Energy Buyers & Acquisitions in Florida

Tracked deals

19

19 tracked deals across 2019-2026.

Buyer mix

Strategic-led

15 strategic · 6 pe

Top trend

Volume peaked in 2025

6 tracked deals announced in 2025.

Primary Insight

What Stands Out

  • Control and capacity expansion are recurring themes, such as BrightNight taking full ownership and control of a 6 GW portfolio.
  • Fuel and logistics activity includes propane distribution growth (Soundcore/Reliable Energy Partners; Palmdale Propane/Gatorgas; Palmdale/Combs Oil) and UCO recycling (Eazy Grease/DHT Grease Solutions).
  • Clean and distributed generation deals include Madison Energy Infrastructure acquiring NextEra Energy Resources’ distributed generation development platform.
  • LNG and bunkering remain active, including Pennybacker’s Miami LNG acquisition and Seaside LNG’s purchase of the LNG bunker barge Clean Jacksonville.
  • Grid modernization and services feature in acquisitions such as Qualus acquiring Ferreira Power Group and Walker Blue forming through a merger of energy tax incentive and engineering capabilities.

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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
Albireo Energy 1 Building automation and energy services platform providin... Strategic (PE-backed)
BrightNight 1 Develops and operates large-scale power and digital infra... Strategic
Chart Industries Inc. 1 Global manufacturer of liquefaction and cryogenic equipme... Strategic
Eazy Grease 1 Provider of used cooking oil collection and recycling ser... Strategic
Elon Musk 1 Founder/operator across multiple technology and energy-ad... Investor
Gainline Capital Partners 1 Middle‑market private equity firm that invests in cash‑fl... PE
Gas South 1 Provider of natural gas in competitive markets across the... Strategic
Gibraltar Industries, Inc. 1 Publicly traded diversified manufacturer and provider of ... Strategic
Global Infrastructure Partners 1 Independent infrastructure investment manager focused on ... PE
Huron Capital 1 Lower-middle-market private equity firm that sponsors pla... PE

Acquisition Volume in Energy in Florida by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Energy Buyers & Acquisitions in Florida. 1 2019 3 2020 2 2021 1 2022 2 2023 2 2024 6 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • 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
    BrightNight
    Target
    Cordelio Power's joint venture ownership interest (projects from the development portfolio)
    Seller
    Cordelio Power
    Industry
    Energy
    Type
    Buyout

    BrightNight acquired Cordelio Power’s ownership interest in their joint venture, taking full ownership and control of 6 GW of projects from the venture’s development portfolio. The acquisition expands BrightNight’s Western Interconnection presence and supports its strategy to develop, finance, construct, and operate large-scale clean energy infrastructure.

  • Buyer
    Soundcore Capital Partners, Reliable Energy Partners
    Target
    Florida Lift Gas
    Industry
    Energy
    Type
    Buyout

    Soundcore Capital Partners has formed Reliable Energy Partners, a propane distribution growth platform, through its acquisition of Florida Lift Gas and has named industry veteran Sean Daugherty as CEO. The platform — headquartered in Tampa, Florida and wholly owned by Soundcore — will pursue organic growth and strategic add-on acquisitions to scale a multi-regional residential and commercial propane distribution business.

  • Buyer
    Madison Energy Infrastructure
    Target
    NextEra Energy Resources' Distributed Generation Platform
    Seller
    NextEra Energy Resources
    Industry
    Energy

    Madison Energy Infrastructure completed the acquisition of NextEra Energy Resources' distributed generation development platform, including operating solar and energy storage assets, a development pipeline and customers across 25 states. The deal brings Madison's ecosystem to nearly 1 GW of operating clean energy infrastructure and expands its commercial and community customer footprint while leveraging recent financing and support from EQT and other capital partners.

  • Buyer
    Eazy Grease
    Target
    DHT Grease Solutions
    Industry
    Energy
    Type
    Buyout

    Eazy Grease has acquired DHT Grease Solutions, a locally owned used cooking oil (UCO) recycler serving the Tallahassee area since 2014. The purchase — Eazy Grease's fourth in two years — expands the buyer's UCO collection footprint in North Florida/South Georgia and transfers DHT's facility and customer relationships to Eazy Grease to boost collection volume and service continuity.

