Tracked deals
1222
1222 tracked deals across 2009-2026.
Tracked deals
1222
1222 tracked deals across 2009-2026.
Buyer mix
Mixed buyer set
982 strategic · 544 pe
Top trend
Volume peaked in 2026
226 tracked deals announced in 2026.
Primary Insight
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Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Ara Partners | 8 | Private equity firm specializing in industrial decarboniz... | PE |
| BP Energy Partners, LLC | 7 | Dallas-based growth-oriented private equity firm focused ... | PE |
| Qualus Corporation | 7 | Pure-play power services firm offering advisory, planning... | Strategic (PE-backed) |
| RESA Power, LLC | 7 | Market leader in power systems electrical testing, transf... | Strategic (PE-backed) |
| 424 Capital | 6 | Private equity firm making control equity investments in ... | PE |
| Bernhard Capital Partners | 6 | Infrastructure- and services-focused private equity firm ... | PE |
| Global Infrastructure Partners (GIP) | 6 | Infrastructure investor (part of BlackRock) focused on ow... | PE |
| KKR | 6 | Global investment firm making private equity and other al... | PE |
| Superior Plus Corp. | 6 | Leading North American distributor and marketer of propan... | Strategic |
| TotalEnergies | 6 | Global integrated energy company producing and marketing ... | Strategic |
Last 10 years
Supporting Data
Sasol entered into an agreement to sell its Nitrates business to Enaex Africa, as part of its portfolio optimization strategy. The transaction includes the primary ammonia conversion plants in Secunda and Sasolburg, and Sasol will retain a 23% interest in the resulting joint venture.
Saavi Energía announced the successful closing of its previously announced merger transaction with Grupo México. The combination creates a diversified Mexico power platform with 10 power plants plus mobile power generation and three gas compression stations, totaling 4.5 GW. After closing, Grupo México holds a 70% stake and Global Infrastructure Partners (a BlackRock subsidiary) holds the remaining 30%.
CVC DIF completed its acquisition of the Gabriela utility-scale solar photovoltaic and battery energy storage project in northern Chile from Grenergy. The transaction was structured to close once the project achieved commercial operation, which has now been reached.
Comstock Resources announced a proposed $1.65 billion strategic partnership with SOCAR under which SOCAR will acquire interests in Comstock’s Legacy Haynesville and Western Haynesville upstream assets and a portion of Comstock’s ownership interest in Pinnacle Gas Services. The parties are targeting a definitive purchase agreement by October 31, with closing planned by the end of 2026, subject to customary conditions and approvals.
Williams (NYSE: WMB) has closed its approximately $5.5 billion acquisition of Momentum Midstream. The deal expands Williams’ integrated natural gas infrastructure in the Haynesville Basin, adding over 4,000 miles of pipe, 6 Bcf/d of gathering capacity, processing facilities, and three take-or-pay transportation pipelines.
Diversified Energy has agreed to acquire Birch Permian Holdings (and certain affiliated companies) for approximately $1.8 billion, expanding its Permian Basin operated position. The company expects the deal to increase production by ~35% and adjusted EBITDA by ~55%, with closing expected in Q4 2026 subject to regulatory approvals and customary conditions.
Australian mineral exploration company NT1 Pty Ltd entered into a definitive Agreement and Plan of Merger / Business Combination Agreement with Plutonian Acquisition Corp. II (Plutonian II). The transaction is expected to close in 2027 and will result in a combined company listed on the New York Stock Exchange, with NT1 valued at an estimated $500 million enterprise value.
ePointZero has agreed to acquire a 90% stake in Azura Power Holdings Limited, a pan-African independent power producer with 752 MW of operating capacity across Nigeria, Senegal, and Mozambique. The deal is structured through an acquisition vehicle jointly established by ePointZero and Amaya Capital, with Actis and Africa50 selling their stakes and Amaya Capital retaining a 10% minority interest.
Bunker Hill Mining has agreed to acquire Silver47 Exploration in an all-stock transaction valuing Silver47 at approximately $163 million (fully diluted, in-the-money), creating a larger U.S.-focused silver and critical minerals platform. The combined company will be renamed Bunker Hill Silver Corp., with Bunker Hill shareholders expected to own about 57% and Silver47 shareholders about 43%.
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.
DigitalBridge, through a managed investment vehicle, has entered into an agreement to acquire PLUS ES, one of Australia’s largest smart meter providers. PLUS ES operates ring-fenced infrastructure and data services that connect energy retailers, utilities, and network operators, managing approximately 2 million meters across Australia’s National Electricity Market. The transaction is subject to customary closing conditions, including regulatory approvals.
