Portland General Electric Agrees to Acquire PacifiCorp Washington Utility Operations for $1.9 Billion

Aegion Corporation Acquires Portland Utilities Construction Company, LLC

July 31, 2023

Infrastructure

Aegion Corporation acquired Portland Utilities Construction Company, LLC (PUCC), a trenchless pipe rehabilitation and underground utility contractor serving municipal clients across the U.S. Southeast and Texas. PUCC will continue operating under its current name with existing leadership and employees in place, and the acquisition expands Aegion's specialized pipeline rehabilitation capabilities and regional presence.

PDC Energy Acquires Great Western Petroleum, LLC

May 6, 2022

Energy

PDC Energy, Inc. completed the acquisition of privately held Great Western Petroleum, LLC, a Denver-based oil and gas producer. The deal included $543 million in cash consideration (less $50 million previously escrowed), approximately 4 million shares of PDC common stock, and PDC paid off Great Western’s secured credit facility and senior secured notes; PDC said the acquisition is accretive to its operating, ESG and financial metrics.

Macquarie Asset Management and Ontario Teachers Acquire 31.6% Stake in Puget Holdings

February 22, 2022

Infrastructure

Macquarie Asset Management (via the Macquarie Global Infrastructure Fund) and Ontario Teachers' Pension Plan Board agreed to jointly acquire a 31.6% stake in Puget Holdings from CPP Investments. The transaction closed after regulatory approvals, with Macquarie and Ontario Teachers each holding 15.8% after completion.

MPE Partners / MSHS Acquire Pacific Power Group

August 9, 2022

Industrial Services

MPE Partners, together with its portfolio company Motor-Services Hugo Stamp, Inc. (MSHS), has acquired Pacific Power Group (PPG), a Vancouver, Washington–headquartered provider of products, parts, and maintenance, repair and overhaul (MRO) services for marine, energy, commercial and industrial equipment. The deal creates a nationwide MRO, engine and controls service network by combining PPG's Western U.S., Alaska, Hawaii and Gulf locations with MSHS's Eastern U.S., Gulf and Pacific Northwest footprint to expand geographic coverage, technical capabilities and OEM access. Terms were not disclosed.

Greenbelt Capital Partners to Acquire Peak Utility Services Group from ORIX Capital Partners

March 11, 2026

Industrial Services

Greenbelt Capital Partners entered into a definitive agreement to acquire Peak Utility Services Group from ORIX Capital Partners. Peak provides maintenance, repair, and upgrade services for electric, gas, and telecommunications infrastructure across 15 states. The transaction is expected to close subject to customary regulatory approvals and closing conditions; terms were not disclosed.

Gladstone Investment Corporation Acquires Utah Pacific

July 30, 2021

Manufacturing

Gladstone Investment Corporation (NASDAQ: GAIN) acquired Utah Pacific Bridge & Steel, LLC and Mountain Pacific Transport, LLC (collectively, Utah Pacific) on July 30, 2021, in a transaction that included both equity and senior secured debt financing. Gladstone partnered with certain members of Utah Pacific's executive management; Utah Pacific is a Lindon, Utah–based manufacturer of large steel components used in bridge replacement, rehabilitation and construction across the Western U.S.