GS - Mergers and acquisitions

199 MW / 796 MWh project expands GridStor's options for Western utilities to meet rising power demand and maintain grid reliability GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired the 199 MW, 796 MWh Birdseye project in Adams County, Colorado from Accelergen. The acquisition is GridStor's fifth within the last eighteen months and its second in the Western U.S. "We are actively expanding our portfolio by acquiring high-quality projects," said Chris Taylor, CEO of GridStor. "One of our core strengths is efficiently transitioning projects from the development phase to operational status. We look forward to bringing mo

Transaction Accelerates FGI's Growth and Expands Product Offering FGI Worldwide LLC ("FGI" or the "Company"), a leading provider of working capital financing and trade credit insurance solutions, today announced it has been acquired by the Private Equity business within Goldman Sachs Alternatives. Over its 25-year history, FGI has established a strong reputation as a leader and innovator in asset-based lending and risk mitigation, specializing in multi-jurisdictional working capital solutions that support businesses with flexible financing to drive domestic and global expansion. The acquisition enables FGI to accelerate its growth and expand its suite of financing, risk and Insurtech so

GridStor, a developer and operator of utility-scale battery energy storage systems, and Axpo, a leading international energy company headquartered in Switzerland, announced today the execution of an Energy Storage Agreement with the Hidden Lakes Reliability Project, a 220 MW, 440 MWh battery energy storage system located in Galveston County, Texas, which began operations in 4Q2025. In brief: GridStor and Axpo have executed an Energy Storage Agreement for the Hidden Lakes Reliability Project, a 220 MW, 440 MWh battery storage system in Galveston County, Texas. The partnership enhances pricing stability for Houston residents and businesses. The transaction demonstrates an innovativ

Construction and tax equity bridge loans and letters of credit will support the Gunnar Reliability Project in Texas GridStor, a developer and operator of utility-scale battery energy storage systems, today announced the close of a $120 million financing package provided by lending partners NORD/LB and Siemens Financial Services for its Gunnar Reliability Project, a 150 MW, 300 MWh battery energy storage facility in Hidalgo County, Texas. GridStor previously announced the execution of a tolling agreement with a Fortune 500 company for the project in December 2025. "This transaction marks a significant milestone in our disciplined portfolio growth, focused on contracted revenues," said Ch

150 MW Hidalgo County facility expected to begin operations by end of 2026 GridStor, a developer and operator of utility-scale battery energy storage systems, announced today execution of a tolling agreement with a Fortune 500 company for the Gunnar Reliability Project, a 150 MW, 300 MWh battery facility in Hidalgo County, Texas. The project has commenced construction and is expected to begin operations by the end of 2026. "At a time of rapidly increasing power demand, battery energy storage helps ensure affordable, reliable power to households and Lower Rio Grande Valley businesses," said Chris Taylor, CEO of GridStor. "We are proud to increase our commitment to building battery storage

New SVP and Head of Capital Markets to lead financing for 3+ GW of energy storage to supply utilities, data centers, and power retailers GridStor, a Goldman Sachs Asset Management-backed developer and operator of utility-scale battery energy storage systems, announced today that Spencer Mash has been hired as the company's Senior Vice President of Finance and Head of Capital Markets. Mash brings more than 20 years of experience in capital management to the GridStor executive team, including more than a decade of renewable energy finance focused on distributed generation and utility-scale solar and wind projects across the United States. Prior to joining GridStor, most recently Mash co-fou

Hidden Lakes Reliability Project is GridStor's first completed project in Texas and among the state's largest GridStor, a developer and operator of utility-scale battery energy storage systems, dedicated its Hidden Lakes Reliability Project facility on November 4 with public officials and regional business leaders. Now in operation, the 220 MW / 440 MWh battery energy storage facility can provide power equivalent to serving 140,000 average Texas households during the hours of highest electric demand. "The Hidden Lakes Reliability Project is helping meet Texas' historic economic expansion and fast-growing demand for electricity from cities, data centers, and other large industrial customer

