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Joele Frank handles NRG Energy, which is acquiring the natural gas generation facilities of infrastructure company LS Power in a cash, stock and debt assumption deal valued at $12B.
The transaction for 13 gigawatts of power doubles NRG’s capacity and expands its footprint in Texas and the Northeast.
“This acquisition transforms NRG’s generation fleet and broadens our customized product offerings, enhancing our ability to bring the future of energy to millions of customers across the U.S.,” said Larry Coben, NRG CEO.
Noting that the country is in the early stages of a power demand supercycle, Coben said NRG is “excited to lead the way with reliable energy solutions that will drive considerable value for the company and all of our stakeholders.”
LS Power is expected to own approximately 11 percent of NRG shares outstanding, and has committed to a 6-month lock-up period with respect to its equity ownership of NRG common stock.
It will retain approximately 10 GW of electric generation capacity across natural gas, renewables, and energy storage projects,
Joele Frank, Wilkinson, Brimmer, Katcher has partners Barrett Golden and Jed Repko, managing director Tim Ragones and director Fouad Boutros representing NRG.
Prosek Partners handles LP Power.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
FGS Global heads the list in Mergermarket’s ranking of the top PR advisors in M&A deals for 2025. Joele Frank, Brunswick Group follow.
Financial marketing is entering a new era where brands must move beyond mere storytelling and increasingly demonstrate to audiences that they’re prepared for change.
The Walt Disney Company is bringing on Benjamin Swinburne as EVP of investor relations and corporate strategy.
