Hydro One Acquires 48% Interest in East‑West Tie Limited Partnership

Cameco and Brookfield Acquire Westinghouse Electric Company

November 3, 2023

Energy

Cameco and Brookfield (with Brookfield Renewable Partners and institutional partners) have completed their joint acquisition of Westinghouse Electric Company after receiving required regulatory approvals, with the transaction closing on or about November 7, 2023. Cameco will finance its share using a US$600 million term loan and available cash; the deal transfers ownership of Westinghouse (a leading nuclear technology and services provider headquartered in Cranberry Township, Pennsylvania) from Brookfield Business Partners to the new investor group.

Westinghouse Acquires 50% Stake in Tecnatom, Forms JV with Endesa

March 10, 2022

Energy

Westinghouse Electric Company has completed the acquisition of a 50% stake in Spanish engineering firm Tecnatom, purchasing shares previously held by Iberdrola and Naturgy. Tecnatom will be operated as a joint venture between Westinghouse and Endesa, strengthening Westinghouse's global nuclear capabilities in refueling, engineering and digital services.

Westinghouse Electric Company Acquires BHI Energy from AE Industrial Partners

April 14, 2022

Energy

Westinghouse Electric Company has completed its acquisition of BHI Energy from private equity firm AE Industrial Partners. The transaction brings together Westinghouse's nuclear technology platform and BHI's specialty outage, maintenance and transmission services to create an integrated outage services business and expand Westinghouse's capabilities across nuclear, power delivery and renewable markets; terms were not disclosed.

H2O Innovation Acquires NextEra Distributed Water

October 1, 2024

Environmental Services

H2O Innovation Inc. has acquired NextEra Distributed Water in a carve-out transaction, integrating the business into a new Water Infrastructure & Development business line to operate NextEra’s WaterHub assets. The acquisition brings in-house large-scale asset development and ownership capabilities — enabling H2O Innovation to offer turn-key onsite wastewater treatment and reuse projects delivered at no upfront capital cost and operated under long-term contracts; the deal is supported by follow-on investment from funds managed by Ember Infrastructure Management LP and existing minority owners.

Energy Transfer Acquires WTG Midstream for $3.25 Billion

May 28, 2024

Oil & Gas

Energy Transfer LP agreed to acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion, comprising $2.45 billion in cash and ~50.8 million newly issued Energy Transfer common units. The deal, from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, adds WTG's Permian-focused midstream assets — including a 6,000-mile pipeline network, eight processing plants (≈1.3 Bcf/d) and a 20% interest in the BANGL NGL pipeline — to Energy Transfer's footprint to enhance its gas/NGL supply, processing and downstream capabilities.

FirstLight Power Acquires Hydroméga Services Inc.

September 13, 2023

Energy

FirstLight Power has signed an agreement to acquire Hydroméga Services Inc., adding ownership interests in ten operating hydroelectric stations across Québec and Northeastern Ontario and a development pipeline of over 2 GW of wind, solar, storage, and hydro projects. The deal expands FirstLight's North American development pipeline to ~4 GW and increases its operating capacity in Québec and Ontario; the transaction was expected to close in Q4 2023 and remains subject to customary closing conditions.