Energy Acquisitions in Georgia

Ampirical Solutions, a PE-backed provider of power engineering services, has acquired Cappstone Energy Group to expand its utility engineering capabilities, adding distribution system planning, GIS, line design and field inspection services. The deal, supported by Ampirical's investor SkyKnight Capital, is intended to broaden Ampirical's end-to-end offering for utility clients while keeping Cappstone's team and ongoing projects in place.

Brookfield Infrastructure Partners, through its subsidiary Colossus AcquireCo LLC and institutional partners, completed the purchase of Colonial Enterprises Inc. from a consortium of owners for an enterprise value of about $9 billion. The deal gives Brookfield sole ownership of the Colonial Pipeline system — the largest refined-products pipeline in the U.S. — and was completed with sellers including Shell Midstream Operating LLC, Koch Capital, KKR-Keats, La Caisse and IFM Investors.

SPATCO Energy Solutions, a Kian Capital‑backed infrastructure services platform, has acquired Stanton Electric, an Oakwood, Georgia-based commercial and industrial electrical contractor specializing in EV charging station installations, generators, switchgear, DDC and network cabling. The acquisition strengthens SPATCO's EV infrastructure capabilities across the Southeast, pushes SPATCO above 1,000 employees, and will see Stanton's founder Jerry Stanton join SPATCO's executive leadership team.

Yes Energy has acquired Anchor Power Solutions, the developer of EnCompass power market forecasting and resource-planning software. The deal brings Anchor Power’s modeling capabilities into Yes Energy’s data and analytics platform to expand long-term power market modeling, transmission and decarbonization planning tools for utilities, developers and market participants.

Yes Energy announced on October 3, 2023 that it has acquired The C Three Group, a provider of North American energy infrastructure market intelligence and project databases. The acquisition integrates C Three's infrastructure project datasets and forecasting capabilities into Yes Energy's power market data and analytics platform to give customers deeper visibility into generation, transmission, and interconnection project status and impacts on power markets.

Funds managed by AB CarVal Investors L.P. acquired 100% of SolAmerica Energy Holdings, LLC, a developer and EPC provider of distributed solar and energy storage projects. The SolAmerica management team, led by CEO Tully Blalock, will remain in place as AB CarVal provides capital and resources to accelerate the company's project development, construction, and deployment across the U.S.

ABM has entered into a definitive agreement to acquire RavenVolt, Inc., a Georgia-based provider of turn-key microgrid systems, for $170 million in cash at closing plus up to $280 million in post-closing earn-outs (maximum total purchase price of $450 million). The acquisition expands ABM's Technical Solutions and eMobility capabilities, adds microgrid design, installation and branded generator/switchgear product offerings, and is expected to close in ABM's fourth fiscal quarter of 2022 subject to HSR clearance.

CSL Capital Management formed Kanaci Technologies as an industrial decarbonization platform and, through Kanaci, acquired Vericor Power Systems, a global supplier of aeroderivative gas turbines. The deal integrates Vericor into Kanaci's power generation platform alongside BJ Energy Solutions to expand low-emission power and industrial capabilities.

Investment funds managed by Morgan Stanley Energy Partners completed a growth investment in Alpharetta-based SolMicroGrid to support expansion of its solar-enabled microgrid development and Energy-as-a-Service (EaaS) offerings. The partnership will fund asset and capability development and initial deployments for commercial and industrial customers, including projects in California.