Cameco and Brookfield Renewable 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.

RWE to Acquire Con Edison Clean Energy Businesses for $6.8 Billion

October 3, 2022

Renewable Energy

Consolidated Edison, Inc. agreed to sell its wholly owned subsidiary Con Edison Clean Energy Businesses, Inc. and its subsidiaries to RWE Renewables Americas, LLC for $6.8 billion. The deal is subject to customary closing conditions and is expected to close in the first half of 2023.

United Utility Services Acquires BHI Power Delivery from Westinghouse

February 13, 2023

Infrastructure

United Utility Services, a Bernhard Capital Partners-backed utility services platform, has acquired BHI Power Delivery from Westinghouse Electric Company. The acquisition adds BHI’s transmission, substation and distribution capabilities and more than 1,200 employees and 170+ crews, expanding United Utility’s geographic footprint and creating one of the largest independent U.S. transmission & distribution services providers.

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.