Cameco and Brookfield Acquire Westinghouse Electric Company

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.

Westinghouse Acquires Laveer Engineering

May 3, 2021

Energy

Westinghouse Electric Company has signed a definitive agreement to acquire Laveer Engineering, a specialized nuclear engineering firm headquartered in Burlington, Ontario, Canada. The acquisition expands Westinghouse's CANDU capabilities—adding tooling, plant design and outage maintenance expertise—and strengthens its service offerings to CANDU reactor operators worldwide; the transaction is subject to customary closing conditions and regulatory approvals.

Westinghouse Acquires Midwest Equipment Sales with Financing from WhiteHorse Capital

October 10, 2024

Consumer Products

Westinghouse Electric & Manufacturing Company, LLC has acquired Midwest Equipment Sales, LLC. WhiteHorse Capital provided a new first-lien credit facility to support the acquisition, refinance existing debt, and pay related transaction expenses; Westinghouse says the deal will help restore its manufacturing and product-innovation capabilities and leverage MWE's retail relationships.

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

March 4, 2025

Utilities

Hydro One Networks Inc., a wholly‑owned subsidiary of Hydro One Limited, completed the acquisition of an approximately 48% interest in the East‑West Tie Limited Partnership for roughly $261 million (inclusive of closing adjustments). The partnership owns the 450‑kilometre, 230‑kV East‑West Tie transmission line between Wawa and Thunder Bay, Ontario; remaining owners include the Bamkushwada Limited Partnership (approx. 3.5%) and affiliates of NextEra Energy Canada (approx. 48%).

Family Office-Led Consortium Acquires PureWest Energy

May 31, 2023

Oil & Gas

PureWest Energy, a Rocky Mountain independent natural gas producer, completed an all-cash merger with a private consortium of family offices and financial institutions (the "PW Consortium") for $1.84 billion. The company will remain branded PureWest with its existing management and employees in place; the transaction included a $200 million asset-backed notes offering and a divestiture of producing wellbores to vehicles managed by Wincoram Asset Management.