchgrass is focused on upstream assets in the Mid-Continent region, specifically operating producing assets in Oklahoma's SCOOP play.

DigitalBridge to acquire energy PE firm ArcLight for $1.05bn; KKR sells Circor’s aircraft parts group to strategic for $2.55bn

Power and infrastructure PE investor ArcLight Capital announces plans to be acquired by data center company DigitalBridge for $1.05 billion; some background intel about KKR’s sale of Circor’s aircraft fluid control, actuation and landing gear parts group to Parker-Hannafin for $2.6 billion.

Prospect Capital sells Valley Electric to MYR Group for $328m

The closing of the transaction is expected to occur on or about July 1, 2026.

DigitalBridge to acquire ArcLight for $1.05bn

The consideration includes a base purchase price of $650 million, plus up to an additional $400 million of contingent consideration.

EIG-backed MidOcean racks up $120m from The Arab Energy Fund

Based in Washington, DC, MidOcean is a liquefied natural gas company formed and managed by EIG.

Post Oak sells its UpCurve Energy assets

The transaction includes oil and gas assets located in the Southern Delaware Basin in West Texas.