Energy Acquisitions in Virginia

RESA Power, a Kohlberg-backed provider of power systems services, has acquired 3MD Power Services LLC, a Roanoke, Virginia-based specialist in high-voltage transformer testing, repair, maintenance and installation. The add-on expands RESA Power's transformer solutions capabilities, increases its oil/dielectric fluid processing rig fleet and establishes a local operating presence in the South Atlantic states.

Nuvve Holding Corp. (Nasdaq: NVVE) acquired substantially all of the net assets of Fermata Energy LLC through a newly formed subsidiary, Fermata Energy II LLC. The deal—approximately $659,000 in total consideration (about $340,000 cash plus assumed liabilities)—included issuance of 4,900,000 shares of convertible preferred stock to former Fermata debt holders and transfers key V2G IP, team members, and customer relationships to the combined platform. Nuvve says the acquisition will expand its V2G capabilities, broaden market reach across utilities, OEMs and fleets, and drive cost and product synergies through platform consolidation.

ABB has acquired U.S.-based Lumin, a provider of residential energy management hardware and cloud software, following a 2023 strategic minority investment. The acquisition brings Lumin's load-management hardware, integrations for solar and storage, and homeowner-facing software into ABB's Electrification portfolio to broaden its North American home electrification and smart-home offerings.

Standard Solar, a Brookfield Renewable company, has acquired a 12-megawatt community solar project portfolio in Virginia from New Leaf Energy, comprising one project in Chatham and two in Kilmarnock. The projects — including over 7 MW allocated to low- and moderate-income customers in Kilmarnock — are expected to generate about 19,811 MWh annually and mark Standard Solar's entry into Virginia's community solar market.

Allied Group Holdings, LLC (Allied Power), a Bernhard Capital Partners-backed platform, has acquired Dominion Engineering, Inc., a provider of field service equipment, technology, and specialized engineering services to the nuclear power industry. The add-on acquisition expands Allied's technical service, equipment and engineering capabilities for nuclear utilities, supporting outage, decommissioning and waste management work; financial terms were not disclosed.

Enverus, the energy-focused SaaS platform based in Austin, Texas, has acquired CRCL Solutions, a U.S.-based developer of cloud-based AI and physics-driven wind and solar generation forecasting tools. The purchase expands Enverus' power and renewables capabilities by integrating CRCL's plant-level forecasting algorithms and data into Enverus' analytics platform to better serve power traders, plant operators and other renewable market participants.

Critical Energy Infrastructure Services (CEIS), a platform formed by White Wolf Capital, has acquired IEM Energy Consultants, a U.S. provider of owners' engineering, operations & maintenance consulting, outage planning, and asset management services for power generation clients. The acquisition expands CEIS's O&M and engineering capabilities as the third add-on to the CEIS platform; financial terms were not disclosed.

EQT Infrastructure VI has agreed to acquire Madison Energy Investments (MEI) from affiliates of Stonepeak Partners. EQT will provide growth capital and digital/operational support to expand MEI's deployment of distributed solar and energy storage projects across the United States.

GPM Investments LLC, a subsidiary of ARKO Corp., has closed the acquisition of Quarles Petroleum's cardlock and fuel distribution business, acquiring 121 proprietary cardlock sites, management of 63 third-party cardlock sites, 46 dealer locations and a small transportation fleet. The deal retains nearly 100 Quarles employees, is expected to add about 160 million gallons (primarily diesel) to ARKO's annual volumes, and is projected to contribute roughly $17.5 million of adjusted EBITDA on an annualized basis (net of incremental rent).

Equinor has signed an agreement to acquire 100% of Charlottesville-based battery storage developer East Point Energy LLC, bringing a 4.1 GW pipeline of early- to mid-stage US battery storage projects into Equinor's renewables portfolio. The deal accelerates Equinor's entry into the US power market and expands its capabilities in grid-scale battery storage to support its broader renewable and trading strategy.

Superior Plus Corp. completed the acquisition of the retail propane and refined fuels distribution assets of Quarles Petroleum Inc. (the Quarles Delivered Fuels Business) for US$144 million. The assets serve roughly 55,000 residential and commercial customers—primarily in Virginia—and include 29 bulk plants, one rail terminal, ~3 million gallons of storage, a 196-vehicle fleet and 188 employees; Superior expects approximately US$19 million in run-rate Adjusted EBITDA within 24 months.

BayWa r.e. has acquired Beacon Solar, the solar distribution division of Beacon Roofing Supply (Nasdaq: BECN), and will integrate it into BayWa r.e. Solar Systems LLC to expand its U.S. distribution footprint. The deal increases BayWa r.e.'s U.S. warehouse network from six to 16 locations, supporting faster deliveries and cross-selling of solar and roofing products.

Mansfield Power & Gas, LLC (a subsidiary of Mansfield Energy Corp) acquired eServices Energy Management, LLC, a Glen Allen, Virginia-based natural gas marketing, asset optimization and logistics services provider. The deal expands Mansfield’s natural gas supply and producer services capabilities in the Mid-Atlantic and Appalachia (Marcellus/Utica), enabling growth of its end-user customer base and enhanced marketing/logistics solutions for producers and utilities.

KeyLogic Systems, LLC (a subsidiary of IIA Technologies Corp.) has acquired OnLocation, Inc., a Vienna, Virginia-based energy and environmental policy modeling and consulting firm. The deal combines KeyLogic's analytics, systems engineering, and cybersecurity capabilities with OnLocation's expertise in energy modeling to expand the combined firm's advanced modeling, data analytics, and policy-analysis offerings to government and industry clients.

Jones & Frank, a provider of fueling system solutions, has acquired M.L. Leonard, a Virginia-based petroleum equipment distributor and service provider. The deal expands Jones & Frank's sales, installation and maintenance capabilities in Virginia and the greater Mid-Atlantic region; MidOcean Partners, the sponsor behind Jones & Frank, said the acquisition aligns with its strategy to build a leading petroleum equipment solutions platform.