Portland, United States, Oct. 14, 2025 (GLOBE NEWSWIRE) -- NAVEX (the "Company"), a leading global provider of ethics, risk and compliance management software, announced today that Goldman Sachs Alternatives has completed the acquisition of a majority stake in the Company. Blackstone's private equity strategy for individual investors ("Blackstone") has also become a significant minority investor in the Company. BC Partners, NAVEX's former majority shareholder, will retain a significant minority stake in the company. The new capitalization will fuel NAVEX's continued expansion into global markets and ongoing innovation of the NAVEX One integrated GRC platform. With the acquisition complete

100 MW / 400 MWh White Tank project will help Arizona Public Service meet rising power demand and maintain grid reliability GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired the 100 MW / 400 MWh White Tank battery storage project in Arizona from Strata Clean Energy. The project will be operated via a 20-year tolling agreement with Arizona Public Service (APS), the state's largest electric utility serving approximately 1.4 million homes and businesses. The project is sited in Maricopa County and is expected to be placed in service in the first half of 2027. Strata will continue to serve in a consultative role for the

Financing supports GridStor's nationwide development pipeline of battery energy storage facilities for utility and data center customers GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has closed a $50 million letter of credit with NORD/LB in support of its development goals. GridStor's project pipeline includes over 3 GW of projects across the western and central U.S. in later-stage development or under construction. Backed by Goldman Sachs Asset Management, GridStor has also made 450 MW of late-stage project acquisitions year-to-date for facilities in Texas, Oklahoma, and Arizona. "We are proud to continue our partnership wit

Dedrick steps into the role with more than two decades of leadership in power sector engineering, technology, and project development GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that Daniel Dedrick has been appointed as the company's chief technology officer (CTO). Dedrick has more than 20 years of experience leading power system engineering, technology development, and project development across multiple energy technologies. He joined GridStor in 2022 and served most recently as the company's senior vice president of engineering, procurement, and construction (EPC) and technical operations. "Daniel is one of the best technical strat

BIRMINGHAM, AL, March 25, 2025 (GLOBE NEWSWIRE) -- Fleetio, a leading fleet optimization software platform, today announced the acquisition of Auto Integrate, the premier maintenance authorization platform, in a landmark deal establishing Fleetio as a preferred solution for fleet maintenance. The company announced simultaneously the successful closing of over $450 million to finance the acquisition, valuing the combined business at over $1.5 billion. The round was co-led by existing Fleetio investor Elephant and new investor Growth Equity at Goldman Sachs Alternatives.   This strategic union creates a platform designed with customer-centricity to serve fleet operators of all sizes across

150 MW / 300 MWh acquisition will help the region meet rising power demand from data centers and other large customers GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired a 150 MW / 300 MWh battery storage project in Texas from Balanced Rock Power (BRP). GridStor's acquisition and plan to expand its operations into the Lower Rio Grande Valley region in Texas comes during a critical time. Driven by rapid growth in power demand in the state from large industrial customers, the Electric Reliability Council of Texas (ERCOT) now forecasts an approximately 50% increase in the state's peak load by 2030. Over 8 GW of battery e

DALLAS, Jan. 30, 2025 /PRNewswire/ -- Goldman Sachs Alternatives and Dalfen Industrial, a leader in last-mile industrial real estate, have announced the acquisition of a 21-building, 2.1-million-square-foot portfolio of infill logistics properties. The deal was acquired off-market and adds strategic assets across Dallas, Las Vegas, Cincinnati, and Pennsylvania to their growing portfolio. The newly acquired portfolio is 92% leased to 68 tenants, including prominent names such as Amazon, Red Bull, and Packaging Corporation of America. "Our success in executing on a multi-market

100 MW / 400 MWh acquisition will help the region meet rising power demand and support grid reliability. GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired a 100 MW / 400 MWh battery storage project in Arizona from Capacity Power Group (CPG). GridStor's acquisition and plan to construct battery storage in Arizona comes during a critical time for the region. Rising power demand from residential and large industrial customers is rapidly increasing the volume of new capacity that Arizona's electric utilities project they will need. "Battery storage is a scalable and near-term solution to powering historic load growth i