  • Buyer
    Palmdale Propane (Palmdale Oil)
    Target
    Gatorgas LP
    Industry
    Energy
    Type
    Buyout

    Palmdale Propane, a subsidiary of Palmdale Oil, has acquired Gatorgas LP, a family-owned propane distributor serving North Central Florida and the Gulf Coast. The acquisition expands Palmdale's geographic footprint and distribution capabilities in Central Florida; financial terms were not disclosed.

  • Buyer
    Walker Blue, LLC
    Target
    Walker Reid Strategies, Blue Energy Group
    Industry
    Energy
    Type
    Buyout

    Walker Reid Strategies and Blue Energy Group have completed a merger to form Walker Blue, LLC, a national energy tax incentive and engineering firm that combines 179D/45L tax certification, ITC services, prevailing wage/domestic content compliance, and energy engineering. The new firm is led by CEO Josh Howes and CSO David Diaz and will serve CPAs, ESCOs, developers, building owners, architects and related clients nationwide.

  • Buyer
    Palmdale Oil
    Target
    Combs Oil Company
    Industry
    Energy
    Type
    Buyout

    Palmdale Oil, a family-owned fuel and lubricants distributor headquartered in Palm Beach Gardens, Florida, has acquired Combs Oil Company, a Naples-based distributor of diesel, gasoline, lubricants and related products. The acquisition expands Palmdale's geographic footprint and bulk plant storage infrastructure in Southwest Florida; financial terms were not disclosed.

  • Buyer
    Pennybacker Capital Management, LLC
    Target
    Miami LNG business
    Seller
    New Fortress Energy Inc.
    Industry
    Energy

    Pennybacker Capital Management has completed the acquisition of the Miami LNG business from New Fortress Energy. The small-scale liquefaction and distribution operation (producing ~8,300 MMBtu/day) will be led by newly appointed President & CCO Daniel McLaughlin and will focus on serving customers across Florida and the Caribbean.

  • Buyer
    MPE Partners, Precision Pipeline
    Target
    SabCon Underground
    Seller
    Kellie Burns and SabCon management team
    Industry
    Energy
    Type
    Addon

    MPE Partners, alongside its portfolio company Precision Pipeline, has acquired SabCon Underground, a Winter Haven, Florida-based provider of underground natural gas utility services. The add-on deal expands Precision’s geographic footprint and capabilities in the natural gas utility services market; financing was provided by PGIM Private Capital and SabCon’s founder Kellie Burns and management partnered in the transaction.

  • Buyer
    Qualus Corporation
    Target
    Ferreira Power Group
    Industry
    Energy
    Type
    Addon

    Qualus Corporation acquired Ferreira Power Group to expand its distribution engineering, grid hardening, and program management capabilities in support of grid modernization, reliability, and resiliency. The deal brings FPG's engineering resources and leadership into Qualus and is intended to expand Qualus' client base and geographic coverage while retaining FPG's leadership team.

  • Buyer
    Seaside LNG
    Target
    Clean Jacksonville
    Seller
    TOTE Maritime Puerto Rico, LLC, TOTE Group, LLC
    Industry
    Energy

    Seaside LNG has purchased the liquefied natural gas bunker barge Clean Jacksonville from TOTE Maritime Puerto Rico, LLC. The acquisition expands Seaside's LNG bunkering fleet and geographic reach, with Polaris New Energy contracted to continue technical management and bunkering services for TOTE and other commercial customers.

  • Buyer
    Global Infrastructure Partners
    Target
    Atlas Renewable Energy
    Seller
    Actis
    Industry
    Energy
    Type
    Buyout

    Global Infrastructure Partners (GIP) has completed the acquisition of Atlas Renewable Energy from Actis. Atlas is a leading Latin American renewables developer with 14 fully contracted solar assets (2.3 GW) across Brazil, Chile, Mexico and Uruguay; GIP said the deal expands its renewables platform and regional presence.

