Excelerate Energy Acquires New Fortress Energy's Jamaica LNG and Power Platform

Pennybacker Acquires Miami LNG Business from New Fortress Energy

November 21, 2024

Energy

Pennybacker Capital Management has completed the acquisition of the Miami LNG business from New Fortress Energy. The small-scale liquefaction and distribution operation (producing ~8,300 MMBtu/day) will be led by newly appointed President & CCO Daniel McLaughlin and will focus on serving customers across Florida and the Caribbean.

Global Partners LP Acquires 25 Liquid Energy Terminals from Motiva Enterprises

December 21, 2023

Oil & Gas

Global Partners LP completed the acquisition of 25 liquid energy terminals from Motiva Enterprises LLC for $305.8 million in cash, supported by a 25-year take-or-pay throughput agreement with Motiva. The purchase nearly doubles Global's U.S. terminal footprint, expanding access to marine loading facilities and major refined-product pipelines to strengthen its supply, storage and retail network.

Hull Street Energy Acquires Four Long Island Power Plants from J-Power USA

January 30, 2025

Energy

Hull Street Energy (HSE) has acquired 100% of four New York thermal power plant companies — Edgewood Energy, LLC; Shoreham Energy, LLC; Pinelawn Power LLC; and Equus Power I, L.P. — from J-Power USA Generation, L.P. The portfolio (approximately 300 MW) will operate as part of HSE’s Milepost Power fleet to provide capacity and grid reliability to the Long Island market.

Fusion Capital Partners Acquires Excel Engineering, Inc.

January 6, 2026

Industrial Services

Los Angeles-based private equity firm Fusion Capital Partners has acquired Excel Engineering, a Diagonal, Iowa-based testing and certification firm that provides engine, powertrain, battery and emissions testing services to OEM and industrial customers. The transaction (terms undisclosed) is positioned as a growth-oriented, capability-expanding platform investment to scale Excel's testing capacity, capabilities and talent; Monroe Capital acted as a joint lead arranger on the senior credit facility supporting the deal.

Equinor and SSE Thermal Acquire Triton Power from Energy Capital Partners

June 28, 2022

Energy

Equinor and SSE Thermal have completed the £341 million acquisition of Triton Power from Energy Capital Partners, forming a 50:50 joint venture to own Triton. The deal includes the 1.2 GW Saltend Power Station and positions the buyers to decarbonise flexible power generation — including plans to prepare Saltend to run on up to 30% hydrogen from 2027 and eventual conversion to hydrogen — while supporting Equinor's H2H Saltend hydrogen project.

ENERGO-PRO Acquires Xallas Electricidad y Aleaciones (Xeal) and Feroe from Sixth Street

October 4, 2023

Renewable Energy

Czech independent power producer ENERGO-PRO has acquired 100% of the share capital of Xallas Electricidad y Aleaciones, S.A.U. (Xeal) and Feroe Ventures & Investments S.L.U. from Sixth Street. The deal, financed in part with a EUR 300 million bridge loan from J.P. Morgan and Goldman Sachs, adds ten hydropower plants (167 MW) and two ferroalloy plants in Galicia and secures a pumped-storage concession pipeline to ENERGO-PRO.