Data sourced from Dakota Private Markets, the private fund performance platform powered by Dakota. Learn More | Request Access
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 August alone, we added more than 2,000 new private company transactions, bringing the total to over 30,000+ searchable deals across sectors, industries, and transaction types in Dakota Private Markets
Inside Dakota Private Markets, 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’s team 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 utility transactions.
- Transaction Date: 8/11/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Buyout/Private Equity
- Transaction Value: $2.8B
A consortium led by CPP Investments and ReNew CEO Sumant Sinha will acquire ReNew Energy Global, an India-based renewable energy developer, in a scheme of arrangement valued at $10.2 billion, or approximately 11.21x EBITDA. Shareholders will receive $7.02 per share in cash — a 14.52% premium — or may elect to retain their shares and remain shareholders in the company. The deal follows over a year of price negotiations, up from an initial $8/share non-binding proposal, and is expected to close in the first quarter of 2027.
- Transaction Date: 8/18/2026
- Industry: Gas Utilities
- Type: Buyout/Private Equity
- Transaction Value: $1.25B
Bernhard Capital Partners has closed its acquisition of New Mexico Gas Company, the state's largest regulated natural gas utility, from Emera Inc., following approval from the New Mexico Public Regulation Commission. NMGC serves more than 550,000 customers with a team of over 750 employees and will continue operating under its existing name and management team, retaining its Albuquerque headquarters. The deal adds to Bernhard's growing portfolio of regulated utilities, which includes National Water Infrastructure, Clear Current, Delta Gas Company, and Magnolia Gas Company, alongside a pending agreement to acquire Cleco. Deal value/terms were not disclosed.
- Transaction Date: 8/4/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Venture
- Transaction Value: $1B
This $1 billion Series B (plus a $200 million credit facility) is a substantial outlier in size for the hardware/industrials sector, and given the company's stated pivot from single-reactor operation to fleet-scale manufacturing, runway likely extends well beyond the typical 24–30 month window—plausibly 36+ months given the capital-intensive nature of building out reactor and fuel-production facilities. Next raise, if needed, is more likely tied to manufacturing-scale milestones (reactor production rate, additional DOE program wins, or commercial fleet deployments) than a fixed timeline.
- Transaction Date: 8/3/2026
- Industry: Electric Utilities
- Type: Growth Equity
- Transaction Value: $1B
This $1 billion Series D at a $13 billion post-money valuation is a substantial outlier in size for hardware/industrials, and with over $2.5 billion raised to date and active manufacturing scale (thousands of systems/month at Factory 1), runway likely extends well beyond the typical 24–30 month window—plausibly 36+ months given the stated plans for national expansion and hiring. Next raise, if needed, is more likely tied to manufacturing/deployment scale milestones (fleet capacity, new state/utility partnerships) than a fixed timeline.
- Transaction Date: 8/17/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Real Assets
- Transaction Value: $940M
Equinor has agreed to acquire an 87.71% interest in the Class A shares of the Lackawanna Energy Center, a 1,483 MW gas-fired power plant in Pennsylvania, from funds managed by Global Infrastructure Partners (part of BlackRock), for approximately $940 million, subject to a potential purchase price reduction at closing. Invenergy, the plant's developer, will retain its remaining Class A stake plus all Class B shares and continue managing operations, while Equinor gains exposure to the rapidly growing PJM power market and synergies with its existing Appalachian Basin gas position nearby. The deal is subject to customary regulatory approvals, with no specific closing timeline disclosed.
Want to track utility deal activity like this as it happens? Explore the full transactions tab in Dakota Private Markets for real-time, filterable data on every deal in this sector.
- Transaction Date: 8/17/2026
- Industry: Electric Utilities
- Type: Credit
- Transaction Value: $857M
Dimension Energy has secured $857 million in additional capital, comprising a $200 million upsize of its corporate credit facility (bringing total to $650 million, led by Nuveen Energy Infrastructure Credit and HPS Investment Partners) and a $657 million construction-to-term debt and tax equity package to fund 29 distributed solar projects totaling 149 MW across five states. Advantage Capital served as tax equity investor, with the debt package led by MUFG Bank, First Citizens Bank, ING Capital, and National Bank of Canada as Coordinating Lead Arrangers. The financing builds on a $650 million portfolio financing closed earlier this year and supports Dimension's goal of reaching 1 GW of operating assets by 2028; the company currently owns over 600 MW of distributed energy assets operating and under construction.
- Transaction Date: 8/12/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Growth Equity
- Transaction Value: $750M
This $750 million Series G (bringing total equity raised to over $2 billion) is a substantial outlier in size for hardware/industrials, and given the company's expanded backlog (20 to 80 GWh) and stated manufacturing scale-up plans, runway likely extends well beyond the typical 24–30 month window—plausibly 36+ months. Next raise, if needed, is more likely tied to manufacturing/deployment milestones (backlog conversion, new commercial agreements) than a fixed timeline.
- Transaction Date: 8/20/2026
- Industry: Gas Utilities
- Type: Acquisition/Merger
- Transaction Value: $500M
Sempra has completed the sale of Ecogas México, a natural gas distribution network serving over 600,000 customers across Mexicali, Chihuahua, and La Laguna-Durango, generating approximately $500 million in U.S. dollar-equivalent proceeds. The transaction advances Sempra's capital recycling program supporting its roughly $65 billion five-year capital plan (over 95% directed toward regulated utility infrastructure), and complements the company's pending sale of a 45% equity interest in Sempra Infrastructure Partners to KKR affiliates, expected to close in Q3 2026. The Ecogas sale has already closed; the buyer was not disclosed.
- Transaction Date: 8/28/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Acquisition/Merger
- Transaction Value: $362.6M
Ballard Power Systems has closed its acquisition of GeoPura, a UK-based hydrogen power solutions provider, for total potential consideration of up to £302.6 million — £275.0 million upfront (£82.5 million cash plus ~50.8 million newly issued Ballard shares) plus up to £27.5 million in contingent payments. The deal transforms Ballard into an integrated hydrogen energy-as-a-service provider, combining GeoPura's power units, hydrogen production, and logistics with Ballard's fuel cell technology, with former GeoPura shareholders now holding roughly 14.1% of Ballard. The transaction has already closed.
- Transaction Date: 8/4/2026
- Industry: Independent Power and Renewable Electricity Producers
- Type: Credit
- Transaction Value: $200M
The $200 million credit facility (led by Erebor Bank as administrative agent and J.P. Morgan, alongside Crescent Cove and Hercules Capital) supplements the $1B Series B equity raise, providing additional non-dilutive capital to support the fleet-scale manufacturing buildout. As debt rather than equity, it extends runway further without adding to dilution, reinforcing the 36+ month outlook already implied by the equity round, with drawdowns likely tied to capital equipment and facility buildout needs rather than a fixed schedule.
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 Private Markets, 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 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, request access to Dakota Private Markets.
