Energy / oil & gas

First Reserve-backed Palmdale Oil buys Maassen Oil Company

Palmdale is a provider of fuels, propane, lubricants, and chemicals with delivery solutions across the state of Florida.

Aurora Capital snaps up generator provider GenServe

Lazard and KeyBanc Capital Markets served as financial advisors to GenServe while Piper Sandler served as financial advisor to Aurora.

Quantum Capital to acquire power producer Cogentrix from Carlyle for $3bn

The transaction is expected to close between the fourth quarter of 2024 and the first quarter of 2025.

Trilantic North America-backed Sunbelt Solomon Services snaps up Maxima Power Group

Sunbelt Solomon is a provider of customized electrical power solutions and services.

PE-backed PSC Group acquires Delta Petroleum Company

PSC is a provider of on-site logistics and repair services to critical petrochemical companies.

HSE to acquire four New York thermal power plants from J-Power USA

The portfolio includes Edgewood Energy, LLC, Shoreham Energy, LLC, Pinelawn Power LLC, and Equus Power I, L.P.

Brookfield to buy nVent’s thermal management biz in $1.7bn deal

Thermal Management segment includes Raychem and Tracer brands.

Renewable power company BrightNight inks $440m investment from Goldman Sachs Alternatives

In addition to Goldman Sachs, current BrightNight investors and partners include Global Infrastructure Partners and CPPIB-backed Cordelio Power.

KKR completes acquisition of solar developer Avantus

As a result of this transaction, KKR and EIG are the sole equity investors in Avantus.

I Squared to scoop up energy management services firm Priority Power from Ara Partners and Oaktree

Priority Power CEO Brandon Schwertner will continue in this role remain an equity holder in the company following the completion of the transaction.