Energy Buyout Acquisitions in 2026

Dallas-based private equity firm Trive Capital has made a control investment in Rolfson Oil, a Texas-headquartered fuel, oils and lubricants distributor focused on energy customers. Subsequent to Trive's investment, Rolfson acquired Oklahoma City-based Flint Logistics Group to expand its fuel delivery, onsite storage and lubricant distribution footprint across the Southwest U.S.

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.

Zeitview, an AI-driven asset intelligence company, has acquired Insight M, a methane detection and analytics firm, marking Zeitview's formal entry into the oil and gas sector. The deal combines Insight M's aircraft-based methane detection and basin-scale analytics with Zeitview's global visual-inspection platform to expand capabilities for emissions mitigation and asset intelligence across energy infrastructure.

Reges Elektrik has acquired Tuşpa Enerji Üretim A.Ş. and its 70 MW Demirli Wind Power Project in Kaman, Kırşehir from RES Türkiye (a subsidiary of RES Group). The project will deploy 10 ENERCON E-175 EP5 E2 turbines — the first deployment of this model in Turkey — marking Reges Elektrik's strategic expansion from energy supply into power generation and renewable asset ownership.

BKV Corporation acquired one-half of Banpu Power US Corporation’s (BPPUS) interest in BKV-BPP Power, LLC for approximately $115.1 million in cash and 5,315,390 newly issued BKV common shares, increasing BKV’s ownership in the power joint venture to 75% from 50%. The transaction gives BKV majority control of the JV (which owns the Temple I and II combined-cycle gas power plants in Temple, Texas) to consolidate results and accelerate expansion of its power operations in the ERCOT market.

SM Energy Company has completed its all‑stock merger with Civitas Resources, with the combined company retaining the SM Energy name and NYSE ticker "SM." Beth McDonald was named president and CEO and Blake McKenna named EVP and COO; the enlarged board now has 11 members (six from SM, five from Civitas). Management highlighted a $200–$300 million annual synergy target and plans to pursue at least $1.0 billion of divestitures over the next year to drive higher free cash flow and strengthen the balance sheet.

Electric Power Engineers (EPE), a global advisory and engineering firm headquartered in Austin, Texas, has acquired Estudios Eléctricos, a South American power systems engineering firm founded in Argentina with teams in Argentina, Chile and Colombia. The acquisition expands EPE's grid-planning and software-enabled capabilities across Latin America and advances the firm's regional presence and service offerings to utilities, developers, data centers and public-sector clients.

Fresnillo plc completed an all-cash acquisition of Probe Gold Inc. for approximately C$780 million (C$3.65 per share), closing on 22 January 2026. The deal gives Fresnillo ownership of Probe’s Novador project in the Val d'Or district (Quebec), expanding Fresnillo’s geographic footprint and gold resource base in Canada.

SkyFire Energy Inc. has acquired Hakai Energy Solutions, a British Columbia–based renewable energy firm specializing in grid-tied and remote off-grid solar and microgrid systems. The acquisition expands SkyFire's presence across Vancouver Island, coastal British Columbia and remote communities and strengthens its capabilities in solar, microgrid and battery energy storage systems, creating a combined team of roughly 200 employees.

Energy Management Collaborative (EMC) has acquired Earth Savers, an LED and smart lighting solutions provider with deep experience in healthcare facilities, to broaden EMC’s healthcare offering and service capabilities across North America. The deal pairs EMC’s national footprint and broader energy-efficiency services with Earth Savers’ specialized healthcare expertise to accelerate growth in healthcare accounts and expand service capacity.

SLB has completed the acquisition of RESMAN Energy Technology, a Norway-headquartered provider of wireless reservoir surveillance and tracer solutions. The deal integrates RESMAN's tracer technology into SLB's production and recovery portfolio to deliver faster, more precise reservoir insights and improved operational efficiency for operators.

USA Compression Partners LP (USAC) has completed the acquisition of J‑W Power Company for approximately $860 million, funded with $430 million drawn from its revolving credit facility and the issuance of about 18.2 million common units at an effective price of $23.50 per unit. The deal adds more than 0.8 million active horsepower to USAC’s fleet across major U.S. basins (bringing total active horsepower to ~4.4 million), expands aftermarket services and parts distribution capabilities, and diversifies the commercial customer base.

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.

Constellation Energy completed its acquisition of Calpine Corporation from Energy Capital Partners, creating the largest electricity producer in the United States with a combined 55 GW of generating capacity and ~2.5 million retail and business customers. The deal brings Calpine's natural gas and geothermal fleet together with Constellation's nuclear platform to expand capabilities, scale in high-demand regions (notably Texas and California), and support emerging clean-energy technologies.

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.

Alphabet Incorporated has agreed to acquire Intersect Power, an independent power producer focused on utility-scale solar, wind and battery energy storage systems (BESS). The all-cash deal values Intersect at $4.75 billion plus assumption of debt and brings multiple gigawatts of commissioned and in-development generation and storage capacity — including projects co-located with data centers — into Alphabet's portfolio to help secure power for its data center footprint.

Jabil Inc. completed the acquisition of Hanley Energy Group on January 2, 2026, for approximately $725 million in cash plus up to $58 million of contingent consideration. The purchase brings Hanley's rack-to-rack data center power and energy-management capabilities into Jabil to expand its rack-level power management and thermal solutions for AI-focused hyperscalers and large data center customers.