M&A Deal Summary |
|
|---|---|
| Date | 2023-08-14 |
| Target | Kleen |
| Sector | Utilities |
| Buyer(s) | ArcLight Capital Partners |
| Sellers(s) |
Sojitz
Osaka Gas Kyushu Electric Power EnerGia |
| Deal Type | Divestiture |
SEARCH BY
| Category | Infrastructure |
|---|---|
| Founded | 2001 |
| PE ASSETS | 20.0B USD |
| Size | Mega |
| Type | Sector Focused |
ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.
| DEAL STATS | # |
|---|---|
| Overall | 98 of 102 |
| Sector: Utilities M&A | 12 of 12 |
| Type: Divestiture M&A Deals | 7 of 8 |
| State: Connecticut M&A | 2 of 2 |
| Country: United States M&A | 84 of 87 |
| Year: 2023 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-05 |
Gulf Oil
Wellesley Hills, Massachusetts, United States Gulf Oil is a diverse and growing refined products terminaling, storage, and logistics business and a leading distributor of motor fuels in the United States. Gulf Oil was established in 1901 and is based in Wellesley Hills, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-05 |
REC Solar
San Luis Obispo, California, United States REC Solar is a provider of residential solar electric system design and installation with a local presence in all major solar markets in the U.S. By providing innovative products, efficient processes and integrated services, REC Solar’s residential solar solutions deliver high-quality systems while lowering the cost of solar power for all. REC Solar was founded in 1997 and is based in San Luis Obispo, California. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2003 |
| Sector | Business Services |
| Employees | 25,118 |
| Revenue | 2.51T JPY (2025) |
Sojitz is a general trading company. Sojitz Group offers businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects, in Japan and overseas. Sojitz was established in 2003 and is based in Tokyo, Japan.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Connecticut M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-02 |
Dutton Group
Richmond, Australia Dutton Group is an operator and marketer of prestige used vehicles with a national footprint and direct to consumer offering, while Dutton Garage is a bespoke, classic, and super-luxury vehicle retailer. Dutton Group was founded in 1911 and is based in Richmond, Australia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-21 |
Silaba
San Francisco, Panama Silaba is an automotive import wholesaler and dealership operator. Silaba was founded in 1991 and is based in San Francisco, Panama. |
Buy | - |
Osaka Gas is a distribution of gas, generation and distribution of power, etc. Osaka Gas was founded in 1897 and is based in Osaka, Japan.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Connecticut M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-14 |
Kleen
Middletown, Connecticut, United States Kleen Energy Systems operates a 620-megawatt natural gas-fired, combined-cycle power plant, using gas and steam turbines to generate electricity. Kleen was founded in 2008 and is based in Middletown, Connecticut. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1951 |
| Sector | Utilities |
| Employees | 21,173 |
| Revenue | 2.36T JPY (2025) |
Kyushu Electric Power mainly involved in electric power business. It operates through electric power, energy related business, IT and telecommunications, and other segments. Kyushu Electric Power was founded in 1951 and is based in Fukuoka, Japan.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Connecticut M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-14 |
Kleen
Middletown, Connecticut, United States Kleen Energy Systems operates a 620-megawatt natural gas-fired, combined-cycle power plant, using gas and steam turbines to generate electricity. Kleen was founded in 2008 and is based in Middletown, Connecticut. |
Buy | - |
EnerGia is an electric utility company that generates, transmits, and distributes electricity, providing power to millions of inhabitants. EnerGia was founded in 1951 and is based in Hiroshima, Japan.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Connecticut M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-14 |
Kleen
Middletown, Connecticut, United States Kleen Energy Systems operates a 620-megawatt natural gas-fired, combined-cycle power plant, using gas and steam turbines to generate electricity. Kleen was founded in 2008 and is based in Middletown, Connecticut. |
Buy | - |
