For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.
In March alone, we added more than 2,000 new private company transactions, bringing the total to over 22,000 searchable deals across sectors, industries, and transaction types in Dakota Marketplace.
Inside Dakota Marketplace, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the dakota transactions newsletter, helping you cut through the noise and focus on what matters most.
To ensure the most comprehensive coverage of private market activity, Dakota monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.
Below are the top 10 utilities transactions.
- Transaction Date: 4/29/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Growth Equity
- Transaction Value: $2.34B
Blackstone Infrastructure has agreed to invest up to €2 billion in Eurowind Energy, a pan-European renewables developer and independent power producer founded in Denmark with operations spanning onshore wind, solar, battery storage, and biogas across sixteen European markets. The investment will accelerate Eurowind's clean energy deployment — targeting three to four times its current pace of solar, wind, and battery installations — as surging European power demand driven by electrification, AI, and energy security imperatives is expected to grow at over 3% annually through 2040.
- Transaction Date: 4/20/2026
- Industry: Independent Power Sellers
- Type: Acquisition / Merger
- Transaction Value: $1.52B
MARA Holdings has agreed to acquire Long Ridge Energy & Power from FTAI Infrastructure for approximately $1.5 billion, including the assumption of at least $785 million in debt, adding a highly efficient 505 MW combined-cycle gas power plant and over 1,600 contiguous acres in Hannibal, Ohio to create a flagship AI and digital infrastructure campus. The site — which generates approximately $144 million in annualized adjusted EBITDA at all-in operating costs below $15/MWh — is expected to support more than 1 GW of total potential capacity and multiple monetization pathways including long-term HPC leases, flexible compute operations, and wholesale power generation.
- Transaction Date: 4/17/2026
- Industry: Electric Utilities
- Type: Acquisition / Merger
- Transaction Value: $824M
Macquarie Asset Management has agreed to divest Evryo Group, the owner of Romanian electricity distribution network Distributie Energie Oltenia (DEO), to Premier Energy Group for approximately €700 million, following a five-year ownership period during which DEO invested over RON 2.3 billion in network modernization and achieved a roughly 25% reduction in unplanned interruptions. The deal advances Premier Energy's strategy to become a regional energy transition leader, adding DEO's 80,000-kilometer distribution network serving 1.5 million customers across southwestern Romania to its existing generation, distribution, and supply operations across Romania, Moldova, and Hungary.
- Transaction Date: 4/10/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Real Assets
- Transaction Value: $768M
South Texas Electric Cooperative (STEC) has acquired the Braes Bayou and Brotman Generating Stations from PROENERGY for $768 million, adding 768 MW of fast-start, dispatchable natural gas-fired capacity across two operational facilities in Fort Bend and Brazoria Counties within the ERCOT market. The deal strengthens STEC's ability to meet surging Texas electricity demand driven by population growth, industrial expansion, and AI data center buildout, with PROENERGY continuing to staff and operate the facilities under an O&M agreement.
- Transaction Date: 4/21/2026
- Industry: Gas Utilities
- Type: Acquisition/Merger
- Transaction Value: $674M
Enagás has agreed to acquire a 31.5% stake in French gas transmission operator Teréga from GIC for €573 million, adding exposure to approximately 5,100 kilometers of gas pipelines and two underground storage facilities representing roughly 16% of France's gas transmission network and 27% of its national storage capacity. Separately, Enagás completed the sale of a 40% stake in Enagás Renovable to Hy24 for €48 million, retaining a 20% interest, as part of its strategic divestment plan to ensure compliance with European regulations on activity separation while advancing its hydrogen infrastructure ambitions.
- Transaction Date: 4/28/2026
- Industry: Gas Utilities
- Type: Real Assets
- Transaction Value: $470M
UGI Utilities has agreed to sell its Electric Division — comprising approximately 2,700 miles of transmission and distribution lines and 14 substations serving more than 63,000 customers in Pennsylvania's Luzerne and Wyoming counties — to Argo Infrastructure Partners for approximately $470 million, with after-tax proceeds earmarked for debt reduction. The divestiture sharpens UGI's focus on its core natural gas business while marking Argo's fourth utility investment in Pennsylvania, with the transaction expected to close in the first quarter of 2027.
- Transaction Date: 4/21/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Venture
- Transaction Value: $380M
Blue Energy, a developer of prefabricated nuclear power plants, has raised $380 million in financing led by VXI Capital with backing from Engine Ventures, At One Ventures, and Tamarack Global, to advance its turnkey approach to nuclear plant development centered on offsite prefabrication, standardized delivery, and fixed-price contracting. The proceeds will support long-lead equipment procurement and project development, with early site works on its first planned 1.5 GW project in Texas potentially beginning in 2026 — targeting a final investment decision in 2027 and designed to be the world's first project-financeable nuclear power plant without reliance on taxpayer dollars or ratepayer backstops.
- Transaction Date: 4/2/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Venture
- Transaction Value: $340M
Valar Atomics, a California-based nuclear startup developing small, factory-built High-Temperature Gas-Cooled Reactors for AI data centers, has raised $450 million at a $2 billion valuation — comprising $340 million in equity and $110 million in debt — backed by Anduril founder Palmer Luckey and Palantir CTO Shyam Sankar, bringing total funding to approximately $580 million. The company, which became the first to achieve zero-power criticality under the DOE's Nuclear Reactor Pilot Programme, is targeting commercial reactor operations by mid-2026 with its Ward 250 reactor design, aimed at powering AI data center gigasites through modular, mass-produced nuclear units.
- Transaction Date: 4/22/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Growth Equity
- Transaction Value: $200M
Nexamp, a Massachusetts-based clean energy company, has raised approximately $180 million in equity from two investors to support the expansion of its solar energy platform. Financial terms and investor identities were not disclosed beyond the funding amount.
- Transaction Date: 4/16/2026
- Industry: Electric Utilities
- Type: Growth Equity
- Transaction Value: $80M
Polaris Smart Metering, an I Squared Capital portfolio company providing end-to-end smart metering solutions in India, has raised approximately $80 million from British International Investment (BII) for its subsidiary Hooghly Smart Metering to deploy over 2.2 million smart meters in West Bengal. The funding supports Polaris' broader advanced metering infrastructure expansion, with the company currently managing an order book of approximately $1.1 billion covering 7.5 million electric meters across Uttar Pradesh, West Bengal, and Manipur.
At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.
Inside Dakota Marketplace, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.
Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota Marketplace helps you cut through the noise and focus on what matters most.
For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of Dakota Marketplace.