  • Buyer
    Gainline Capital Partners
    Target
    Atlantic Energy
    Industry
    Energy

    Gainline Capital Partners has made a growth investment in Atlantic Energy, a Deerfield Beach, Florida-based electricity and natural gas retailer that bundles value-added, tech-enabled products to help customers reduce consumption. The financing provides Atlantic with its first institutional capital to accelerate growth; industry veteran Deryl Brown joined as Executive Chairman as part of the transaction.

  • Buyer
    Chart Industries Inc.
    Target
    Transform Materials LLC
    Industry
    Energy

    Chart Industries completed a $25 million minority investment to acquire a 5% equity stake in Transform Materials and signed a commercial Memorandum of Understanding to supply equipment for Transform projects. The investment gives Chart access to Transform's microwave-plasma process for producing hydrogen and acetylene, expanding Chart's clean-hydrogen equipment and service offerings and supporting planned plant builds in North America and Europe.

  • Buyer
    Gibraltar Industries, Inc.
    Target
    TerraSmart, Sunfig
    Industry
    Energy
    Type
    Buyout

    Gibraltar Industries (Nasdaq: ROCK) acquired TerraSmart, a provider of screw-based ground-mount solar racking, for $220.0 million (approximately $228.2 million including working capital adjustments) and acquired Sunfig, a solar project design and modeling software provider, for $3.75 million in cash. The deals expand Gibraltar's renewable energy platform and capabilities across ground-mount racking, tracker systems, and solar project design/financial modeling to grow its solar energy business.

  • Buyer
    Gas South
    Target
    Infinite Energy
    Industry
    Energy
    Type
    Buyout

    Gas South agreed to acquire Florida-based Infinite Energy, acquiring its wholesale and retail natural gas business and customer list (the companies said the deal would close by end of 2020 subject to regulatory approvals). The transaction will more than double Gas South's annual revenue to about $1 billion and expand its customer base across the Southeast; Infinite Energy's Texas retail electricity business is excluded from the sale.

  • Buyer
    JOX Energy LLC
    Target
    EnergyWare LLC
    Seller
    Acostia Ventures
    Industry
    Energy
    Type
    Buyout

    JOX Energy LLC acquired EnergyWare LLC in a strategic acquisition announced Sept. 25, 2020. The deal brings EnergyWare's national energy-efficiency capabilities (including solar and HVAC project design, financing and implementation) under JOX Energy to expand service offerings and support customer growth.

  • Buyer
    Albireo Energy, Huron Capital
    Target
    Quality Building Controls
    Industry
    Energy
    Type
    Addon

    Albireo Energy, the building automation and energy services platform backed by Huron Capital, has acquired Quality Building Controls (QBC), a Tampa-based provider of building automation systems and repair and maintenance services. The deal is an add-on to Albireo's platform that expands the company's presence in the Southeast, adds recurring service revenue, and retains QBC's management with founder Jerry Dohse remaining in a business development role.

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Frequently Asked Questions

What types of energy acquisitions show up most in Florida?

Common themes include distributed generation and clean energy development platforms, propane and fuel distribution expansion, LNG operations and bunkering assets, UCO recycling, and grid modernization/engineering services.

Are there acquisitions focused on clean energy infrastructure in Florida?

Yes. For example, Madison Energy Infrastructure acquired NextEra Energy Resources’ distributed generation development platform, and BrightNight expanded by taking full control of a joint-venture portfolio tied to 6 GW of projects.

Do the Florida energy deals include LNG and related assets?

Yes. The page includes transactions such as Pennybacker Capital Management’s acquisition of the Miami LNG business and Seaside LNG’s purchase of the LNG bunker barge Clean Jacksonville.

Do some buyers build platforms for ongoing growth rather than single assets?

Yes. Soundcore Capital Partners formed Reliable Energy Partners through the acquisition of Florida Lift Gas with an explicit plan to pursue organic growth and strategic add-on acquisitions.

Related Acquisition Pages