Energy Acquisitions in Illinois

Scale, an EQT-backed provider of on-site energy solutions, has acquired Reload, a powered land development platform focused on siting, designing, and permitting gigawatt-scale data center campuses. The deal adds Reload's grid-scale development expertise and multi-gigawatt pipeline to Scale's data center energy offering to accelerate speed-to-power for hyperscalers and other large customers.

SI Solutions, through its advanced engineering division Structural Integrity Associates (SIA), has acquired Radiological Solutions, Inc., a nuclear engineering partner that specializes in plant chemistry, radiological controls, radiation protection, and specialized monitoring equipment. The acquisition expands SIA's capabilities in nuclear chemistry, radiation management, emergency preparedness and equipment design and brings Radiological Solutions' team and expertise (based outside Chicago) into SI Solutions' PE-backed platform.

Aspen Power has closed a Membership Interest Purchase and Development Services Agreement (MIPDSA) to acquire a 14.1 MWdc portfolio of early‑stage community solar sites in Illinois from Arrow Solar Development LLC. Aspen Power will develop, construct, own and operate the projects—bringing its Illinois portfolio to over 34 MW—and use its financing and development capabilities to advance the sites to long‑term operation.

Qualus Corporation has completed the acquisition of Planet Forward Energy Solutions (PFES). The deal expands Qualus' program management, construction management, and advisory capabilities—adding PFES' expertise in project controls, owner's engineering, business intelligence, and data analytics to support utilities, renewables, and data center clients.

Majors Management, LLC has acquired the K&H Truck Plaza in Gilman, Illinois, marking the company's first acquisition in Illinois and an expansion into truck stops and travel centers. The 12-acre BP-branded facility includes a truck repair shop, restaurant, convenience store, Dunkin' franchise and Tesla EV charging; seller was K&H (owned/operated by Andrew Herscher).

Priority Power Management, Inc. has acquired the energy procurement, consulting and solar development business of Affordable Gas & Electric Company, LLC (AGE). The acquisition expands Priority Power's footprint in the Midwest and bolsters its solar development capabilities; AGE's business serves hundreds of municipalities and more than 125,000 residential and 1,000 commercial customers.

Beam Global (Nasdaq: BEEM) entered into a definitive asset purchase agreement to acquire AllCell Technologies in an all-stock transaction, combining Beam’s EV charging and clean-energy products with AllCell’s battery engineering and manufacturing. The deal is intended to secure Beam’s battery supply chain, expand manufacturing and IP capabilities, reduce COGS, and accelerate product development across EV, micro-mobility, aviation and stationary energy markets.

GTI International, a holding company and subsidiary of GTI, has acquired Projeo Corporation, a Champaign, Illinois–based professional energy services firm specializing in CO2 and gas storage, groundwater resources, and geothermal projects. The acquisition expands GTI International’s sub-surface capabilities and adds project management, seismic, drilling, monitoring, and regulatory expertise to support carbon storage and other low‑carbon subsurface initiatives.

Babcock & Wilcox Enterprises, Inc. signed a definitive agreement to acquire a majority ownership stake in Illinois-based solar contractor Fosler Construction (now operating as Fosler Solar), which will become part of B&W's Renewable segment. Paul Fosler will remain CEO and a minority owner; Fosler provides commercial, industrial and utility-scale solar services, employs ~120 people and owns two community solar projects in Illinois.

LS Power completed the acquisition of distributed energy solutions provider GI Energy and has rebranded the business as Endurant Energy. LS Power will provide capital and operational support to scale Endurant's development, ownership and operation of distributed energy solutions including microgrids and battery energy storage systems; Endurant is headquartered in Chicago and has about 25 employees.

Priority Power Management, backed by private equity sponsor Ara Partners, has acquired Satori Energy Solutions. The deal combines Satori's regional expertise and customer relationships with Priority's nationwide platform to create an expanded provider of energy management and decarbonization services; Satori founder David C. Wiers has joined Priority's executive management team.

Pritzker Private Capital completed a recapitalization of Energy Distribution Partners (EDP), investing alongside Concentric Equity Partners and Duchossois Capital Management to support EDP's expansion. EDP's management will remain in place as the partners provide capital to accelerate the propane distributor's growth and add-on acquisition strategy across the U.S.