Power Alley 9/2/2026

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: 

Over the six months ended May 2026, announced power and utilities M&A activity totaled $216 billion across 23 transactions, up 173% from $79 billion across 23 transactions in the prior comparable period ended May 2025. – PWC

Recent Market News:

• Bank of America pledged $250 billion toward critical infrastructure projects across data centers, computing materials, conventional and renewable power generation, energy storage, transportation, water systems, and critical minerals and mining. – ESG Dive
• Trump’s grid executive order, effective August 26, that prevents certain foreign-made batteries, transformers, inverters, and related digital products from connecting to the U.S. power grid, is likely to cause delays and cancellations of power projects. – Utility Dive
• The US Department of Energy warned of the potential for heightened blackout risks in ⁠the PJM Interconnection, as intense heat will test the capacity of electricity supplies from the Midwest to the mid-Atlantic. – The Guardian

Transactions:

• 9/2/2026: Vertiv entered into an agreement to acquire Utility Innovation, a provider of microgrid solutions, advanced power controls, and behind-the-meter power architecture design for data centers, for ~$1.45 billion in cash at closing. – PR Newswire
• 9/1/2026: MacLean Power Systems signed a definitive agreements to acquire Delta Star, a provider of power transformers and mobile substation solutions. – Business Wire
• 8/27/2026: Omni Cable (Dot Family Holdings) completed its acquisition of Kingwire, a value-added distributor of low- and medium-voltage wire and cable. – Omni Cable
• 8/25/2026: Bearing Distributors, a distributor of bearings, power transmission products, and fluid power products, received a strategic growth investment from Kelso & Company. – Business Wire
• 8/24/2026: The Waldinger Corporation acquired Forward Electric, an electrical contractor providing electrical construction, maintenance, wiring, emergency repairs, and project management services. – Waldinger
• 8/24/2026: nVent Electric entered into a definitive agreement to acquire Maverick Power, a provider of engineered power distribution and infrastructure solutions, for a purchase price of $1.75 billion. – nVent
• 8/19/2026: PowerGEM acquired Power Info, a provider of software for power system engineers to model the power grid, including the substations, transmission lines, and equipment that deliver electricity. – PowerGEM

In-Depth Read:
Office of Energy Dominance Financing: Strategic Plan 2026–2030 – United States Department of Energy

Podcast:
Can AI revolutionize grid operations? – Catalyst

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