Tracked deals
7
7 tracked deals across 2019-2025.
Energy Buyers & Acquisitions in Michigan
Buyer mix
Strategic-led
5 strategic · 1 family office
Top trend
Volume peaked in 2022
2 tracked deals announced in 2022.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Gold Resource Corporation (GORO) | 1 | Gold and silver producer, developer, and explorer with op... | Strategic |
| HEST Investments | 1 | Dallas-based venture capital family office investing acro... | Family Office |
| Kinder Morgan, Inc. | 1 | Large energy infrastructure company operating pipelines, ... | Strategic |
| Majors Management, LLC | 1 | Owner, developer and operator of convenience stores and d... | Strategic |
| Sagepoint Energy, LLC | 1 | Developer and operator of waste-to-energy projects focuse... | Strategic |
| SitelogIQ | 1 | National engineering and construction program management ... | Strategic |
| Sleeping Bear Capital | 1 | Founder-first private equity firm that acquires orphan bu... | PE |
Acquisition Volume in Energy in Michigan by Year
Last 6 years
Supporting Data
Recent Transactions
-
July 24, 2025
- Buyer
- Sagepoint Energy, LLC
- Target
- Peoples LFG, LLC
- Seller
- North American Power Systems, LLC
- Industry
- Energy
- Location
- Michigan, United States
- Type
- Buyout
Sagepoint Energy, LLC has acquired Peoples LFG, LLC — a 4.8 MW landfill gas-to-electricity facility in Birch Run, Michigan — from North American Power Systems, LLC. Sagepoint plans to convert the site into a landfill gas-to-renewable-natural-gas (RNG) facility, starting construction in 2025 with commercial RNG operations expected in 2026.
-
- Buyer
- HEST Investments
- Target
- Valerion
- Industry
- Energy
- Location
- Michigan, United States
- Type
- Growth capital
Dallas-based family office HEST Investments made a growth-stage investment in Valerion, a University of Michigan–based battery technology company, in June 2024. The capital will fund further testing and development as Valerion advances its battery technology toward commercialization for EVs and other energy-storage markets.
-
June 20, 2023
- Buyer
- SitelogIQ
- Target
- IKON | EFS
- Industry
- Energy
- Location
- Michigan, United States
- Type
- Buyout
SitelogIQ has acquired IKON | EFS, a national energy and facility solutions provider headquartered in Grandville, Michigan. The deal expands SitelogIQ’s EV charging, lighting, HVAC and energy services capabilities and extends its reach into automotive dealership and retail verticals.
-
December 28, 2022
- Buyer
- Majors Management, LLC
- Target
- Davis Oil Co.
- Seller
- Owners and management of Davis Oil Co.
- Industry
- Energy
- Location
- Michigan, United States
- Type
- Buyout
Lawrenceville, Georgia-based Majors Management, LLC acquired the assets of Davis Oil Co., adding 21 convenience store locations across West Michigan and fuel supply relationships with 11 commission marketers. The transaction marks Majors' first entry into Michigan and expands its retail fuel and convenience footprint in the region.
-
August 11, 2022
- Buyer
- Kinder Morgan, Inc.
- Target
- North American Natural Resources, Inc., North American Biofuels, LLC, North American-Central, LLC
- Industry
- Energy
- Location
- Michigan, United States
- Type
- Buyout
Kinder Morgan, Inc. has closed the $135 million acquisition of North American Natural Resources, Inc. and its sister companies North American Biofuels, LLC and North American-Central, LLC, acquiring seven landfill gas-to-power facilities in Michigan and Kentucky. Kinder Morgan will evaluate converting up to four sites to renewable natural gas (RNG) with approximately $175 million of capital spend, expanding its RNG generation capacity and diversifying its renewables portfolio.
-
- Buyer
- Gold Resource Corporation (GORO)
- Target
- Aquila Resources Inc.
- Industry
- Energy
- Location
- Michigan, United States
- Type
- Buyout
Gold Resource Corporation (GORO) entered into a definitive arrangement agreement to acquire all issued and outstanding shares of Aquila Resources (Aquila) via a plan of arrangement under Ontario’s Business Corporations Act. The all-stock consideration is 0.0399 of a GORO share per Aquila share (about a 29% premium), with the transaction expected to close in late November 2021 subject to shareholder, court, and regulatory approvals.
-
January 14, 2019
- Buyer
- Sleeping Bear Capital
- Target
- Adaptive Energy LLC
- Seller
- Ultra Electronics
- Industry
- Energy
- Location
- Michigan, United States
- Type
- Divestiture
Sleeping Bear Capital, a newly formed San Francisco-based private equity firm, acquired the fuel cell manufacturing business unit of Ultra Electronics and relaunched it as Adaptive Energy LLC. Adaptive Energy — based in Ann Arbor, Michigan — designs and manufactures solid oxide fuel cells (SOFC) for backup and portable power, and serves customers including Lockheed Martin and RedHawk under long-term supply agreements.
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