OnSite Partners Acquires One Power Company to Expand Distributed Generation Portfolio

Basalt Infrastructure Funds Acquire AEP OnSite Partners from American Electric Power

September 30, 2024

Energy

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.

ServicePower Acquires PlusOne Solutions

June 6, 2025

Cloud & SaaS

ServicePower acquired PlusOne Solutions in a strategic deal that closed on June 6, 2025, integrating PlusOne's background screening and contractor compliance capabilities into ServicePower's AI-powered field service management platform. The combination will provide customers access to an expanded suite of compliance and workforce optimization tools and more than 79,000 vetted contractors across HVAC, plumbing, electrical and other home-service trades. Financial terms were not disclosed.

insightsoftware Acquires Power ON

February 8, 2023

Cloud & SaaS

insightsoftware, a provider of reporting, analytics, and performance management solutions, has acquired Power ON, a US-based company that adds writeback and planning capabilities to Microsoft Power BI. The acquisition expands insightsoftware’s operational planning and Power BI integration capabilities for enterprise customers, enabling real-time planning and data collection directly within Power BI.

Concentric, an OnPoint Group Company Acquires Industrial Power Products

July 27, 2022

Industrial Services

Concentric, LLC (an OnPoint Group company) has acquired Industrial Power Products, the largest motive power distributor in the Mid-South, adding seven branch locations and factory-trained service technicians. The deal expands Concentric's service footprint across West Tennessee, Arkansas, Louisiana and Mississippi and brings Industrial Power Products' digitally-enabled forklift power services into Concentric's ConcentricCARE platform; owners Scott and Michelle Monteath will remain in their roles.

One Equity Partners Acquires EthosEnergy

August 28, 2024

Industrial Services

One Equity Partners (OEP), a middle market private equity firm, has acquired EthosEnergy, a global independent service provider for rotating equipment serving power generation, energy, industrial and aerospace & defense markets. The transaction supports EthosEnergy's growth as demand for maintenance, repair and overhaul (MRO) and outsourced operations & maintenance rises amid secular tailwinds in gas power and broader electrification trends.

GE Digital to Acquire Opus One Solutions Energy Corporation

December 21, 2021

Software

GE Digital entered into an agreement to acquire Opus One Solutions Energy Corporation, a software company that helps electric utilities optimize energy planning, operations, and market management. The combined portfolio is intended to enable utilities to plan, onboard, manage, optimize, and trade renewables and Distributed Energy Resources (DERs) across the electric grid. The deal terms were not disclosed and the transaction is expected to close within 30 days.