200 MW / 800 MWh acquisition will help the region meet rising power demand from data centers and other large customers GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired a battery storage project in Oklahoma, totaling 200 MW / 400 MWh to be developed in two phases, from Black Mountain Energy Storage (BMES). GridStor's acquisition and plan to construct battery storage in Oklahoma comes during a critical time for the region. The Southwest Power Pool (SPP) has indicated an urgent need for new power resources to go online by 2030 to support electric system reliability and meet rising demand from data centers and other lar

220 MW Texas facility expected to begin operation in summer 2025 GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that construction is underway for its 220 MW, 440 MWh battery facility in Galveston County, Texas. The Hidden Lakes Reliability Project (formerly called Evelyn Energy Storage) is expected to begin operations in the summer of 2025. "Battery energy storage is a safe, reliable solution to meeting fast-growing demands for power in the greater Houston area," said Chris Taylor, CEO of GridStor. "Hidden Lakes will bolster the electric supply in Texas, providing energy that stabilizes the power grid and contributes to meeting the hour

LARKSPUR, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Virtú Investments ("Virtú"), a multifamily real estate investment firm primarily engaged in the acquisition and management of apartments in the western United States, today announced it has acquired Skyglass Tower, a brand-new Class A, 338-unit, 31-story multifamily tower located in downtown Seattle, WA. Completed in 2024, the LEED Gold, glass-paneled high-rise in the South Lake Union neighborhood is comprised of luxury studio and 1-3 bedroom units, three floors of underground parking, as well as retail space at ground level. Additional features include a rooftop green space, gym, a lobby with high-end finishes, and views of the Space

Kennedy Lewis Investment Management ("Kennedy Lewis"), a leading opportunistic credit manager, today announced that Petershill at Goldman Sachs Asset Management ("Petershill") has made a passive, minority investment in the firm. The transaction will provide Kennedy Lewis with additional resources to further align its interests with clients and accelerate investment in the business, including by continuing to attract best-in-class professionals to the firm. The investment from Petershill will have no impact on Kennedy Lewis' investment process, management, or day-to-day operations. In conjunction with the investment from Petershill, Azimut Alternative Capital Partners, LLC ("AACP") will di

450 MW / 900 MWh Texas acquisition expected to begin construction as early as Summer 2024 GridStor, a developer and operator of utility-scale battery energy storage systems, announced today that it has acquired an up to 450 MW / 900 MWh project in Galveston County, Texas from Balanced Rock Power. The Evelyn Battery Energy Storage project, which is slated to begin construction in Summer 2024, has an anticipated on-line date of Spring 2025. The project is scheduled to go online at a critical time for Texas. The Electric Reliability Council of Texas (ERCOT) recently forecasted that summer peak power demand in the state will increase by another 5,000 MW by the end of the decade, with the po

Burkhartsmeyer joins GridStor with more than 25 years of financial and operational experience in the utility and renewable energy sectors GridStor, a developer and operator of grid-scale battery energy storage systems, announced today that Frank Burkhartsmeyer has been appointed as the company's chief financial officer (CFO), effective August 28. Burkhartsmeyer has more than 25 years of financial and operational experience in the utility and renewable energy development sectors, including most recently as executive vice president of strategy and business development and CFO at NW Natural (NYSE:NWN), a natural gas distributor. "Frank is a proven finance leader who brings to GridStor a 25

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN, HONG KONG, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.  OSLO, Norway, July 14, 2023 /PRNewswire/ -- Kahoot! ASA ("Kahoot!") today announces an agreement for a recommended voluntary all cash offer from the Private Equity business within Goldman Sachs Asset Management, with co-investors General Atlantic FT B.V. ("General Atlantic"), KIRKBI Invest A/S ("KIRKBI"), Glitrafjord AS and certain other investors and management shareholders ("the Co-Investors", and collectively with funds managed

CDT Invests in $1.2 Billion Acquisition Preserving More Than 10,000 Affordable Housing Units. Joint Venture Partnership Known as Essential Housing Impact Partnership Acquires 90 Communities Across Eight States. The Community Development Trust ("CDT"), together with The Michaels Organization ("Michaels") and Goldman Sachs Urban Investment Group ("UIG"), have completed the purchase of 90 affordable housing communities, a $1.2 billion acquisition that will ensure long-term affordability for the residents of more than 10,000 units of quality affordable housing. NEW YORK, April 24, 2023 /PRNewswire-PRWeb/ -- The Community Development Trust ("CDT"), together with The Michaels Organization ("Michae

