Vicinity Energy Acquires Morgantown Energy Associates (WVU District Energy System)

Harrison Street and Kenon Agree to Acquire Majority Interest in Vicinity District Energy

September 30, 2026

Utilities

Harrison Street Asset Management and Kenon Holdings agreed to acquire a majority interest in Vicinity District Energy from an entity related to Antin Infrastructure Partners, in a transaction valuing Vicinity at approximately $2.92 billion. Kenon will acquire a 25% equity interest for approximately $450 million, with Harrison Street participating through a joint venture partnership; closing is expected in the first half of 2027, subject to customary regulatory approvals.

174 Power Global Retail Corporation Acquires Powervine Energy in PJM

July 29, 2026

Energy

174 Power Global Retail Corporation, a wholly owned subsidiary of Hanwha Energy USA Holdings Corporation, has acquired Powervine Energy, LLC and Powervine Energy MD, LLC to enter the competitive PJM retail electricity market. The retailer plans to market and sell retail electricity under the Chariot Energy Northeast and Powervine Energy brands, with product availability and terms varying by state.

West Virginia American Water Acquires Jefferson Utilities

October 2, 2023

Utilities

West Virginia American Water, a subsidiary of American Water, completed the acquisition of Jefferson Utilities (including assets of Valley Water and Sewer Services, Shenandoah Junction Public Sewer and East Jefferson Sewer Services) for $27 million. The combined systems serve 3,978 customer connections across Jefferson, Berkeley and Morgan counties; the buyer plans infrastructure updates and will transition customers to West Virginia American Water service and PSC-established rates. The seller/owner, Lee Snyder, is retiring after building the systems over 25 years.

Majors Management Acquires Tri-State Petroleum Corporation Assets

December 17, 2021

Retail

Majors Management, LLC acquired the assets of Tri-State Petroleum Corporation, including 25 company-operated convenience stores and eight wholesale dealer accounts in the tri-state region of western Pennsylvania, northern West Virginia and eastern Ohio. The acquisition expands Majors' geographic footprint into Pennsylvania and West Virginia while bolstering its presence in Ohio.

Energy Services of America Acquires WV Pipeline, Inc.

December 16, 2020

Industrial Services

Energy Services of America Corporation formed a wholly owned subsidiary, West Virginia Pipeline Acquisition Company, and entered an asset purchase agreement to acquire substantially all assets of WV Pipeline, Inc. for $3.5 million cash plus a $3.0 million seller note; the transaction was expected to close December 31, 2020. The acquisition expands Energy Services' capabilities and geographic presence in gas and water distribution utility services in southern West Virginia, and WV Pipeline's leadership (David and Daniel Bolton) will remain with the business.

Antin Infrastructure Partners Acquires Veolia's US District Energy Business

July 31, 2019

Energy

Antin Infrastructure Partners agreed to acquire Veolia Environnement's US district energy business for an enterprise value of $1.25 billion. The business — the largest district energy provider in the United States, operating 13 district heating/cooling systems and employing more than 400 people — will be run as a standalone platform to pursue optimization, network densification, energy services and further growth.