Power Alley 10/28/2026

Power Alley™, by Industria Partners, is a collection of articles focusing on trends and transactions across the electrical infrastructure value chain. 

Chart of the Week: 

There are more than five utility workers age 45 and older for every new entrant under age 25, compared with the economywide ratio of less than 2:1. With half of their workers being over 45 years old, utilities could lose much of their current talent and knowledge base to retirements within the next decade. – Deloitte

Recent Market News:

• The U.S. Department of Energy announced ~$967 million in additional funding through its Grid Resilience State and Tribal Formula Grant program to support electricity infrastructure modernization, grid reliability, and resilience projects. – U.S. Department of Energy
• Constellation Energy secured a conditional loan commitment of up to $5.0 billion from the U.S. Department of Energy to support nuclear facility modernization and capacity upgrades intended to increase electricity generation from existing nuclear plants. – Constellation Energy
• CenterPoint Energy increased its 10-year capital investment plan by $4.0 billion to $70.7 billion through 2035 and accelerated $1.5 billion of investment into 2026–2030 to support growing electricity demand and infrastructure requirements. – CenterPoint Energy 

Transactions:

• 10/22/2026: Addtech Energy acquired Connectors & Switchgear, a manufacturer of high-voltage connectors and related components for electrical substations and switchgear. – Addtech
• 10/20/2026: ABB acquired a controlling 51% stake in a joint venture comprising Mitsubishi Electric’s low-voltage power distribution business, a manufacturer of circuit breakers, switches, contactors, control devices, and power distribution equipment, for ~$495 million. – ABB
• 10/20/2026: RED Group and Industrial Design Solutions received a growth investment from Falfurrias Management Partners, establishing an industrial automation platform providing control systems engineering, programming, integration, and field services. – Falfurrias Management Partners
• 10/20/2026: Sunbelt Solomon acquired Jordan Transformer, a provider of power transformer remanufacturing, rewinding, engineering, and testing services. – Sunbelt Solomon
• 10/20/2026: Morgan Stanley Capital Partners acquired The Rapid Group, a provider of inspection, repair, and maintenance services for pumps, electric motors, generators, and rotating equipment. – Morgan Stanley
• 10/19/2026: Platinum Equity acquired a majority stake in Trime, a manufacturer of mobile lighting towers, generators, and temporary power equipment. – Platinum Equity
• 10/16/2026: Bowman acquired dymaptic, a provider of geospatial software development, AI-powered mapping, and enterprise GIS solutions for infrastructure planning, utility network management, and asset optimization. – Bowman
• 10/15/2026: Neara acquired Zepben, a developer of electrical network modeling software for utilities that supports power system analysis, grid capacity planning, infrastructure investment, and renewable energy interconnections. – Neara
• 10/14/2026: Blackford Capital acquired E.G. Middleton, an electrical contractor providing high-voltage power distribution, substation construction, electrical installation, and specialized controls services. – Blackford Capital

In-Depth Read:
LS Power COO sees sweeping power sector investing needs: gas, renewables, transmission and more – Utility Dive

Podcast:
Building America’s new power grid – Energy Gang

Industria Partners maintains a core focus on high-value electrical services and products, offering tailored strategic advisory services to companies at every stage of the business cycle. Through industry connectivity, transaction experience, and expert execution, Industria delivers superior outcomes to its clients. Visit our website: Industria Partners