Energy Buyers & Acquisitions in Utah

Tracked deals

9

9 tracked deals across 2018-2026.

Buyer mix

Strategic-led

6 strategic · 2 pe

Top trend

Volume peaked in 2026

3 tracked deals announced in 2026.

Primary Insight

What Stands Out

  • EnergySolutions appears more than once: TriArtisan Capital Advisors increased its stake in 2022, and Energy Capital Partners (ECP) agreed to re-acquire it in 2026.
  • Capacity and capability expansion is a common angle, from IsoEnergy Ltd.’s uranium production increases to ENSERVCO Corporation adding frac water heating and hot oiling capabilities.
  • Utah-based activity is often paired with cross-border or multi-project positioning (e.g., Nu-Med Plus, Inc. and gold properties tied to Canada).
  • Buyers include both energy operators and investment firms, such as Crescent Energy Co., SunPower Inc., and TriArtisan Capital Advisors.

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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
Crescent Energy Co. 1 Independent oil and gas exploration and production compan... Strategic (PE-backed)
ENSERVCO Corporation 1 Publicly traded provider of specialized well-site service... Strategic
Energy Capital Partners (ECP) 1 Infrastructure-focused investor backing energy transition... PE
Ideanomics 1 Public company focused on fintech and mobile energy solut... Strategic
IsoEnergy Ltd. 1 Uranium producer advancing a multi-asset uranium strategy... Strategic
Nu-Med Plus, Inc. 1 OTCQB-quoted Utah company with an existing medical device... Mixed
Parkland Corporation 1 Independent supplier and marketer of fuel and petroleum p... Strategic
SunPower Inc. 1 Residential solar technology, services, and installation ... Strategic
TriArtisan Capital Advisors 1 Middle-market private equity firm that partners with mana... PE

Acquisition Volume in Energy in Utah by Year

Last 6 years

Acquisition volume by year Annual acquisition counts for the last 6 years for Energy Buyers & Acquisitions in Utah. 1 2018 1 2020 1 2021 2 2022 1 2024 ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Nu-Med Plus, Inc.
    Target
    Avid Gold Ltd, Maritimes Gold Corp., Six gold properties in Nova Scotia, New Brunswick, and Newfoundland and Labrador (via MegumaGold subsidiaries: 1156219 B.C. Limited and Crosby Gold Ltd)
    Seller
    MeguamGold Corp., 1156219 B.C. Limited, Crosby Gold Ltd
    Industry
    Energy
    Type
    Buyout

    Nu-Med Plus, Inc. acquired Avid Gold Ltd and its wholly owned subsidiary Maritimes Gold Corp., expanding its operations into gold exploration and development in Canada. In parallel, Nu-Med and its subsidiaries entered into a Mineral Property Purchase Agreement with MegumaGold Corp. (and subsidiaries) to acquire six gold properties across Nova Scotia, New Brunswick, and Newfoundland and Labrador, subject to customary closing conditions including MegumaGold shareholder approval.

  • Buyer
    Energy Capital Partners (ECP)
    Target
    EnergySolutions
    Seller
    TriArtisan Capital Advisors LLC
    Industry
    Energy
    Type
    Buyout

    Energy Capital Partners (ECP) announced a definitive agreement to acquire EnergySolutions, a nuclear lifecycle services provider, from TriArtisan Capital Advisors. The deal is expected to close in 2026 and is subject to customary regulatory approvals. Financial terms were not disclosed in the main announcement.

  • Buyer
    SunPower Inc.
    Target
    Sunder Energy
    Industry
    Energy
    Type
    Addon

    SunPower Inc. announced the successful completion of its integration of Sunder Energy, using a structured stage-gate methodology to embed SunPower processes across corporate functions, engineering rigor, and customer success standards. The company said the integration milestone involved completion of 311 tasks over six months and noted its integration pipeline still includes additional acquisitions scheduled for later in 2026.

  • Buyer
    IsoEnergy Ltd.
    Target
    Anfield Energy Inc.
    Industry
    Energy
    Type
    Buyout

    IsoEnergy Ltd. has entered into a definitive arrangement agreement to acquire all issued and outstanding common shares of Anfield Energy Inc. via a court-approved plan of arrangement. The deal is expected to expand IsoEnergy’s near-term U.S. uranium production capacity by securing ownership of Anfield’s Shootaring Canyon Mill and additional U.S. uranium/vanadium projects.

