Woodbridge Ventures II Inc. Amends Business Combination Agreement to Acquire/Combine With Greenflame Resources Inc.

Westbridge Renewable Energy S.A. to Sell Red Willow Solar-Plus-Storage Project in Alberta

August 28, 2026

Energy

Westbridge Renewable Energy S.A. has entered into a definitive share purchase agreement to sell its wholly-owned subsidiary, Red Willow Solar Inc., which holds the Red Willow utility-scale solar-plus-storage project in Alberta. The transaction will provide Westbridge with upfront cash at closing plus milestone payments, with total receivables targeted at CAD $26.725 million if conditions are met.

Greenfire Resources to Acquire Connacher Oil and Gas for C$1.277 Billion

July 14, 2026

Energy

Greenfire Resources Ltd. entered into a definitive agreement to acquire all issued and outstanding shares of Connacher Oil and Gas Limited for approximately C$1.277 billion in cash. The transaction is expected to close in August 2026 and will be financed through a mix of upsized reserves-based debt and a C$575 million bridge facility to be repaid via a planned rights offering supported by Waterous Energy Fund.

Waterous Energy Fund Purchases Shares of Greenfire Resources Ltd.

November 14, 2025

Energy

Waterous Energy Fund Management Corp., acting for certain Waterous Energy Fund III partnerships, purchased 1,926,055 common shares of Greenfire Resources Ltd. in a private transaction for C$6.65 per share (C$12.81 million), increasing its ownership in Greenfire to approximately 71.1% on an undiluted basis. The purchase represents an incremental strategic investment by Waterous to consolidate its position in the Calgary-based oil sands producer.

Heartwood Partners Closes $245M Continuation Vehicle for The Amlon Group

May 15, 2025

Environmental Services

Heartwood Partners closed a $245 million continuation vehicle on May 15, 2025 to extend its investment in The Amlon Group and provide liquidity to existing investors. Commitments came from Heartwood's GP alongside institutional investors including Apogem Capital, New 2ND Capital, Reinsurance Group of America, Mercer Investments, Round2 Investment Partners, Flexstone Partners and other syndicate investors to support Amlon's M&A pipeline, greenfield expansions and organic growth.

Waterous Energy Fund Management Closes Acquisition of 43.3% Stake in Greenfire Resources

November 11, 2024

Energy

Waterous Energy Fund Management Corp., acting for its Waterous Energy Fund III limited partnerships, closed its previously announced acquisition of 29,988,854 common shares of Greenfire Resources Ltd., representing about 43.3% of Greenfire’s issued and outstanding shares. The stake was acquired for cash consideration following regulatory approvals, including an Alberta Securities Commission decision to cease trade Greenfire’s initial shareholder rights plan.

CENAQ Energy Corp to Merge with Bluescape Clean Fuels to Become Verde Clean Fuels, Inc

September 28, 2022

Energy

Bluescape Clean Fuels Intermediate Holdings, LLC (BCF) is expected to merge with special purpose acquisition company CENAQ Energy Corp. (NASDAQ: CENQ). The combined company will be renamed Verde Clean Fuels, Inc. and is expected to become publicly listed on the Nasdaq under the ticker symbol “VGAS,” with an anticipated closing in the first quarter of 2023.