Cleco Acquired by Stonepeak | Energy M&A Deal

Stonepeak has acquired Cleco, a utility services business in Louisiana, for an undisclosed amount. Cleco provides electric utility services, supporting regulated power delivery and grid operations across the state. Stonepeak acquisitions in energy M&A focus on owning and optimizing utility infrastructure assets, aligning with demand for stable cash flows in private equity acquisition. The announced Cleco acquisition is backed by private equity acquisition strategy alongside Bernhard Capital, with the seller consortium including Macquarie Asset Management, BC Investment Management Corporation, and Manulife Investment Management.