Basalt Infrastructure Funds Acquire AEP OnSite Partners from American Electric Power

September 30, 2024

Funds advised by Basalt Infrastructure Partners LLC have completed the acquisition of AEP OnSite Partners from American Electric Power (AEP). AEP nets approximately $318 million in cash after taxes, transaction fees and customary adjustments; the sale received required regulatory clearances including FERC and HSR approvals.

Buyers
Basalt Infrastructure Partners (funds advised by Basalt Infrastructure Partners LLC)
Targets
AEP OnSite Partners
Sellers
American Electric Power (AEP)
Industry
Energy
Location
Ohio, United States
Transaction Type
Divestiture

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