  • Buyer
    TriArtisan Capital Advisors
    Target
    EnergySolutions
    Seller
    Energy Capital Partners
    Industry
    Energy
    Type
    Buyout

    TriArtisan Capital Advisors, an existing minority investor, acquired the remaining majority ownership interest in EnergySolutions from Energy Capital Partners. The transaction, which closed in May 2022, positions TriArtisan to provide long-term ownership stability and support EnergySolutions' expansion across nuclear utility, commercial and government waste management and decommissioning markets.

  • Buyer
    Crescent Energy Co.
    Target
    Uinta Basin assets (formerly owned by EP Energy / Verdun Oil Co. II LLC)
    Seller
    Verdun Oil Co. II LLC, EnCap Investments LP, EP Energy
    Industry
    Energy

    Crescent Energy Co. closed its purchase of Uinta Basin oil and gas assets in Utah for $690 million, acquiring approximately 145,000 contiguous net acres producing roughly 30,000 boe/d (about 65% oil). The assets were sold by Verdun Oil Co. II LLC (an EnCap Investments-backed vehicle) previously associated with EP Energy; Crescent said the deal expands its Rockies position and adds multiyear development inventory and cash flow.

  • Buyer
    Ideanomics
    Target
    Wireless Advanced Vehicle Electrification, Inc. (WAVE)
    Industry
    Energy
    Type
    Buyout

    Ideanomics has signed a definitive agreement to acquire 100% of Wireless Advanced Vehicle Electrification, Inc. (WAVE) for cash and stock consideration. WAVE, headquartered in Salt Lake City, Utah, is a provider of inductive wireless charging systems for medium- and heavy-duty commercial EVs with reported unaudited 2020 revenues of about $7M.

  • Buyer
    Parkland Corporation
    Target
    Sevier Valley Oil Company, Inc.
    Seller
    Sevier Valley Oil Company, Inc. and related companies
    Industry
    Energy
    Type
    Buyout

    Parkland Corporation, through its wholly owned U.S. subsidiaries (Parkland USA), agreed to acquire all assets of Sevier Valley Oil Company, Inc. (SVO), a Richfield, Utah–based retail and commercial fuel business. The deal adds seven company retail locations, more than 20 retail dealers and approximately 350 million litres of annual fuel and petroleum product volume, expanding Parkland's U.S. retail and distribution footprint in southern Utah and the surrounding Rockies region.

  • Buyer
    ENSERVCO Corporation
    Target
    Adler Hot Oil Service, LLC
    Seller
    Adler Hot Oil Holdings, LLC
    Industry
    Energy
    Type
    Buyout

    ENSERVCO Corporation acquired all outstanding ownership interests of Adler Hot Oil Service, LLC for $12.5 million, with a combination of cash, a seller note, indemnity holdback and an earn-out. The acquisition expands ENSERVCO's frac water heating and hot oiling capabilities and geographic footprint (Bakken, DJ Basin, Green River, Marcellus/Utica) and is expected to be accretive to earnings and improve pro forma debt-to-EBITDA.

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Frequently Asked Questions

Which energy subsectors show up in Utah acquisition activity here?

Nuclear lifecycle services (EnergySolutions), uranium/vanadium production (IsoEnergy Ltd. and Anfield Energy Inc.), oil & gas asset portfolios (Crescent Energy Co.), industrial fuel retail (Parkland Corporation), and industrial electrification/wireless charging (Ideanomics).

Are there examples of investors buying back or increasing stakes in the same target?

Yes. TriArtisan Capital Advisors acquired the remaining majority interest in EnergySolutions in 2022, and Energy Capital Partners (ECP) later agreed to re-acquire EnergySolutions from TriArtisan in 2026.

Do any deals involve Utah-based companies acquiring assets from outside Utah?

Yes. For example, Nu-Med Plus, Inc. announced acquisitions tied to gold properties in Canada while the transaction is listed with Utah as the associated location. IsoEnergy Ltd. also targets U.S. production capacity through a planned acquisition involving Shootaring Canyon Mill.

What kinds of growth motives appear across these Utah energy deals?

Common motives include expanding operational footprint and capacity (e.g., uranium mill ownership, nuclear lifecycle services ownership, frac water heating capabilities) and adding operating assets or businesses such as retail fuel locations and contiguous oil & gas acreage.

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