The Series C fundraising brings the total amount raised to date to over $225 million.Latest funding led by Kinnevik and Goldman Sachs Asset Management; Akhil Chainwala from Kinnevik and Kirk Lepke from Goldman Sachs to join the board.Funding will be used to accelerate product innovation, global expansion and consolidation through its Mews Ventures arm.AMSTERDAM and NEW YORK, Dec. 15, 2022 /PRNewswire/ --  Mews, a leader in hospitality technology, today announced it has closed its Series C round at $185 million. The equity investment was led by Kinnevik and the Growth Equity business within Goldman Sachs Asset Management with participation from Revaia, Derive Ventures and Orbit Capital; and r

The strategic partnership between CAF and Goldman Sachs acquires 2,766 units to preserve affordable housing and implement social programs to benefit residents on site. CAF Funds, a subsidiary of CAF Companies dedicated to social impact, has acquired a portfolio of eight multifamily housing communities, growing its impact-driven portfolio to a total of 16 properties across Texas. The Obsidian portfolio was acquired by CAF in partnership with the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs). With this acquisition, CAF and Goldman Sachs jointly own 3,800 units throughout metropolitan Texas, bringing CAF's ‘Impact + Housing' platform to upwards of 6,000 units.

ClearGen LLC, a portfolio company of Blackstone Credit's Sustainable Resources Platform, announced an investment in a portfolio of partnership interests in 25 wind farms totaling 1.4 net GW of existing generation capacity throughout the United States. The Sustainable Investing Group within Goldman Sachs' Asset Management (Goldman Sachs) provided tax equity to ClearGen to support the acquisition of the interests from MUFG. "ClearGen is excited to provide a unique solution to MUFG by utilizing Blackstone Credit's efficient cost of capital and the partnership with Goldman," said Rob Howard, ClearGen's CEO. "The transaction adds significant scale to our portfolio of diversified, contracted ren

Today GridStor, a developer and operator of grid-scale battery energy storage systems, announced the acquisition of a portfolio of storage projects currently in development in the greater Los Angeles area from Upstream Energy of San Diego. The portfolio consists of multiple projects representing over 500 MW / 2,000 MWh of capacity, or enough to power 375,000 California homes, with proposed on-line dates between 2024 to 2026. The projects will be going online in an important time for California's transition to clean energy, as the state works toward a carbon free electricity system by 2045. To meet these goals, the California Energy Commission projects that 49,000 MW of battery storage will

BOGOTA, Colombia and NEW YORK, Sept. 26, 2022 /PRNewswire/ -- Data Horizon Americas (DHA or DHAmericas) is announcing that it has secured institutional financial backing from Global Compute Infrastructure, LP (Global Compute) and Southern Cross Group (SCG), two blue-chip institutional investors with the accomplishments and know-how across global datacenter infrastructure development & operations and private equity sponsorship in Latin America. Global Compute, constituted in 2020 by former co-founders of Digital Realty Trust and led by a team of international datacenter veterans with over 90 years of combined industry experience, is backed by Goldman Sachs Asset Management. SCG is the first a

CHARLOTTE, N.C., Aug. 17, 2022 /PRNewswire/ -- Lincoln Harris, in partnership with the Real Estate business within Goldman Sachs Asset Management (Goldman Sachs), today announced they have closed on the sale of the 367,000-square-foot building at 650 South Tryon in Charlotte's Legacy Union mixed-use development to Highwoods Properties Inc. (NYSE:HIW). SIX50 is the third office tower in the 10-acre Legacy Union project to sell in the last three years."The vision for Legacy Union has always been to create a dynamic gateway for Uptown Charlotte, and with three first-class office towers totaling more than 1.5 million square feet of space, that vision is certainly becoming a reality," said Johno

Performant Capital announced today that it has formed Provider Technology, LLC ("Provider Technology") through the acquisitions of DavLong Business Solutions LLC and its affiliate Administrative Advantage LLC (collectively, "DBS") and On Demand Solutions Inc. ("ODS"). Provider Technology is a leading technology provider of outsourced software and IT services, revenue cycle management ("RCM") and back-office business support primarily to physician practices and health systems. The businesses will continue to operate independently under their respective brands but share best practices across all functional areas. Performant, investing out of Fund I, closed the DBS and ODS transactions simult