Sapphire Gas Solutions has acquired EDGE LNG, a Texas-based LNG company that provides liquefaction, delivery, and vaporization services using modular and mobile LNG equipment. The deal adds approximately 200,000 gallons per day of LNG liquefaction capacity and strengthens Sapphire’s vertically integrated LNG supply model from production through delivery.
Matador Gas LLC, backed by Firmament, has completed the acquisitions of Action Propane, Inc. (based in Leander, Texas) and Ozark Mountain Propane Company (headquartered in Garfield, Arkansas). The deals expand Matador’s footprint across Texas and Arkansas and increase density in its existing service areas by adding long-established local propane operators.
Sempra completed the sale of Ecogas México, a natural gas distribution network in Mexico serving more than 600,000 customers across the Mexicali, Chihuahua and La Laguna-Durango regions, for approximately $500 million in proceeds. The divestiture supports Sempra’s capital recycling strategy and its roughly $65 billion five-year capital plan focused primarily on regulated utility infrastructure in Texas and California.
KKR has reportedly made an approximately $9 billion takeover bid to acquire UGI Corporation for $42.50 per share, representing a 21.1% premium to UGI’s prior closing price. The proposal is not yet guaranteed to result in a transaction and has not been described as definitively agreed or closed.
LS Power has entered into a definitive agreement to acquire the 606-megawatt Brazos Valley Energy Center (formerly Jack Fusco Energy Center) from Constellation. The natural gas-fired combined-cycle facility is located outside Houston, Texas, and the deal is expected to close in Q4 2026 subject to regulatory approval.
Moltex Energy announced that Nuclea Energy has entered into a definitive agreement to acquire Moltex’s advanced nuclear technology portfolio following a competitive bidding process. The portfolio includes Moltex’s Waste to Stable Salt (WATSS) used nuclear fuel recycling process and related reactor technologies (SSR-W and FLEX), with completion subject to closing conditions including UK National Security and Investment Act 2021 approval.
Mora Energy has closed two acquisitions in the Midland Basin: Tejon Treating and Carbon Solutions and the West Texas Midstream Gas Services (Quail) system. The deals expand Mora’s natural gas gathering, compression, and sour gas treating footprint and are supported by increased equity commitments from NGP Energy Capital Management and a new revolving credit facility led by BOK Financial and Huntington Bank.
InPlay Oil Corp. entered into a definitive arrangement agreement to acquire all issued and outstanding shares of a privately held, arm’s length oil and gas producer for cash consideration of $54.25 million (subject to closing adjustments). The acquisition is expected to close by the end of August 2026 and is intended to add contiguous assets, synergies, and an expanded Belly River position while enhancing per-share adjusted funds flow metrics.
IsoEnergy and DISA Technologies completed the previously announced transaction to form DISA Uranium Corporation, a technology-enabled U.S. uranium company headquartered in Casper, Wyoming. IsoEnergy contributed its Utah portfolio of permitted, past-producing uranium mines and projects to DISA Uranium in exchange for DISA Uranium common stock, which combines the portfolio with DISA’s patented HPSA processing technology. Concurrently, DISA Uranium closed a $105 million private placement financing with participation from Tembo Capital, BHP Ventures, Halliburton Labs, and others.
FIC Partners Management acquired Perfect Power, the developer, owner, and operator of the Jaguar Energy Center in Texas. The platform combines grid-connected battery energy storage with solar generation and targets up to 1.15 GW of planned capacity across about 4,500 acres.
Power Wood Holdings Ltd agreed terms for an investment of up to CA$84 million to develop two advanced steam explosion black pellet production facilities in Northern Alberta, including the “Peace River” and “Hay Meadow” plants. The funding comes in tranches from London-based private investment firm Chair Capital Ltd and is subject to evidence of third-party construction financing and completion of definitive documentation.
Cartesian Growth Corporation II has signed a definitive business combination agreement to merge with InoBat, a European battery energy storage systems and battery technology company, in a transaction valued at $1.265 billion. The deal is expected to close in late 2026, subject to customary closing conditions, and InoBat is expected to trade on Nasdaq under the ticker “INBT.”
Nuclea Energy entered into a definitive business combination agreement with publicly traded Mangoceuticals to pursue a Nasdaq listing. The deal will be implemented through a newly formed indirect subsidiary of Mangoceuticals amalgamating with Nuclea, with former Nuclea shareholders expected to own about 96% of Mangoceuticals before a planned private investment.
Clean Air Metals Inc. (via wholly owned subsidiary Newco) and Springbok Ventures Inc. entered into an amalgamation agreement to complete a business combination that will create a new critical minerals-focused public company (expected to be renamed Dante Metals Corp.). The resulting issuer will advance Clean Air Metals’ Thunder Bay North Critical Minerals Project and continue exploration with Springbok’s Maude Lake Property, with a concurrent C$5 million minimum financing through subscription receipts subject to TSX Venture Exchange and shareholder approvals.
