Family Office-Led Consortium Acquires PureWest Energy

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.

Nwestco Acquires Petro West

July 31, 2025

Industrial Services

Nwestco, a Denver-based provider of fuel and car wash equipment and services owned by Guardian Capital Partners, has acquired Petro West, a fuel services and equipment provider serving Utah, Nevada and Arizona. The deal closed July 31, 2025 with terms not disclosed and is intended to expand Nwestco's presence and capabilities in the Intermountain region.

Cameco and Brookfield Acquire Westinghouse Electric Company

November 3, 2023

Energy

Cameco and Brookfield (with Brookfield Renewable Partners and institutional partners) have completed their joint acquisition of Westinghouse Electric Company after receiving required regulatory approvals, with the transaction closing on or about November 7, 2023. Cameco will finance its share using a US$600 million term loan and available cash; the deal transfers ownership of Westinghouse (a leading nuclear technology and services provider headquartered in Cranberry Township, Pennsylvania) from Brookfield Business Partners to the new investor group.

Energy Transfer LP to Acquire Crestwood Equity Partners LP

August 16, 2023

Oil & Gas

Energy Transfer LP has entered into a definitive agreement to acquire Crestwood Equity Partners LP in an all-equity transaction valued at approximately $7.1 billion (including assumed debt). The deal extends Energy Transfer’s midstream footprint deeper into the Williston, Delaware and Powder River basins and adds gathering, processing, storage and terminal assets that complement its existing NGL, crude and export capabilities.

Blackstone Energy Transition Partners Makes Majority Investment in Westwood Professional Services

August 7, 2024

Engineering Services

Private equity funds affiliated with Blackstone (Blackstone Energy Transition Partners) have agreed to make a majority investment in Westwood Professional Services, Inc., acquiring the stake held by Endurance Partners and Palm Beach Capital while Westwood management and employee shareholders retain a minority interest. Westwood, a Plano, Texas–based engineering and design firm with more than 1,600 employees, serves renewables, power, real estate and public infrastructure end markets and will leverage Blackstone's resources to expand capabilities across those markets.

Western Midstream Acquires Meritage Midstream for $885M

September 5, 2023

Energy

Western Midstream Partners, LP agreed to acquire Meritage Midstream Services II, LLC in an all-cash transaction for $885 million to expand its Powder River Basin footprint. The deal adds ~1,500 miles of gathering pipelines, ~380 MMcf/d processing capacity and the Thunder Creek NGL pipeline; closing was expected in Q4 2023 subject to customary approvals.