Complementary and highly strategic acquisition of leading gathering and processing (G&P) system in the Delaware BasinIncreases Targa's size and scale in the Delaware BasinLong-term fixed-fee contracts increase Targa's overall fee-based marginUnderpinned by long-term high-quality producer dedications$3.55 billion acquisition price represents approximately 7.5 times estimated 2023 adjusted EBITDA multipleNear and longer-term synergy potential reduces acquisition multiple over timeTarga now estimates standalone 2022 adjusted EBITDA to be between $2.675 billion and $2.775 billion and year-end leverage ratio of about 2.7 timesFully cash and debt-financed transaction; expect pro forma year-end 202

NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that funds managed by Apollo affiliates (the "Apollo Funds") have completed the acquisition of a majority stake in Novolex Holdings LLC ("Novolex" or the "Company"), a leading global manufacturer of diverse and sustainable packaging products for the foodservice, delivery and carryout, food processor and industrial markets, from funds managed by Carlyle (NASDAQ:CG). Carlyle will retain a minority stake in the Company. The financing for the acquisition includes the largest-ever sustainability-linked loan issued to date. Additional financial terms of the transaction were not disclosed. Stan Bikulege, Novolex Chai

The sale of Flatiron Park represents the largest single asset sale in Colorado history DENVER, Apr. 6, 2022 /PRNewswire/ -- JLL's Capital Markets group announced today that it has closed the record-setting sale of Flatiron Park, a 22-building life sciences and office campus totaling one million square feet in Boulder, Colorado. JLL worked on behalf of the seller, a joint venture between Crescent Real Estate, the Real Estate business of Goldman Sachs Asset Management and Lionstone Investments. BioMed Realty, a Blackstone portfolio company and leading provider of real estate solutions to the life science and technology industries, purchased the asset. The sale represents the largest single as

Flatiron Park to anchor BioMed's presence in thriving Boulder innovation ecosystem BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, today announced the acquisition of Flatiron Park located in Boulder, Colorado. The one-million-square-foot, 22-building life science and office campus is currently 90% leased to a mix of industry-leading technology and life science firms. Flatiron Park provides BioMed with the unique opportunity to expand its portfolio beyond its existing core markets and invest in the vibrant, growing, talent-rich community of Boulder. This press release features multimedia. View the full release here: https://www.busin

Financeit is Canada's leading financing provider in the home improvement industry, closing 2021 with over $2.3 billion in lifetime loan originations TORONTO, Feb. 11, 2022 /CNW/ - Financeit Inc. ("Financeit" or the "Company") announced today that Wafra Capital Partners Inc. ("WCP"), a New York-based specialty finance investment firm, has acquired the Company from Goldman Sachs Asset Management. Financeit is Canada's leading point-of-sale financing provider for the home improvement industry and powers sales transactions for merchants in home services, recreational vehicle, and

BOCA RATON, Fla., Oct. 14, 2021 /PRNewswire/ -- MDVIP, the national leader in personalized membership-based healthcare, today announced that the Private Equity business within Goldman Sachs Asset Management ("Goldman Sachs") and funds affiliated with Charlesbank Capital Partners ("Charlesbank") have completed the acquisition of MDVIP from Leonard Green & Partners and Summit Partners. The transaction gives Goldman Sachs and Charlesbank majority ownership of the company. Financial terms were not disclosed. With this investment from Goldman Sachs and Charlesbank, MDVIP is ideally

NEW YORK, Dec. 14, 2020 /PRNewswire/ -- Elliott Associates, L.P. and Elliott International, L.P. (together, "Elliott"), which together have made a substantial investment in the common stock and economic equivalents of Public Storage (the "Company" or "PSA"), today announced in a letter that it privately nominated six trustee candidates to the PSA Board last week. Continue Reading The PSA Growth Opportunity Tweet this Total Shareholder Return Analysis Annual Total Shareholder Return Ranking of Self-Storage Companies Public Storage Relative Market Share Over Time Invested Capital Growth vs. TSR O