Allied Gold and Zijin Gold International terminated their previously announced acquisition agreement after concluding that closing conditions were unlikely to be satisfied by the July 29, 2026 deadline. Instead, Zijin will invest approximately $295 million in Allied Gold via a non-brokered private placement, acquiring about 12.8 million shares and taking an approximately 9.2% ownership stake.
Prospector Metals Corp and Lightning Resource Corp agreed to extend both the escrow deadline and the outside date for completing their previously announced asset acquisition transaction. The transaction, under a share purchase agreement dated April 15, 2026, involves BeMetals acquiring all shares of Lightning Exploration Corp.’s (formerly Prospector Subco Ltd.) wholly owned subsidiary, Lightning Exploration Corp. (Subco), which will hold Prospector’s remaining viable non-Yukon mineral exploration projects, with key deadlines extended to August 31, 2026.
MAX Power Mining Corp. completed the sale of all equity interests in its wholly owned subsidiary, MAX Power Resources LLC, to Homeland Critical Minerals Corp. Homeland acquired the Willcox Playa Lithium Project by paying with 11 million common shares of Homeland. The deal was executed under a Share Purchase Agreement dated June 5, 2026.
Dragonfly Energy Holdings Corp. completed the acquisition of substantially all of the operating assets associated with the Dakota Lithium brand for $4.0 million. The acquired assets include the Dakota Lithium brand and related intellectual property, inventory, a complementary battery portfolio, and customer and distributor relationships, which Dragonfly plans to operate as a distinct brand alongside Battle Born Batteries.
Convertus Group secured a successful financial close of $135 million in project financing for its flagship biofuel facility in York Region, Ontario. The financing comes from Power Sustainable Infrastructure Credit (PSIC), with Selkirk Advisory Group serving as financial advisor.
Altius Minerals Corporation closed a transaction to increase its effective ownership interest in Great Bay Renewable Holdings, LLC and Great Bay Renewable Holdings II, LLC (collectively, "GBR") from 29% to 50%. Funds managed by affiliates of Apollo sold their membership interests in GBR to Northampton Capital Partners, and Northampton simultaneously sold its interest in Altius Renewable Royalties Corp. to Altius—resulting in Apollo funds having no continuing interest in GBR.
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.
Expand Energy has signed a definitive agreement to acquire private, asset-backed natural gas marketer and optimization business Twin Eagle for about $1.25 billion from Five Point Infrastructure. The deal is expected to close in Q3 2026, after customary conditions and regulatory approvals, and would make Twin Eagle a wholly owned subsidiary of Expand.
Strategic Value Partners (SVP) and its affiliates have agreed to acquire a minority equity interest in South Field Energy, a 1,182-megawatt natural gas combined-cycle generation facility in Columbiana County, Ohio. The investment is being made through SVP’s partnership with EverGen Power, a power generation asset management firm formed in 2024.
MN8 Energy Holdings LLC has entered into a definitive cash-and-equity merger agreement to acquire Greenbacker Renewable Energy Company LLC for up to approximately $375 million. The combination will create a national clean power platform with over 6 GW across 33 U.S. states and add Greenbacker’s wind and storage portfolio to MN8’s solar and battery assets.
Agnico Eagle Mines Limited entered into a subscription agreement to acquire 8,696,000 common shares of Cadillac Mines Corporation in a C$60.0 million private placement at C$6.90 per share. The investment is subject to closing conditions, including completion of Cadillac’s initial public offering, and is expected to close around August 5, 2026.
BP has agreed to sell its mobility, convenience, and electric vehicle charging businesses in Austria to Volenergy AG. The deal includes 250 BP-branded retail locations (about 115 company-owned and the rest operated by franchisees), as well as BP’s Austrian EV charging infrastructure and associated fleet business, with closing expected by the end of 2026 subject to approvals.
USA Rare Earth entered into definitive agreements to acquire a strategic minority stake (~13.6%) in French rare earth processor Carester, while InfraVia Capital Partners (through its Critical Metals Fund) will acquire a similar stake. The investment strengthens the Lacq, France rare-earth ecosystem, including Carester’s Caremag heavy rare-earth separation and magnet recycling facility, and enables USA Rare Earth/LCM Europe to purchase a portion of Carester’s rare earth oxide output.
Nth Cycle Inc., a critical minerals refiner, announced a definitive business combination with SPAC Kensington Capital Acquisition Corp. VI to list on the NYSE under the ticker symbol “NTH.” The proposed transaction values Nth Cycle at an implied enterprise value of approximately $585 million and is expected to close in the fourth quarter of 2026, subject to regulatory and stockholder approvals.
