Top Energy Acquirers (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

What Stands Out

  • Natural gas and midstream footprint expansion appears prominently, including Midland Basin assets acquired by Mora Energy.
  • Battery energy storage and renewables-enabling platforms show up via acquisitions such as FIC Partners Management’s purchase of the Jaguar Energy Center.
  • Nuclear/fuel cycle themes are present with DISA Uranium Corporation’s move to acquire a Utah uranium portfolio.
  • Mobility and EV charging repositioning is reflected in Volenergy AG’s purchase of BP’s Austrian charging and convenience operations.
  • Activity spans multiple deal structures, including full acquisitions, minority stakes, and business combinations tied to public-market listings.

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Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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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

Acquisition Volume in Energy by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Top Energy Acquirers (2009-2026). 1 2017 5 2018 57 2019 66 2020 159 2021 178 2022 114 2023 198 2024 210 2025 ~316 est. 226 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Enaex Africa
    Target
    Sasol Nitrates business (ammonia conversion plants in Secunda and Sasolburg)
    Seller
    Sasol
    Industry
    Energy
    Location
    South Africa

    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.

  • Buyer
    Grupo México, S.A.B. de C.V., Global Infrastructure Partners (GIP)
    Target
    Saavi Energía S.à r.l.
    Industry
    Energy
    Location
    Mexico
    Type
    Buyout

    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%.

  • Buyer
    CVC DIF
    Target
    Gabriela solar and battery energy storage project (272 MW solar, 1,100 MWh storage)
    Seller
    Grenergy
    Industry
    Energy
    Location
    Northern Chile, Chile
    Type
    Buyout

    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.

  • Buyer
    SOCAR
    Target
    Comstock Resources’ Legacy Haynesville upstream assets, Comstock Resources’ Western Haynesville upstream assets, Pinnacle Gas Services
    Seller
    Comstock Resources
    Industry
    Energy

    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.

  • Buyer
    Williams
    Target
    Momentum Midstream
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Diversified Energy, Carlyle (financing/strategic partnership)
    Target
    Birch Permian Holdings and certain affiliated companies, Birch
    Seller
    Affiliates of Elliott Investment Management
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Plutonian Acquisition Corp. II
    Target
    NT1 Pty Ltd
    Industry
    Energy
    Location
    Australia
    Type
    Buyout

    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.

  • Buyer
    ePointZero
    Target
    Azura Power Holdings Limited
    Seller
    Actis, Africa50
    Industry
    Energy
    Location
    United Arab Emirates
    Type
    Buyout

    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.

  • Buyer
    Bunker Hill Mining
    Target
    Silver47 Exploration
    Industry
    Energy
    Type
    Buyout

    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%.

  • Target
    Red Willow Solar Inc.
    Seller
    Westbridge Renewable Energy S.A.
    Industry
    Energy
    Location
    Alberta, Canada

    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.

  • Buyer
    DigitalBridge
    Target
    PLUS ES
    Industry
    Energy
    Location
    Australia
    Type
    Buyout

    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.

  • Buyer
    Sapphire Gas Solutions
    Target
    EDGE LNG
    Seller
    affiliates of Blue Water Energy
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Matador Gas LLC, Firmament
    Target
    Action Propane, Inc., Ozark Mountain Propane Company
    Seller
    Murray and Wanda Hoggarth (founders of Action Propane; legacy referenced), Jennifer Stowe (daughter of Ozark Mountain founder; involved in decision to sell)
    Industry
    Energy
    Location
    United States
    Type
    Addon

    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.

  • Buyer
    Not disclosed
    Target
    Ecogas México, S. de R.L. de C.V.
    Seller
    Sempra
    Industry
    Energy
    Location
    Mexico

    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.

  • Buyer
    KKR
    Target
    UGI Corporation
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    LS Power
    Target
    Brazos Valley Energy Center (formerly Jack Fusco Energy Center)
    Seller
    Constellation
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Nuclea Energy Inc., Nuclea Energy Canada Inc.
    Target
    Moltex Energy advanced nuclear technology portfolio, Moltex Energy Canada
    Seller
    Moltex Energy Limited
    Industry
    Energy
    Location
    New Brunswick, Canada
    Type
    Buyout

    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.

  • Buyer
    Mora Energy, NGP Energy Capital Management, LLC
    Target
    Tejon Treating and Carbon Solutions LLC, West Texas Midstream Gas Services, LLC (Quail system)
    Seller
    Bayswater Exploration & Production, LLC (funds managed by), Williams Companies, Inc.
    Industry
    Energy
    Type
    Addon

    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.

  • Buyer
    InPlay Oil Corp.
    Target
    Privately held arm's length oil and gas producer (undisclosed)
    Industry
    Energy
    Location
    Alberta, Canada
    Type
    Buyout

    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.

  • Buyer
    DISA Uranium Corporation
    Target
    IsoEnergy Ltd. Utah Portfolio (Tony M Mine, Daneros Mine, Rim Mine, Sage Plain Project, Flatiron Project)
    Seller
    IsoEnergy Ltd.
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    FIC Partners Management
    Target
    Perfect Power
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Chair Capital Ltd
    Target
    Power Wood Holdings Ltd, Power Wood Canada Corp
    Industry
    Energy
    Location
    Alberta, Canada

    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.

  • Buyer
    Cartesian Growth Corporation II
    Target
    InoBat AS
    Industry
    Energy
    Location
    Greece

    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.”

  • Buyer
    Mangoceuticals
    Target
    Nuclea Energy
    Industry
    Energy
    Location
    British Columbia, Canada

    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.

