Energy / oil & gas

Hull Street Energy to acquire Consumers Energy's hydropower fleet

The hydropower fleet comprises 13 dams across Michigan with a combined installed capacity of 132 MW.

Ariel Alternatives buys Groome Industrial Service Group; Rhône Group to acquire Copperweld Bimetallics from Kinderhook

A pair of power- and utility-focused exclusives: Ariel Alternatives acquires Groome Industrial Service Group from Argosy Private Equity; and Rhône Group and Kinderhook Industries reach an agreement under which Rhône will acquire a 110-year-old manufacturer of bimetallic power and grounding conductors. Also: Sverica Capital Management makes a growth investment in Raken, a field management software provider to the construction industry; and Arcapita acquires a majority equity stake in C&K Paving, a provider of parking lot maintenance services.

Windjammer acquires PDU Cables and Engineered Products Company

PDU Cables provides power cable solutions for data centers and EPCO is a supplier of specialty products to electrical distributors.

Data center-fueled electricity demand is driving up valuations for power infra, with Blackstone and Kohlberg among the buyers

Vision Ridge Partners has acquired FortisTCI, an electric utility serving the Turks and Caicos Islands in the West Indies.

Vision Ridge acquires electric utility firm FortisTCI

In connection with the ownership transition, the company has rebranded as Pelican Energy TCI.

TPG to acquire energy software provider Irth from Blackstone

The transaction is expected to close in late 2025.