Natural Resources

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.

Hull Street to acquire FirstLight USA from PSP Investments

The transaction includes a portfolio of nearly 1,400 MW of clean, reliable generation in the Northeast.

General Atlantic invests in PowerGEM

PowerGEM’s existing backer is TA Associates, which has been an investor in the company since 2024.

Houlihan Lokey’s JP Hanson flags $30bn of oil and gas assets coming to market; GenNx360 exits Precision Aviation to VSE for $2bn

Insight on the Iran War’s impact on upstream energy M&A deals, with talking points from Houlihan Lokey’s global head of oil and gas JP Hanson.; highlighting the top three PE-backed deals of 2026 in the oil and gas market; the weekly companies-for-sale update, which touches on GenNx360 Capital’s sale of an aviation MRO business to a strategic for above $2 billion deal value.