  • Buyer
    Clean Air Metals Inc. (resulting issuer via amalgamation), Springbok Ventures Inc. (Fiore-backed investor; becomes shareholders of resulting issuer)
    Target
    Springbok Ventures Inc.
    Industry
    Energy
    Location
    Ontario, Canada
    Type
    Buyout

    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.

  • Buyer
    Zijin Gold International
    Target
    Allied Gold Corporation
    Industry
    Energy
    Location
    Ontario, Canada

    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.

  • Buyer
    Lightning Resource Corp. (formerly BeMetals Corp.)
    Target
    Lightning Exploration Corp. (formerly Prospector Subco Ltd.) (Subco)
    Seller
    Prospector Metals Corp. (via its wholly-owned subsidiary Subco / Lightning Exploration Corp., formerly Prospector Subco Ltd.)
    Industry
    Energy
    Location
    British Columbia, Canada
    Type
    Buyout

    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.

  • Buyer
    Homeland Critical Minerals Corp.
    Target
    MAX Power Resources LLC
    Seller
    MAX Power Mining Corp.
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Dragonfly Energy Holdings Corp.
    Target
    Dakota Lithium brand operating assets (substantially all operating assets)
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Power Sustainable Infrastructure Credit (PSIC)
    Target
    Convertus Group
    Industry
    Energy
    Location
    Ontario, Canada

    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.

  • Buyer
    Altius Minerals Corporation, Northampton Capital Partners
    Target
    Great Bay Renewable Holdings, LLC, Great Bay Renewable Holdings II, LLC, Altius Renewable Royalties Corp.
    Seller
    Funds managed by affiliates of Apollo
    Industry
    Energy
    Location
    Newfoundland and Labrador, Canada
    Type
    Buyout

    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.

  • Buyer
    174 Power Global Retail Corporation, Hanwha Energy USA Holdings Corporation
    Target
    Powervine Energy, LLC, Powervine Energy MD, LLC
    Industry
    Energy
    Type
    Addon

    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.

  • Buyer
    Expand Energy Corporation
    Target
    Twin Eagle Holdings, N.A., LLC
    Seller
    Five Point Infrastructure
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Strategic Value Partners, LLC
    Target
    South Field Energy
    Industry
    Energy
    Type
    Addon

    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.

  • Buyer
    MN8 Energy Holdings LLC
    Target
    Greenbacker Renewable Energy Company LLC
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Agnico Eagle Mines Limited
    Target
    Cadillac Mines Corporation
    Industry
    Energy
    Location
    Ontario, Canada

    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.

  • Buyer
    Volenergy AG
    Target
    BP’s Austrian mobility, convenience, and electric vehicle charging businesses
    Seller
    BP
    Industry
    Energy
    Location
    Austria

    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.

  • Buyer
    USA Rare Earth, Inc., InfraVia Capital Partners (Critical Metals Fund)
    Target
    Carester SAS
    Industry
    Energy
    Location
    France

    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.

  • Buyer
    Kensington Capital Acquisition Corp. VI
    Target
    Nth Cycle Inc.
    Industry
    Energy
    Location
    United States

    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.

  • Buyer
    Flathead Forge Fund 1
    Target
    Capwell
    Industry
    Energy

    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.

  • Buyer
    Magnolia Oil & Gas Corporation
    Target
    WildFire Energy LLC
    Seller
    Warburg Pincus, Kayne Anderson, WildFire management team
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Undisclosed Southeast Asian energy conglomerate (corporate investor)
    Target
    Greenridge Exploration Inc.
    Industry
    Energy
    Location
    Canada

    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.

  • Buyer
    GH Power Inc., Azurity Pharmaceuticals, Inc., GH Power International (newly formed public parent)
    Target
    Matinas BioPharma Holdings, Inc., Matinas BioPharma Nanotechnologies, Inc.
    Industry
    Energy
    Location
    United States
    Type
    Buyout

    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.

  • Buyer
    Genesis Minerals Limited
    Target
    Vault Minerals
    Seller
    Vault shareholders (receiving consideration), Regis Resources (withdrawn competing bid; break fee mentioned)
    Industry
    Energy
    Location
    Western Australia, Australia
    Type
    Buyout

    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.

  • Buyer
    Elon Musk
    Target
    APR Energy, CF APR Super Holdings LLC, New APR Energy LLC
    Seller
    Duos Technologies Group
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Constellation Technology Ventures, Constellation
    Target
    Blue Energy
    Industry
    Energy

    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.

  • Buyer
    Blackstone Credit & Insurance, Apollo, KKR
    Target
    Williams (Power Innovation projects: Socrates, Apollo, Aquila, Socrates the Younger, Neo)
    Industry
    Energy

    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.

  • Buyer
    Ecopetrol Investimentos do Brasil
    Target
    ISA (shares via public tender offer OPAV)
    Industry
    Energy
    Location
    Brazil
    Type
    Buyout

    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.

  • Buyer
    Global Infrastructure Partners (GIP)
    Target
    Summit Ridge Energy
    Industry
    Energy
    Location
    United States
    Type
    Buyout

    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.

  • Buyer
    Woodbridge Ventures II Inc.
    Target
    Greenflame Resources Inc.
    Industry
    Energy
    Location
    Canada
    Type
    Buyout

    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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Frequently Asked Questions

Which regions are represented in the energy acquisitions listed here?

Recent locations include Texas and Ohio in the United States, Wyoming in the U.S., plus Greece, Austria, and British Columbia in Canada.

What types of energy assets are being acquired most often?

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.

Are acquisitions only about buying entire companies?

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.

Do the recent transactions include deals outside the United States?

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.

Related Acquisition Pages