Flathead Forge Fund 1 has invested in Capwell, a Houston-based methane-capture company that captures natural gas from low-flow vents that conventional equipment cannot reach. Capwell’s skid-mounted units return captured gas to the pipeline or reuse it as on-site fuel, turning a compliance cost into revenue while reducing methane emissions.
Magnolia Oil & Gas has entered into a definitive purchase agreement to acquire WildFire Energy for approximately $4.06 billion, including WildFire’s debt. The cash-and-stock deal is designed to more than double Magnolia’s South Texas acreage in the Eagle Ford/Austin Chalk trend and deliver at least $100 million in annual synergies by 2027.
Greenridge Exploration Inc. (CSE: GXP) secured a $3.0 million non-brokered private placement from an undisclosed Southeast Asian energy conglomerate. The investor will acquire about a 17.17% stake via 13,111,888 units and receives board observer privileges and pro rata rights for future financings to help Greenridge accelerate Canadian uranium, gold, and nickel exploration.
GH Power Inc. entered into a definitive business combination agreement with Matinas BioPharma Holdings, Inc. to create a NYSE-listed, publicly traded critical minerals and clean energy company. A newly formed Ontario parent (“GH Power International”) would become the public parent of both companies, with the deal expected to close in Q4 2026 subject to customary approvals. Separately, Matinas also signed a definitive stock purchase agreement with Azurity Pharmaceuticals, Inc. under which Azurity will acquire Matinas BioPharma Nanotechnologies, Inc. (including the lipid nano-crystal (LNC) platform technology and lead candidate MAT2203) for $4 million upfront plus up to $17.5 million in milestones and royalties.
Genesis Minerals and Vault Minerals have agreed to merge via a scheme of arrangement, with Genesis acquiring all of Vault’s shares in a transaction valuing Vault at approximately A$5.6 billion (a 15.7% premium). The combined group is expected to create a top-three Australian gold producer, with an announced goal of unlocking around $2.0 billion in post-tax cost synergies and capital savings over 10 years.
Elon Musk has acquired APR Energy, a provider of rapidly deployable gas- and diesel-powered generation systems, in a transaction estimated at over $1 billion. The deal surfaced via a Federal Trade Commission early termination filing rather than a public announcement from the parties.
Constellation Technology Ventures, the venture arm of Constellation Energy, made a strategic equity investment in Blue Energy, a developer of financeable, prefabricated nuclear power plants. The investment is intended to accelerate Blue Energy’s shipyard/manufacturing-based project financing model and support deployment plans for GE Vernova Hitachi’s BWRX-300.
Williams has signed an agreement to receive $5.34 billion of committed capital for five behind-the-meter Power Innovation projects, serving AI infrastructure demand. Blackstone (with Apollo and KKR) will hold a 49% noncontrolling equity interest in the projects, while Williams retains 51% ownership and full commercial and operational control, including a buyout right exercisable between years seven and fourteen.
Ecopetrol Investimentos do Brasil (a controlled company of Ecopetrol S.A.) received a Brazilian Securities and Exchange Commission (CVM) letter lifting the suspension previously imposed on the public tender offer for the acquisition of shares (OPAV). The CVM ruling requires Ecopetrol Investimentos to amend and re-publish the OPAV offer document, including updating the auction date.
Global Infrastructure Partners (GIP), a part of BlackRock, has agreed to acquire a majority and controlling interest in Summit Ridge Energy, a leading U.S. commercial solar and energy storage company. The investment is intended to accelerate Summit Ridge’s development and project acquisition capabilities and support growth in the Midwest, Mid-Atlantic, and New England markets.
Woodbridge Ventures II Inc. has entered into an amending agreement to modify its previously announced business combination agreement with 2771367 Alberta Ltd. (Subco) and Greenflame Resources Inc. The amendment extends the outside date for completion to December 31, 2026 and updates the contemplated private placement of Greenflame shares and the definition of “Greenflame Options.”
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Find buyers actively acquiring energy companies.
Recent locations include Texas and Ohio in the United States, Wyoming in the U.S., plus Greece, Austria, and British Columbia in Canada.
The listed deals include natural gas midstream systems, uranium portfolios, battery energy storage and power generation platforms, retail electricity offerings, and EV charging and mobility businesses.
No. The page also includes minority equity investments (e.g., Strategic Value Partners’ stake in South Field Energy) and business combinations/transactions that support public-market listing pathways.
Yes. Examples include Cartesian Growth Corporation II’s planned merger with InoBat in Greece and Volenergy AG acquiring BP’s Austrian mobility and EV charging businesses in Austria.