Tracked deals
13
13 tracked deals across 2019-2026.
Energy Buyers & Acquisitions in North Carolina
Buyer mix
Mixed buyer set
12 pe · 8 strategic
Top trend
Volume peaked in 2024
6 tracked deals announced in 2024.
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 |
|---|---|---|---|
| Kian Capital Partners | 2 | Middle-market private investment firm providing equity an... | PE |
| RF Investment Partners | 2 | Structured growth capital investor focused on lower-middl... | PE |
| Apogem Capital | 1 | Alternatives investment manager offering private equity, ... | PE |
| BridgePeak Energy Capital | 1 | Energy-focused commercial loan service provider and inves... | PE |
| Emerald Technology Ventures AG | 1 | Venture/investment firm focused on energy, water, advance... | PE |
| Energy Products, Inc. | 1 | Independent distributor of industrial and consumer batter... | Strategic |
| Galway Sustainable Capital, Inc. | 1 | Specialty finance firm investing in real assets and compa... | PE |
| Magnolia River Services Inc. | 1 | Provider of pipeline, infrastructure, and geospatial util... | Strategic |
| MergeCo / Elevra Lithium (combined company) | 1 | Merged lithium company intended to operate as Elevra Lith... | Mixed |
| Montauk Renewables, Inc. | 1 | Public renewable energy company that develops, owns and o... | Strategic |
Acquisition Volume in Energy in North Carolina by Year
Last 5 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
April 14, 2026
- Buyer
- BridgePeak Energy Capital
- Target
- ACT Power Services
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Buyout
ACT Power Services, a solar and battery energy storage operations and maintenance (O&M) provider, was acquired by a group of strategic investors led by BridgePeak Energy Capital. The transaction was completed via a Chapter 11 bankruptcy acquisition, with closing finalized on January 31, 2026 following a Chapter 11 auction and U.S. Bankruptcy Court approval.
-
- Buyer
- Sayona Mining Limited, MergeCo / Elevra Lithium (combined company)
- Target
- Piedmont Lithium Inc.
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Buyout
Piedmont Lithium Inc. and Sayona Mining Limited signed a definitive all-stock merger agreement to combine and create a leading North American lithium producer. The combined company, MergeCo (to be named Elevra Lithium), is expected to be formed with an approximate 50%/50% ownership split between Piedmont and Sayona shareholders on a fully diluted basis, subject to shareholder and regulatory approvals.
-
March 10, 2025
- Buyer
- Pelican Energy Partners
- Target
- United Services Group
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Buyout
Houston-based private equity firm Pelican Energy Partners has acquired United Services Group, a Charlotte-based full-service welding, machining, and fabrication contractor serving utilities and power generators. The deal expands Pelican's portfolio in the energy services sector and will support USG's continued growth across nuclear, fossil, natural gas, solar, and petrochemical markets.
-
August 14, 2024
- Buyer
- Kian Capital Partners, Apogem Capital, RF Investment Partners
- Target
- SPATCO Energy Solutions
- Seller
- RF Investment Partners
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Recapitalization
Kian Capital Partners and Apogem Capital led a $230 million continuation fund to acquire SPATCO Energy Solutions from RF Investment Partners, with RF reinvesting alongside the new fund. SPATCO, a Charlotte-based provider of fueling infrastructure sales, installation, maintenance and compliance services with ~1,000 employees and 33 offices across the U.S. and Canada, will continue its growth under the new ownership structure.
-
April 30, 2024
- Buyer
- Magnolia River Services Inc.
- Target
- Heath and Associates, Inc.
- Seller
- Heath and Associates, Inc.
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Buyout
Magnolia River Services Inc. has acquired the assets and operations of Heath and Associates, Inc., a Shelby, North Carolina-based engineering and utility consulting firm serving municipal and cooperative natural gas systems. The deal brings Heath leadership into Magnolia River’s engineering organization and strengthens Magnolia River’s commitment and capabilities in the municipal natural gas market.
-
April 12, 2024
- Buyer
- Energy Products, Inc.
