ENGIE Ineo Acquires Powerlines from Gilde Buy Out Partners

Aecon Utilities Acquires Majority Stake in Xtreme Powerline Construction

July 2, 2024

Construction

Aecon Utilities Group Inc., a subsidiary of Aecon Group Inc., has acquired a majority interest in Xtreme Powerline Construction for a base purchase price of approximately US$73 million. The acquisition expands Aecon Utilities' U.S. electrical distribution capabilities and footprint — Xtreme, founded in 2007 and headquartered in Port Huron, Michigan, has ~300 employees and long-standing relationships with utility clients including DTE Energy.

EIS Acquires Power Grid Supply

November 2, 2023

Industrial Services

EIS, a North American specialty distributor of electrical process materials, has acquired Power Grid Supply, a supplier of transformer parts and components. The acquisition expands EIS's product portfolio and aftermarket capabilities for transformer OEMs, remanufacturers, field service contractors, and utilities, and will support geographic expansion across North America.

Energy Infrastructure Partners Acquires Minority Stake in Fluxys

February 22, 2023

Energy

Energy Infrastructure Partners (EIP), together with a consortium of Belgian institutional investors, acquired a 19.85% stake in Fluxys; Macquarie Asset Management provided acquisition debt financing to support the transaction. The investment — announced in September and completed in February 2023 after Belgian regulator approval — positions investors to support Fluxys' role in European gas infrastructure and its planned expansion into hydrogen and CO2 infrastructure.

MYR Group Acquires Powerline Plus Companies

January 4, 2022

Electrical Services

MYR Group Inc., through its Canadian subsidiary MYR Group Construction Canada, Ltd., acquired all issued and outstanding shares of Powerline Plus Ltd. and its affiliate (the "Powerline Plus Companies"). Powerline Plus is a Toronto‑headquartered full‑service electrical distribution construction company with combined average annual revenues of about $80 million; the acquisition expands MYR's transmission & distribution capabilities and geographic reach in Canada.

Bentley Systems Acquires Power Line Systems from TA Associates for ~$700M

November 16, 2021

Software

Bentley Systems agreed to acquire Power Line Systems, a Madison, Wisconsin–headquartered leader in transmission-line engineering software, from private equity firm TA Associates for approximately $700 million. The acquisition expands Bentley's grid integration and digital twin offerings by adding transmission-grade PLS products to its portfolio and will operate within Bentley's new Grid Integration Group upon closing.

Vertiv Acquires E&I Engineering Ireland Limited and Powerbar Gulf LLC

November 1, 2021

IT Services

Vertiv completed its previously announced acquisition of E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC (together, “E&I”) for approximately $1.8 billion in upfront consideration plus up to $200 million in additional cash based on 2022 profit milestones. E&I is a global provider of electrical switchgear and power distribution solutions used in critical data center power infrastructure.