Tracked deals
5
5 tracked deals across 2020-2025.
Energy Buyers & Acquisitions in West Virginia
Buyer mix
Strategic-led
5 strategic · 2 pe
Top trend
Volume peaked in 2020
2 tracked deals announced in 2020.
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 |
|---|---|---|---|
| Eagle Summit Resources, LLC | 1 | Privately held coal operator with metallurgical and therm... | Strategic |
| Hearthstone Holdings, Inc. | 1 | Holding company that owns and operates regulated natural ... | Strategic (PE-backed) |
| Hull Street Energy | 1 | Private equity firm that invests in power generation and ... | PE |
| Nitro Construction Services | 1 | Publicly traded company providing contracting and constru... | Strategic |
| Nitro Construction Services Inc. | 1 | Electrical contractor and construction services subsidiar... | Strategic |
| Ullico Infrastructure Fund (UIF) | 1 | Infrastructure investment fund providing long-dated, low-... | PE |
| Vicinity Energy | 1 | Owner and operator of district energy systems (steam, hot... | Strategic (PE-backed) |
Acquisition Volume in Energy in West Virginia by Year
Last 4 years
Supporting Data
Recent Transactions
-
October 8, 2025
- Buyer
- Eagle Summit Resources, LLC
- Target
- Reflectance Energy, LLC
- Industry
- Energy
- Location
- West Virginia, United States
- Type
- Buyout
Eagle Summit Resources, LLC purchased Reflectance Energy, LLC and will operate the acquired Reflectance coal mining complex under the new name Eagle Mountain Energy, LLC. The acquisition adds more than two million tons of annual metallurgical coal production capacity in Wyoming County, West Virginia and strengthens ESR's position among the top U.S. metallurgical coal producers; the deal was accompanied by a new term loan facility from Valor Mining Credit Partners (managed by Breakwall Capital in partnership with Vitol) and an exclusive marketing agreement with Vitol for export volumes.
-
- Buyer
- Hearthstone Holdings, Inc., Ullico Infrastructure Fund (UIF)
- Target
- Hope Gas, Inc.
- Seller
- Dominion Energy, Inc.
- Industry
- Energy
- Location
- West Virginia, United States
- Type
- Addon
Hearthstone Holdings, a portfolio company of Ullico Infrastructure Fund (UIF), closed the acquisition of 100% of Hope Gas, Inc. from Dominion Energy. Hearthstone will move its headquarters to Morgantown, West Virginia, plans to hire roughly 100 additional employees, and intends to leverage local natural gas resources to expand service to more customers across the state.
-
April 30, 2021
- Buyer
- Energy Services of America Corporation, Nitro Construction Services Inc.
- Target
- Revolt Energy, Inc.
- Seller
- Revolt Energy, Inc.
- Industry
- Energy
- Location
- West Virginia, United States
- Type
- Buyout
Energy Services of America Corporation’s Nitro Construction Services subsidiary completed the purchase of substantially all assets of Revolt Energy, Inc., a Nitro, West Virginia-based solar installation company. The asset purchase, completed April 30, 2021, brings residential and growing commercial/industrial solar installation capabilities into Nitro’s service offering to support diversification into renewable energy.
-
- Buyer
- Vicinity Energy
- Target
- Morgantown Energy Associates
- Seller
- An investment affiliate of Starwood Energy Group Global, L.L.C.
- Industry
- Energy
- Location
- West Virginia, United States
- Type
- Buyout
Vicinity Energy has acquired Morgantown Energy Associates, the district energy system serving West Virginia University in Morgantown, West Virginia, from an investment affiliate of Starwood Energy Group Global, L.L.C. Vicinity plans to convert the system away from coal to primarily natural gas (with ULSD backup), invest in additional dual-fuel boilers, and reduce the system's carbon footprint and local air pollutants while expanding its U.S. district energy footprint.
-
- Buyer
- Hull Street Energy
- Target
- Gauley River Power Partners, LLC
- Seller
- Enel Green Power North America, GE Energy Financial Services, EGPNA Renewable Energy Partners, LLC
- Industry
- Energy
- Location
- West Virginia, United States
- Type
- Buyout
Hull Street Energy acquired 100% of the interests in Gauley River Power Partners, LLC, the operator of an 80 MW hydroelectric facility in Summersville, West Virginia, from Enel Green Power North America and GE Energy Financial Services (via their EGPNA Renewable Energy Partners JV). The purchase was part of a larger purchase-and-sale under which Hull Street acquired thirty-one hydroelectric stations from the EGPNA JV and expands Hull Street affiliates' generation portfolio across the United States.
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