Quantum Capital Group, a prominent investment firm, has announced it will acquire Cogentrix Energy, a major U.S. independent power producer, from funds managed by Carlyle Group for approximately $3 billion. The acquisition includes Cogentrix’s extensive portfolio of natural gas-fired power plants, which collectively provide 5.3 gigawatts of reliable energy across key U.S. markets. Cogentrix’s Power […]
In a significant development poised to reshape the energy landscape, HF Sinclair Corporation (NYSE: DINO) has unveiled plans to merge with Holly Energy Partners, L.P. (NYSE: HEP). As per the agreement, HF Sinclair will acquire all outstanding common units of HEP, in a deal that merges stock and cash components. The transaction underscores HF Sinclair’s […]
Targa Resources said that it has signed agreements to sell its fully-owned subsidiary that has a 25% stake in the Gulf Coast Express Pipeline (GCX pipeline) for $857 million. The US midstream services provider anticipates receiving the full proceeds from the divestiture in Q2 2022 after a customary call right period in favor of the […]