SM Energy Completes All-Stock Merger with Civitas Resources

Bonanza Creek and Extraction Merge and Acquire Crestone Peak; Rebrand as Civitas Resources

November 1, 2021

Oil & Gas

Bonanza Creek Energy and Extraction Oil & Gas completed their merger and subsequently acquired Crestone Peak Resources, rebranding the combined company as Civitas Resources (NYSE: CIVI). The transaction creates the largest pure‑play energy producer in Colorado's Denver‑Julesburg (DJ) Basin, with a stated focus on operational discipline, free cash flow generation and ESG leadership.

Civitas Resources Acquires Bison Oil & Gas II, LLC for ~$300M

March 1, 2022

Oil & Gas

Civitas Resources, Inc. has closed its acquisition of Denver-Julesburg Basin operator Bison Oil & Gas II, LLC for approximately $300 million in cash. The deal adds 102 gross locations (38 fully permitted) and ~9,000 Boed of pro forma 2022E production to Civitas' portfolio, and is expected to be accretive to production, EBITDA and free cash flow while preserving a strong balance sheet.

Complete Solar and Solaria Merge to Form Complete Solaria

November 7, 2022

Renewable Energy

Complete Solar and Solaria completed a merger to form Complete Solaria, a vertically integrated residential solar company combining manufacturing, distribution, installation, financing and software capabilities. The combined business is expected to generate approximately $120 million in 2022 (with further growth projected), and the company has announced a planned business combination with SPAC Freedom Acquisition I Corp. to provide public-market financing.

Blackstone Acquires Civica from Partners Group

November 22, 2023

Software

Blackstone has entered into a definitive agreement (closed May 2, 2024) to acquire Civica, a global leader in public‑sector software, from Partners Group. The buyout will support Civica's next phase of growth and global expansion across government, health and education markets; financial terms were not disclosed.

Orchestra (O2 Investment Partners) Acquires Civitas Public Affairs Group

September 1, 2024

Marketing & Advertising

O2 Investment Partners, through its Orchestra communications platform, has acquired and partnered with Civitas Public Affairs Group, a bipartisan policy and strategy advisory firm. Civitas will retain its brand and leadership while joining Orchestra’s integrated public affairs and communications platform; terms were not disclosed.

Spring Valley Acquisition Corp. Merges with NuScale Power to Create Public SMR Company

May 2, 2022

Energy

NuScale Power completed a business combination with Spring Valley Acquisition Corp., becoming a publicly traded company (NYSE: SMR) and receiving approximately $380 million in gross proceeds, including $235 million from PIPE investors. The transaction provides capital to accelerate commercialization of NuScale’s small modular reactor (SMR) technology and includes participation from strategic and financial investors such as DS Private Equity, Nucor, SailingStone Capital Partners, Samsung C&T, Segra Capital Management and Pearl Energy Investment Management.