ARC Energy Fund 8 Take-Privates STEP Energy Services Ltd. for $5.50 Per Share

Oaktree Acquires Stake in Enercon Services from AE Industrial Partners

February 8, 2023

Engineering Services

Funds managed by Oaktree Capital Management have made a significant investment in Enercon Services, Inc., partnering with management to support the company's growth and strategic plans. AE Industrial Partners sold its stake in Enercon as part of the transaction; terms were not disclosed.

Arcfield Acquires Strategic Technology Consulting (STC)

August 8, 2023

Engineering Services

Arcfield has completed the acquisition of Strategic Technology Consulting (STC), a provider of model-based systems engineering (MBSE) and digital engineering services. STC will operate as a subsidiary of Arcfield and expand Arcfield's digital engineering, MBSE and digital twin capabilities to support government and commercial customers; Arcfield is PE-backed and headquartered in Chantilly, Virginia.

MasTec Acquires Infrastructure and Energy Alternatives (IEA)

July 25, 2022

Energy

MasTec has agreed to acquire Infrastructure and Energy Alternatives, Inc. (IEA) in a cash-and-stock transaction valued at approximately $1.1 billion, with IEA shareholders receiving $14.00 per share. The deal expands MasTec's clean energy and infrastructure capabilities—adding nearly 6,000 IEA employees, union-based clean energy power generation services, and broadened renewable project and heavy-civil expertise—and is expected to close in late Q4 2022 subject to customary approvals.

STP Investment Services Acquires Tower Fund Services

November 30, 2021

Financial Services

STP Investment Services has acquired third-party fund administrator Tower Fund Services to expand its alternative asset fund administration capabilities and bring Tower clients onto STP's BluePrint technology platform. The transaction strengthens STP's alternative investing offering and aims to deliver enhanced operational technology and service to Tower's clients.

GEF Capital Partners Invests in Next Step Energy Solutions

January 17, 2024

Energy

GEF Capital Partners has completed a growth investment in Next Step Energy Solutions (NSES), a Littleton, Colorado–based provider of turnkey LED lighting retrofit and tech-enabled energy efficiency services. The investment will help NSES expand its customer base and geographic reach across the United States to meet growing demand for energy efficiency solutions.

ArcLight Capital Partners Acquires Advanced Power

July 24, 2025

Energy

ArcLight Capital Partners has acquired Advanced Power and committed an initial $1 billion equity investment to accelerate development of modern power infrastructure. The partnership could deploy more than $5 billion over five years to support over 20 GW of new generation and 10+ GWh of storage, targeting utilities, data center developers and hyperscalers across North America.