- Target
- Global Battery Direct
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Buyout
Energy Products, Inc., a Michigan-based battery distributor, has acquired Global Battery Direct of Ocean Isle Beach, North Carolina to expand its distribution footprint in the eastern United States. The acquisition strengthens Energy Products' network and product offering to better serve battery partners, customers and vendors across key regional markets.
-
April 2, 2024
- Buyer
- Ulteig
- Target
- Affinity Energy
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Buyout
Ulteig has acquired Affinity Energy, a Charlotte-based control systems integrator, to strengthen its SCADA, PLC and power management capabilities and expand its geographic and operational capacity. Affinity Energy will be integrated into Ulteig and operate under the Ulteig name with its Charlotte office as the base for current employees.
-
- Buyer
- Skyview Energy, PS Energy Group, Inc.
- Target
- Mountain Power Electric
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Buyout
Skyview Energy, a division of PS Energy Group, has acquired Mountain Power Electric (MPE), a Murphy, North Carolina-based Generac distributor that provides sales, installation and service of generators and electrical services. The acquisition expands Skyview's energy solutions and service footprint across the Tri-State area of western North Carolina, northern Georgia and eastern Tennessee.
-
January 11, 2024
- Buyer
- Sterling Power Opportunities, Galway Sustainable Capital, Inc.
- Target
- Forsite Renewables
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Buyout
Sterling Power Opportunities, a subsidiary of Galway Sustainable Capital, has acquired a majority interest in Forsite Renewables to fund expansion of the Charlotte-based developer's utility-scale solar and battery storage project pipeline. Galway will retain Forsite's existing management team and provide capital to accelerate development and repurposing of legacy fossil-fuel sites into renewable projects across the United States.
-
Kian Capital Majority Recapitalizes SPATCO; SPATCO Adds The Southern Co. (NLR) and Adams Tank & LiftAugust 17, 2021
- Buyer
- Kian Capital Partners, RF Investment Partners, PA Capital
- Target
- SPATCO Energy Solutions, The Southern Company of North Little Rock (SoCo), Adams Tank & Lift (AT&L)
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Recapitalization
Kian Capital Partners completed a majority recapitalization of SPATCO Energy Solutions in September 2020 with co-investors RF Investment Partners and PA Capital, supporting SPATCO's buy-and-build strategy. SPATCO then closed two add-on acquisitions: The Southern Company of North Little Rock (Dec 2020) and Adams Tank & Lift (July 2021), expanding its fueling equipment, installation, maintenance and environmental compliance footprint across the Southeast.
-
July 7, 2021
- Buyer
- Superior Plus Corp.
- Target
- Williams Energy Group
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Buyout
Superior Plus Corp. acquired the assets of Williams Energy Group, a North Carolina-based retail propane distributor, expanding its footprint and customer base in the state. Williams Energy, founded in 1998, supplies ~7 million gallons of propane annually to about 12,000 retail and commercial customers; the deal creates operational synergies with Superior’s recent Freeman Gas acquisition.
-
May 11, 2021
- Buyer
- Montauk Renewables, Inc.
- Target
- NR3, LLC
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Buyout
Montauk Renewables, Inc. acquired NR3, LLC, a Greensboro, North Carolina-based environmental technology company that converts agricultural waste into renewable fuels and products. Montauk expects the acquisition to expand its agricultural waste-to-energy capabilities and deploy NR3's near-zero-emissions technology across planned swine waste-to-fuel cluster projects in North Carolina.
-
- Buyer
- Pegasus Capital Advisors, L.P., Emerald Technology Ventures AG, Third Prime
- Target
- Phase Change Energy Solutions, Inc.
- Industry
- Energy
- Location
- North Carolina, United States
- Type
- Growth capital
Phase Change Energy Solutions, a North Carolina developer of BioPCM thermal storage materials, received a growth investment from Pegasus Capital Advisors, Emerald Technology Ventures AG and early investor Third Prime. Pegasus operating advisor Dennis McGill is joining PCES as CEO and the capital will fund product development, an Innovation Center in Greensboro and accelerated global expansion; terms were not disclosed.
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