M&A Deal Summary

CPS Energy Acquires ProEnergy Services Power Generation Portfolio

On September 15, 2025, CPS Energy acquired energy services and equipment company ProEnergy Services Power Generation Portfolio from ProEnergy Services for 1.4B USD

Acquisition Highlights
  • This is CPS Energy’s 3rd transaction in the Energy Services and Equipment sector.
  • This is CPS Energy’s largest (disclosed) transaction.
  • This is CPS Energy’s 3rd transaction in the United States.
  • This is CPS Energy’s 3rd transaction in Texas.

M&A Deal Summary

Date 2025-09-15
Target ProEnergy Services Power Generation Portfolio
Sector Energy Services and Equipment
Buyer(s) CPS Energy
Sellers(s) ProEnergy Services
Deal Type Divestiture
Deal Value 1.4B USD

Target

ProEnergy Services Power Generation Portfolio

San Antonio, Texas, United States
ProEnergy Services' Power Generation Portfolio includes four natural gas power generation facilities with an aggregate electric capacity of approximately 1,632 megawatts, which are based in San Antonio, Texas.

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Buyer(S) 1

Buyer

CPS Energy

San Antonio, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

CPS Energy is a provider of electricity and natural gas service.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Talen Energy - Natural Gas Plants in Corpus Christi and Laredo

Corpus Christi, Texas, United States

Talen Energy's Natural Gas Plants in Corpus Christi and Laredo is a 1,710-megawatt ("MW") generation portfolio located in the South Zone of the Electric Reliability Council of Texas ("ERCOT") market.

Buy $785M

Seller(S) 1

SELLER

ProEnergy Services

Sedalia, Montana, United States

Category Company
Founded 2002
Sector Energy Services and Equipment
DESCRIPTION

ProEnergy Services is an integrated service provider that delivers cost-effective, safe, and reliable services to the global energy industry. ProEnergy Services was founded in 2002 and is based in Sedalia, Missouri.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1