Consolidations continue: Q2’24 M&A trends in ENRC

• The Permian Basin and Eagle Ford are emerging as hotspots for O&G companies seeking to improve financial stability and achieve economies of scale, with the Permian region already responsible for almost 50 percent of domestic crude oil production.
• Utility infrastructure demand is surging, driven by the need to expand, upgrade, and maintain substation and grid equipment, making businesses in testing, repair, maintenance, and protection solutions particularly attractive for investment.
• Wind and solar operators are seeking new ways to minimize downtime and maximize supply, fueling M&A activity in renewables, as demand for reliable operations and maintenance providers grows.
• The Inflation Reduction Act (IRA) is gearing up to supercharge renewable energy M&A in 2024 with $400 billion in debt capital, driving continued interest in deals involving renewables and related areas.

The ENRC sector's resilience, driven by its essential role, limited exposure to economic cycles, and predictable revenue streams, continues to attract investors. As companies strategically invest in premium assets, renewable energy, and innovative pricing approaches, the stage is set for a resurgence in ENRC M&A activity.

For an in-depth look at the latest ENRC M&A trends and a detailed examination of the hybrid approach to pricing in upstream O&G deals, download our report.