AES Acquired by Horizon Parent | Energy M&A Deal

Horizon Parent has completed the acquisition of AES, a energy services other business in Virginia, for $15.00 per share in cash. AES operates in the energy sector, providing services and infrastructure-related capabilities that fit Horizon Parent’s energy M&A strategy. The going private acquisition would shift AES to joint ownership by investment vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund, alongside other investors. Horizon Parent acquisitions are structured as a merger in which Merger Sub merges with and into AES, with AES as the surviving corporation, and stockholders receive $15.00 cash consideration. The announced going private acquisition is a private equity acquisition deal in VA, with a special meeting scheduled for June 26, 2026 to vote on the merger agreement.